Barack Hussein Obama’s administration today announced new guidelines to control executive pay not just within companies that received bailout funds from TARP, but in all companies and firms in the private sector! This means YOU and the executive compensation you receive based on your work performance will be affected!
Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains. READ MORE…
Why doesn’t the administration rein in their own out-of-control spending instead of worrying about what executives earn in publicly held companies?
Welp, I tried to warn you about Obama’s ‘Orwellian Big Brother‘ mentality even before he was elected.
