An article on Yahoo today says that the Obama Administration is telling the companies like AIG, GM, Bank of America who were bailed out and have not yet repaid the loans that they must drastically cut the pay of the top 25 execs at the firm. Bank of America said the ruling would put it at a disadvantage in competing with companies not under the pay czar's thumb. "People want to work here, but they want to be paid fairly," said BofA spokesman.
What does everybody think about this?
What does everybody think about this?