To all those who say conservatives are being alarmist about the Socialist agenda toward things like salary caps, I submit the following. The House is debating H.R. 1664, the "Pay for Performance Act of 2009", with Barney Frank's Support.
In a nutshell, the bill would prohibit any "unreasonable" or "excessive" executive or employee compensation, as determined by the Secretary of the Treasury, and would prohibit any bonuses that aren't tied to performance-based criteria defined in terms of the company performing to the government's satisfaction. In other words, it gives the Secretary of the Treasury the authority to set and enforce salary caps, as well as authority to threaten employee paychecks if the company doesn't do what he says.
The bill applies to any financial institution that has received a capital investment from the government. It passed the House Financial Services Committee last week 38-22 along party lines, with all Democrats voting for it.
This is why Ford and a lot of states are refusing federal money. This is like getting an infusion of cash from the mafia -- it looks reasonable up front, but once you're in their debt they start strong-arming you and taking over your business.