Of course, it's the bailout boys. Obama's Director of Corporate Failure, Kenneth R Feinberg, is slashing the top executive's pay at these companies by 90% Y/Y.
Sure, it will play well politically, but the only guarantee is that executive talent will flee these companies to greener pastures. (though one could argue that the only talent left at GM and Chrysler is licking Ron Bloom's boots...)
The “top 25” at these companies may or may not stay on. The critical issue is with executives #26 – 100. Those folks – key to any turnaround effort - are effectively up for grabs.
Even in the John Galt economy, they have options.