It's a sad day in America, and speaks poorly of how far we have fallen, when the president of our great country must impose pay caps on corporate leaders. Since they have chosen not to be self-governing, either before or after the bailout, this most likely was a necessary step to protect America's interest in these companies.
How do we teach our children well, in the words of that old ballad? How do we engage with life, work, and the world around us so that the generations coming behind us will appreciate life, be encouraged to build wealth, yet understand the responsibility that both wealth and power bring?
To be sure, these creative folks at the companies that are experiencing the caps will find ways to take care of the executive suite that doesn't violate the letter of the law. At the same time, what they create in the form of benefits for these decision makers will surely blow the intent of this presidential action to kingdom come.
Until next time...
Randy
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