Treasury Secretary says government should place “broad constraints” on the incentives that huge pay packages create for executives to take short-term risks, but adds, “I don’t think our government should set caps on compensation.” [Fox News]
“I don’t think our government should set caps on compensation,” Geithner said Monday during an interview at an invitation-only luncheon hosted by Newsweek.
I understand the reason, but sure don’t like it.
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About Featheriver
Born and raised in Oklahoma. Improved in California. Out to pasture in Nevada.
Born in 1933, Korean War Vet in USAF. Occupation: Criminal Law and Torts. Retired California Lawyer. Now live in Pahrump, Nye County, Nevada.
