In an unprecedented move, it was announced recently that the Obama administration would cut the salaries of 25 top executives of the seven largest banking firms in the country. For a presidential administration to propose wage control on a major company is a slippery slope toward government control. It’s an insult to the free market system. Wage control should not be government-driven, but market-driven. If the company loses money, then the wages should be cut naturally, because there isn’t enough… Read more