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www.cnn.com
synopped by: yeraze (reach: 12)     category: US News

Angry Senator Wants Pay Cap On Wall Street 'Idiots' Cnn.Com

  • Takeaway #1

    Sen. Claire McCaskill wants salary cap on employees of firms getting bailout money.. The proposed compensation limit would cover salaries, bonuses and stock options.

  • Takeaway #2

    Senator's move comes day after president slammed executive bonuses, saying it was the "height of irresponsibility" for executives to pay bonuses when their companies were asking for help from Washington.

  • Takeaway #3

    "They don't get it. These people are idiots," senator says of execs

  • Takeaway #4

    Bill would cap execs' pay at $400,000 -- the amount Obama earns

  • Takeaway #5

    Former New York Mayor Rudy Giuliani on Friday defended corporate bonuses, saying that cutting them also means slashing jobs in the Big Apple.

Takeaways: (5) Views: (441) Requests: (2) Revisions: (2)

Posted: January 30, 2009 20:32     Last Edited: yeraze (Reach: 75) January 30, 2009 20:35

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  • 1

    January 30, 2009 20:33       revised by: yeraze reason: minor edit