Government Pay Restrictions

When you hire and attempt to keep personnel, you pay market labor prices. Or you get inefficiency, and the best employees leave for other opportunities.

Government action curtailed such activity.

Payroll at companies which accepted bailouts reflected this. 

                        

Executive earnings were never a factor in the past financial meltdown. They were insignificant numbers, relative to overall financial problems. Executives now are consistently scapegoats for ignorant and crowd-pleasing politicians.

                           

Only politicians have 20/20 hindsight, to tell executives they are making too much money. How about actors and ball players? And reporters? Are they next?

                           

Many in the media are not conversant with how such controls are an integral part of state capitalism, such as the type fascists operated in Italy, Germany and Spain in the 1930s. They started out meddling with business the same way left-leaning politicos in the U. S. are today. The media is not concerned about the slippery slope.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)