Quote:http://www.insurancenetworking.com/news/in...on-23441-1.htmlThese are about what is tax deductible and what isn't. That's an incentive system that is constitutionally within the purview of the federal government. They aren't telling companies what they can and can't do. They're only telling them what they can and can't deduct from their taxes. It's not what you're suggesting - it's neither the power to limit executive salaries, nor to set them. It would only change their form.
http://online.wsj.com/article/SB1000142405...2851002752.html
This slope is getting kind of slippery...
-Jester
Afterthought: In fairness, they are also setting industry standard guidelines, although it sounds like this is pretty loose, a matter of establishing "best practices" rather than enforcing any particular rule. One should *definitely* note that this only applies to the banking sector, and is designed not as redistributive vengeance, but to prevent poorly designed executive rewards from encouraging risk, thus risking another potential explosion of the banking system.