Uh, WE’RE paying their salaries! If they’re using my money, they sure don’t need to live high on the hog with it.
I actually agree with this part of the plan. These are failed companies using taxpayer dollars. Once they become profitable again, this stipulation will go away.
The head of the FBI dosen’t get a multi-million dollar taxpayer-funded bonus.
I understand the outrage, but there is a better Free Market solution.
Fire the CEOs as a condition of a bailout.
Then hire competent new ones at market rates, whatever those might be.