Benefits Think

The individuals that would be subject to the cap are the ones at the companies in such trouble, so I say let them be 'stolen.' I sincerley hope they are NOT our best financial talents!

Bless their hearts, Sens. Tom Harkin (D-Iowa) and Herb Kohl (D-Wis.) have reintroduced legislation, the Harkin/Kohl Defined Contribution Fee Disclosure Act of 2009, that would require 401(k) plan providers to clearly disclose all of the fees they charge, my colleagues at Money Management Executive report....

Great comments everyone! Thanks for all of your feedback. Glad to see I'm not alone in agreeing with the comp cap.

I agree that all corp. execs should be capped, but also wonder why we think that "all the best talent" will not be satisified with a $500,000 salary? Surely not EVERY talented person has been sucked into the idea that more money determines worth... Have they?

Talented financial executivesis the operative word here. If they're so talented how did they get in so much trouble. Plenty of smaller banks who pay their CEO's much less than $500K a year are not only surviving but thriving and don't want or need federal bailout money.

I also agree that it seems logical to place a cap on the businesses that receive financial aid, but why not make the cap relative to the amount of bail-out received, i.e. a percentage somehow relative to the amount of bail-out received versus company assets. The more money received the lower the salary...

Their talents can't be that great if they got their company is this financial situation, can it??

Because these institutions needed to be bailed out, how much talent can these execs have, anyway? I'm all for them walking a mile in my shoes!!!!

"level the playing field", where are you from? Russia? One of the things that makes America great is that hardwork and achievement is rewarded. Who are you, me, or anyone else to say how much money someone can make or how many houses, cars, etc someone is allowed to have? Class warfare and wealth...

Mr. Rayner's concern that the U.S. financial industry will experience a brain drain as a result of a temporary $500k annual salary cap on certain executives of companies which, if not for an influx of taxpayer backed capital would be unemployed due to their institution's bankruptcy, is misplaced at best....