The Golden Parachute Survives

washingtonindependent.com — For supporters of the Bush administration’s $700-billion Wall Street bailout, it stands as a key selling point: a provision that limits pay packages for the heads of companies helped by the taxpayer-funded rescue program. There’s just one problem: It would do little to cap executive pay or rein in the enormous retirement packages — the golden parachutes — that have come to symbolize corporate excess.

more »