There are plenty of reasons, but here is an excellent graphic representation of why Obama is trying to cap salaries for executives.
http://www.vanityfair.com/online/politics/2009/02/bonus-babies-the-big-tarp-recipients-and-their-booty.html
And if that fails to convince you, then think of this fact. Bank of America has received over $40 Billion in TARP (Bailout) money. They're currently worth $25 Billion. We could have bought every single share of their stock and saved $15 Billion dollars. Instead, we own about 7% of the bank.
Yay for treasury secretaries who used to be CEO of Goldman Sachs!
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