From the TUC

links for 2009-02-04

04 Feb 2009, by in Web links

  • Barack Obama today kicked off a campaign to dramatically limit bonuses for top executives at failed banks and companies. The US president will issue rules limiting executive pay to $500,000 (£347,000) a year for companies getting taxpayer bailout funds. The move has prompted calls for similar limits in the UK, where banks – and last month, car manufacturers – received billions of pounds in government funds to stay in business.
    (tags: banks obama)