Like I said before, I like George Will.
From This Week With George Stephanopoulos:
GEORGE WILL: Can I propose Will’s Law? We can all agree on this. Three liberals and Will. Will’s Law is that no company, such as JPMorgan now, or BearStearns, that is getting substantial subvention from the federal government shall be allowed to pay any of its executives more than the GS-15, that’s $124,000. That would stop the run to Washington.What an excellent idea. Why is it that government welfare for the poor is a bad idea but government welfare for companies that make bad decisions is acceptable?
If the companies want the welfare they should be required to lower the pay of their executives for 5 to 10 years. Clearly, these executives shouldn't be paid much anyway...they sent the company into bankruptcy.
