Senator Claire McCaskill wants CEO pay capped if

[glinda]

they receive public funding. Well then.... let's see that happen to Walfart's CEO's because Walmart gets tons of breaks and financial support on the backs of the public.

[Scooter24]

1. She also said "going forward"

meaning all previous agreements won't be restricted. This might be a problem for Citigroup and Bank of America who are already talking about another loan and might find themselves having to agree to these terms.

Wells Fargo on the other hand is in a great position and have already said they won't need any more money and will be buying back thier Class D shares at first chance. They probably won't be restricted under any terms drawn up by Congress unless they agree to them.

She also mentioned the term "deferred compensation" meaning that the banks could still offer salary and bonuses to executives only on the condition that they be paid at the close of all government contracts. Meaning they still get paid, they just have to wait to collect.

[ColbertWatcher]

2. Can't. All previous agreements CAN'T be restricted.

They're already written and signed, etc.

No way to undo them.

[aquart]

3. I'm not thrilled with "deferred compensation," either.

Executives have been leeching us dry and I want it stopped.

[glinda]

4. I agree but it is not just the Banks and Insurance Companies doing this that also get huge public

monies. I mean, why just the Banks??????