We're Not In It For The Money: Executive Pay Caps Don't Send CEOs Running

Despite analysts proclaiming that executive pay caps at the companies that took federal bailout money would drive the talented executives away, most have stayed put, HRE Online reports.

Of the 104 senior executives at AIG, GMAC Financial, General Motors, Chrysler and its auto financing unit whose pay was limited, 88 of those executives, or 84%, are still with the same company, according to a recently released report by Kenneth Feinberg, the federal government’s special master for executive compensation, aka the “Compensation Czar.”

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