I haven’t posted as much recently.\u00a0 I thought summer would slow things down, but apparently not so much around our house.\u00a0 I’ve been collecting things to write on, but they’re starting to get stale, so before they’re completely irrelevant, here are a few quick hits to start the week.<\/p>\n
Economy:<\/strong> Never mind whether or not you got TARP funds, the Obama administration may be looking to cap your executive’s pay<\/a>.<\/p>\n Gene Sperling, a top counselor to Treasury Secretary Timothy Geithner, conceded to a congressional committee that imposing compensation caps on companies could lead to a flight of talent.<\/p>\n “I can say with certainty that nobody in the Obama administration is proposing such a thing,” he said.<\/p>\n Yet, at the same time, he and officials with the Federal Reserve and the Securities and Exchange Commission laid out a case for how payment structures rewarded short-term gains at the expense of long-term performance and contributed to the nation’s financial crisis.<\/p>\n The administration plans to seek legislation that would try to rein in compensation at publicly traded companies through nonbinding shareholder votes and by decreasing management influence on pay decisions.<\/p><\/blockquote>\n No mention of how incentivizing the giving loans to people who couldn’t afford them contributed to the nation’s financial crisis, nor any talk of reining that in.<\/p>\n