Stimulus amendment puts tough limits on executive pay - CNN.com Personally, I think it's high time it happened ! I like the concept of no "golden parachutes", nobody should get paid that kind of money to leave their job. Let them go, start them somewhere else in the mail room or a cubicle if they need to earn a living. Chances are they can always get a director's level job or better elsewhere. I disagree with this logic: ""Basically, this is encouraging the sales force -- the lifeblood of any company -- to look for work elsewhere, to leave [TARP-backed companies] for healthier companies where they can make more money," said Scott Talbott, senior vice president of government affairs for the Washington-based Financial Services Roundtable, a trade association representing 100 of the largest financial firms in the country. "If the goal of TARP is to make companies stronger, to get them back on their feet so they can stand on their own, and this drives away key executives, this is a problem," he told CNN in a telephone interview." So the healthier companies are going to hire away the employee's from the TARP bailed-out firms ? Good luck with that concept. It doesn't work that way in professional sports why is it going to work that way in the financial industry. Think of it this way, a TARP bailed-out firm is like the Detroit Lions. While there may be some decent individual players on the Lions, it's highly doubtful the Pittsburgh Steelers or non-TARP bailed-out firms are going to raid the employee or managerial talent of a TARP bailed-out firm. And the latter statement is even a bigger joke, "drive away key executives" ? They are TARP bailed-out for a reason. Again back to professional sports analogy. After the Miami Dolphins went 1-15, they went to one of the better performing teams (Dallas Cowboys) to raid key executive personnel, not vice versa. A TARP bailout on/during tenure on an executives resume is a key signal for other hiring firms, this executive trashed the corporation they were in charge of, poor performer and whatever else you can think of. There are key signals for hiring anyone, these should be for executives as well. It's funny, at these level of employees, they will tell you accountability and responsibility is the reason to compensate them accordingly, but when it really comes down to the real bottom line truth of it, not one of them stands behind their work. ""It's not good for taxpayers to have [TARP] money in organizations where the executives are leaving or the company is weakened," Reda told CNN. "My suspicion is that there are a lot of loopholes in this, " Reda said. "What it accomplishes is that it really confuses everybody."" "Executives are leaving" ? That's actually a good thing in some cases ? Again they are TARP bailed-out for a reason. Where would these executives go ? It's not like a healthy firm would pick them up for being a better addition to their organization ? Take Carly Fiorina, anyone actually believe Apple improved by picking her up off waivers after she left HP/Compaq ? Same holds here for Wall Street. I suspect the one's in it for the fast money that do leave, good riddance, they are more than likely the one's that drug the firm down to a TARP bailout in the first place. Loopholes ? If anyone will find them, it's this type of CEO. Confusion ? No, the only confusion here is that CEO's for TARP bailouts now won't be getting fabulous compensation packages and will have rules laid out for them, instead of receiving the bailout money, announcing more layoffs and then awarding/rewarding themselves with a bonus ?