CEO CAP

I believe the federally mandated cap on CEO salaries of firms receiving Stimulus grants has been rethought and junked.

Good, for many reasons.

First, it could easily be circumvented – perhaps by stock sharing options.
Here at The Study we would approve of such circumvention but hate to see laws passed which cannot be enforced or which are inane and, well, stupid.

Secondly, the provisions allowing it apparently were configured to allow the Feds to apply the cap to many tiers of corporate officers.

Third, think of the salaries of Federal officers.

Take that of the Postmaster General for instance:

Postmaster General John Potter's base salary climbed to $265,000 last year from $186,000 in 2007. He also received a performance bonus of $135,000. In all his total compensation -- salary, bonuses, retirement benefits and other perks -- topped $850,000, a spokesman with the U.S. Postal Service told FOXNews.com on Wednesday. [Emphasis mine]

$850,000 ?????????????????

A rationale given for this amount was that it is in line with salaries given to private sector CEOs heading up large corporations.

So, ok for Federal pays, not ok for private pays - even though the rational was the private pay.

I hope my reasoning here is clear.

We often get very, very foggy.

Again, we here at The Study hope that when/if b.o.'s remedies and those remedies of the national dems fail to stimulate that The Republic can recover something of what it was before The One arrived on the scene.

I am very afraid that a democracy eventually gets what it deserves.