Ya Don’t Say?!

Pay Caps Make it Hard for GM to Hire Execs: Whitacre

General Motors could be hurt by pay restrictions on senior executives set by the U.S. government, the automaker’s chairman said Tuesday, urging an overhaul of the salary caps.

Tough out there and hey! I’m no Wall Street apologist but, personally? I think the non-negotiable “Concedes Congress Can Continually Crawl Up Contractor’s Ass” contract clause is the real problem.

2 Responses to “Ya Don’t Say?!”

1. Gary from Jersey says:

   November 11, 2009 at 11:56 am

   Maybe pay caps for $78/hour assemblyline workers would work, too.

   Nah. That’s not what Marx had in mind.

2. Gunslinger says:

   November 11, 2009 at 5:59 pm

   I guess the fact that the salary caps were put in place by people who can vote themselves a pay raise on a whim doesn’t exactly help either.