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The part of this whole salary cap that everyone here seems to be missing is that the salary portion of an executive's pay is usually less than 50% of the whole package. This is because large corporations pay off (i'm sorry, make political contributions to) politicians so that loop holes will be left for them in the tax code. All that will come of this is that the CEO's of these large banks will restructure their compensation package to move more toward more stock options and "perks" like lifetime use of company owned beachside villas among other things that can be tax sheltered.
It's all a sham. Don't think for a minute that Obama is going to throw any part of the political contributor class under the bus. He'd have a hell of a time getting re-elected on what he can collect from college kids and SCK.
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John USYacht 27 "Cora Lee"
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