Saturday, October 17, 2009

Executive asked to give back salary

Apparently Obama's pay czar is at work, determining who gets to keep their paycheck based on political affiliation. Follow this link to read at Powerline:
Today the Obama administration's "pay czar" demanded that Ken Lewis, Chairman of the Board of Bank of America, work for free. The "czar," Kenneth Feinberg, pressured Lewis not only to forgo all remaining compensation for 2009, but to repay the $1 million he has already received this year. Lewis acquiesced, saying that "he felt it was not in the best interest of Bank of America for him to get involved in a dispute with the paymaster." I'm sure he was right about that.

Response to this outrage has been surprisingly muted. In my view, it is hard to imagine anything more un-American than a "pay czar" empowered to order businessmen to work for free.

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