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Article: UNCLE SAM SETS SALARIES
- Article from:
- Bangor Daily News Bangor, ME
- Article date:
- October 28, 2009
CopyrightCopyright 2009 Bangor Daily News Bangor, ME. Provided by ProQuest LLC. (Hide copyright information)
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Outrage over the large salaries and bonuses paid to executives at
financial institutions that had to be bailed out by the government
has naturally led to calls for limits on such compensation. Setting
those limits, however, is a job better left to shareholders than to
the federal government.
A major reason for the public outrage is that multimillion-
dollar salaries and bonuses were paid to some executives even as
their companies teetered on the brink of failure. Basically,
compensation had been separated from performance. Having the
government set compensation limits without being responsible for
setting performance targets and assessing whether they've been met
only makes this separation ...