Speaking of Executive Compensation. . . .

6 February 2009 at 10:37 pm Leave a comment

| Peter Klein |

Chris Manion has a dream:

Obama Cuts Salaries for Presidents of Universities that Receive Federal Money

$100,000 annual cap enrages literati, “Violates academic freedom,” one president declares, from his limousine’s satellite phone.

Obama Limits Baseball Salaries to $100,000 per Player per Year

Administration points to baseball’s antitrust exemption as authority; “This could force our players to gamble on the side and maybe throw the world series even” says players union president.

Obama Limits Salaries of Former Government Employees

$100,000 a year ceiling enrages lobbyists, retired generals, and Trent Lott.

Obama Caps Federal Retirement Pensions

“These benefits should be no higher than those of the private sector taxpayers who pay the taxes to support them,” President says. Government Employee Union president threatens a general strike, scratches his head for a moment, and then retracts statement “pending further discussions.”

And then I woke up.

In my dream the President announces a cap on compensation for TV and movie stars, recording artists, writers, Hollywood directors and producers, celebrity speakers, and investors. “In this time of economic hardship, for Tom Cruise to earn millions for Valkyrie, even though Lions for Lambs was a total flop, for President Clinton to pick up $500,000 for recycling the same boring speech, and for George Soros to rack up interest and dividends even though he completely missed calling the financial crisis, is the height of irresponsibility. It is shameful. And I will not tolerate it as President.”

Entry filed under: - Klein -, Corporate Governance, Public Policy / Political Economy.

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