Friday, February 6, 2009

Netflix CEO Says "No, Thanks" to CEO Pay Cap




Reed Hastings, the CEO of Netflix, came out against Obama's plan to cap executive pay yesterday.  Instead, he argued that instead of placing caps on executive pay for those companies that receive bailout money, a tax rate of 50% should be set on all incomes higher than one million dollars...

http://www.nytimes.com/2009/02/06/opinion/06hastings.html?_r=3&ref=opinion#

I'm not a real big fan of capping CEO pay, and this is a plan I can definitely get behind.

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