Stimulus bill restricts executive compensation

After the government passed the $700 Billion financial bailout, on Friday the 13th Congress voted to restrict big bonuses that were given to managers and CEO's. Any company that received money from the bailout will be required to restrict payments and bonuses. In my opinion, the current economic crisis we are currently having requires government intervention of large bonuses and payments that some of the CEO's are giving themselves. The government has to make sure taxpayers money is being used in the right way. There is a need for the people to see an improvement in the economy after all the taxpayers money being spent.



http://money.cnn.com/2009/02/14/news/economy/stimulus_executive_pay.reut/index.htm?postversion=2009021409