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    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

    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
    Morning Bell: President Obama Is Tired of Fighting Terrorism

    “We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender…” These were words President Obama never used during his speech at the National Defense University yesterday. Rather, … More

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