Obama's administration tried to exclude FOX News from an interview with the Pay Czar Ken Feinberg, but the other four networks in the "pool" of news agencies invited would NOT do the interview unless FOX was allowed. Kudos to those networks who stuck up for Freedom of Press and Freedom of Speech. We the People shall NOT be corrupted by this administration. These are OUR rights!
By the way, from what I viewed on FOX News, Ken Feinberg very succinctly and convincingly justified the limits on executive pay for the top 25 executives in seven companies who were given TARP money and have still not paid it back. As I understand it, We the People own a large part in these companies and were entitled to be protected from the vultures who scarfed up our money. Also, as I understand it from the short clip I saw, just the cash salaries were limited. This I interpret as providing perks, such as stock options/rights, would be acceptable to compensate for the loss in cash. The benefits of options/rights would be dependent on the growth of the company. Bottom line: I really don't see any benefit in the limitation other than keeping the costs off the accounting books for the next quarter. There has always been accounting schemes to DEFER income -- options/rights are a vehicle to do this.
So, the importance of this whole event becomes the Freedon of Speech and Press! We win. The government losses like it should.
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