12/16/2009
https://www.congress.gov...
"the President proposed abolishing the formula and replacing it with a cap that is equal to the pay rate for the government's most senior executives."
"I do not think we foresaw how sharply executive compensation would rise."
"The rules are there for a reason. It sometimes can be awkward or inconvenient to enforce them, but if we do not enforce them, then it encourages the bad actors to continue and does not reward the good..."
"Yes, I cannot imagine that they are not doing some."