Thursday, March 19, 2009

Excellent post by Greenwald on the bonus controversy

Greenwald sorts out some critical details and offers the hierarchy of positions regarding executive compensation limits back in February:

Chris Dodd—advocated full-scale, no-exceptions limits on executive compensation for bailed-out companies

Obama administration—supported limits but advocated exceptions for already-existing employment contracts

GOP leaders—opposed all executive compensation limits as Socialist tyranny

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