Executive Pay: Not so Limited

fraud In a follow-up to our last post, here’s today’s news:

Pay czar open to raising salary limits for new hires

November 13, 2009 – 12:01 am ET

WASHINGTON (Reuters) — Two days after GM Chairman Ed Whitacre said the government should loosen its restrictions on executive pay for bailed-out companies, the White House pay czar signaled his willingness to raise salary caps for new hires.

“Caps,” sure.