Thought this quote was kind of funny.
From a NY Times story on the administration’s plans to cap corporate executives’ pay at $500K if they accept bailout money:
“That is pretty draconian — $500,000 is not a lot of money, particularly if there is no bonus,” said James F. Reda, founder and managing director of James F. Reda & Associates, a compensation consulting firm. “And you know these companies that are in trouble are not going to pay much of an annual dividend.”
Tough times… just $500K. AND no bonus. How will they eat?