NewsBusters
The Federal pay czar announced that executives in companies that took bailout funds from the Troubled Asset Recovery Program should not receive the bonuses that were announced recently. And there are rumblings about extending government reach into the executive compensation at all publicly traded companies. That would be just fine with Harry Smith at CBS’s “Early Show.”
On Oct. 22, Smith interviewed Elizabeth Warren, the chairperson of the Congressional Oversight Panel – basically the government-mandated babysitter of companies that were bailed out by TARP funds.
“Guys, you can’t party on like it’s 2007,” said Warren. “If you’re going to have to take taxpayer dollars, then it means the game has to change.”…
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