I completely oppose any kind of salary cap on CEO's and top executives. If a company thinks someone is worth the money, they should be able to pay whatever they want to hire that them. There is a high value on business experience, insight, and successful risks and rewards that Washington will never understand, because most of the politicians and lawmakers have never been in the private sector.
If a company is paying said executives too much, then they will have financial problems that will lead to their ruin. You can't continue to pay execs those large amounts if they don't produce. Sometimes you see a company purchased and ran into the ground while the execs loot the wealth of that company.
The failure of that company should be the result. Government loans or bailouts should not be given to those who have already proven that they can't run a company. People may loose jobs as a result, but there will be other jobs, and the human resources in our country should flow to the solvent companies that are well managed and producing what the customers want.
Targeted taxes and retroactive taxes on executives are a horrible thing. They interrupt the contract that was made when hiring the talent. You may not like how much money someone is getting in their bonus, But that was the deal. Once the government, President or anyone else starts changing the rules as we go they create an uncertainty where businesses don't dare operate. There is enough risk in business without navigating the shifting sands of government intervention all the time.
If contracts become unstable the eventuality is that all decisions will be settled by those with political pull. Then our great country will be no better than a two bit banana republic.
Judge Denies Motion to Toss SPLC Indictment
1 hour ago