Executive compensation on Wall Street is an issue that could make or break the Obama presidency. To many respectable figures in the media and in the administration (especially at the Treasury), executive pay is just a distraction from the real issues. Passionate anger over Wall Street compensation is seen as the hallmark of a demagogue. However, while the amount of money to be paid out in compensation to financial executives and employees (roughly $140 billion) is not all that much in the context of a $14 trillion economy, it is of great political importance.
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