Like $500,000 Is A Real Salary Cap!?
This morning's lead story in The New York Times addresses President Obama's efforts to change corporate culture by caping executive salaries to $500,000. Now, as much as The Buzz loves the Big O, we can't help but say, "Whatchu talkin' bout, Bama?" They're even astounded Down Under, where the online newspaper The Australian makes note of our "balied [out] bigwigs". The news has CBS correspondent Katie Couric jotting away in her Notebook. And USA Today warns that this cap could cost more than intended. CNN backs the Prez on his tough talk and NPR talks us down about what Obama's big announcement really means. But, come on now, those execs can't be crying about $500,000. That's nothing to sneeze at. And it's $100,000 more than the president makes, himself! Sure, the bailout bucks have been in the billions and trillions, but this isn't monopoly money we're dealing with.