Quote:
Obama unveils executive pay cap

US President Barack Obama has announced a $500,000 (£355,000) limit on executive pay at US firms that need substantial fresh government aid.

The move follows widespread public anger over the levels of pay on Wall Street, but is not expected to be applied retrospectively.

President Obama said it was "shameful" that top bankers had awarded themselves giant bonuses last year.

He added that taxpayers should not be "subsidizing excessive compensation".
...

BBC


Fair play!