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    • executive pay

    Wage Controls Don’t Work

    October 23, 2009 at 10:40 am

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    CNBC reported on Obama’s Pay Czar earlier this week: Under the plan, which will be announced in the next few days by the Treasury Department, the seven companies that received the most assistance will have to cut the annual salaries of their 25 best-paid executives by an average of about … More

    Congress Bans Pay for Performance

    February 17, 2009 at 3:22 pm

    14 Comments

    A small provision slipped into the stimulus (PDF) by Sen. Chris Dodd is making big waves in the banking and finance industries. The last-minute addition to the bill, which pretty much no one noticed until after the legislation passed both chambers, places sharp limits on bonuses available to top executives … More

    Unintended Consequences on Executive Pay III: Exit Goldman

    February 5, 2009 at 9:53 am

    2 Comments

    Is it any coincidence that on the same day that the Obama Administration announces restrictions on executive pay for companies taking government bailout money, Goldman Sachs announced that it is pulling out of the government’s Troubled Asset Relief Program? The investment bank, says CFO David Viniar, is chafing under the … More

    Unintended Consequences on Executive Pay II: Pay Caps

    February 4, 2009 at 5:02 pm

    16 Comments

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. In my last post, I discussed the example of a ban on “golden parachutes” for top executives. Now, another item from the Treasury’s pay rules for companies … More

    Unintended Consequences on Executive Pay I: Golden Parachutes

    February 4, 2009 at 4:12 pm

    7 Comments

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. A case in point: the executive pay guidelines released by Treasury today.  Though the new rules seem to apply, at this point, to only the few corporations … More

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    The Morning Bell
    A Bumper Crop of Food Stamps

    Tweet this Where do food stamps come from? They come from taxpayers—certainly not from family farms. Yet the “farm” bill, a recurring subsidy-fest in Congress, is actually 80 percent food stamps and other government nutrition programs. The food stamps sweeten the farm deal for lawmakers, who admit that the combination … More

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