Here’s a Wall Streeter who absolutely agrees with proposed limitation on executive pay. Assuming that no one should be permitted to earn more than the President of the United States, he adds up that pay and seems satisfied that most executives would settle for it, in the interest of putting our country first. Of course, he’d like to see a “performance for pay” clause, which, so far, has been sadly missing from our politicians’ own salaries.
Here’s the breakdown: He figures $59,000,000 should just about match what we’re spending on Obama. Per year.