Wow! – story at the Financial Times. A $500k cap? I suppose the key question is would Naomi Campbell get out of bed for that kind of remuneration?

If memory serves, the word “salary” derives from the Latin word for salt and that people used to get paid in salt, so valuable and rare a commodity it was. Clearly, following his “outrageous” and “shameful” remarks about the $18 billion in bonuses paid to Execs in the financial services arena, Mr Obama doesn’t think these guys are “worth their salt.”

UPDATE: Edward Hadas over at Fortune thinks this is a baaaaad idea.