In Case You Were Wondering...
Beyond AIG: A Bill to let Big Government Set Your Salary
But now, in a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill.
Great, that's just what I need, another reason to wish him unwell.
The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government.
And, if a company refuse to accept the next round of "capital investment"?
I don't wanna know.
Also, why do I get the funny feeling that the wages being paid to unionized auto workers won't receive quite the level of scrutiny as others?