Greed no longer rules in the corridors of power?

I've watched with growing amazement as governments all around the world have thrown money at financial institutions and industry with almost reckless abandon as everyone tries to stop the economic haemorrhaging.
I thanked my lucky stars that (with the exception of the ABC childcare debacle) money wasn't going directly to corporation bailouts here in Australia.

When the Yanks began to put together their latest stimulus package I thought that some sanity might be returning, for President Obama was making a lot of noise about stopping these big corporations spending some of that enormous pile of taxpayer funding on their own salary packages and bonuses.

At first it seemed that my optimism was premature and greed was still stalking the corridors of power and board rooms across America because it appeared that the move to cap these often multi-million dollar payouts is in trouble.
"Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators worked to fine-tune the compromise stimulus bill."
Another day brought other news however and the U.S. Congress has gone even further than the conditions suggested by Obama as it applies the cap retrospectively.
"The bill, which President Obama is expected to sign into law next week, limits bonuses for executives at all financial institutions receiving government funds to no more than a third of their annual compensation. The bonuses must be paid in company stock that can be redeemed only when the government investment has been repaid. With the measure, lawmakers seek to address public outrage over extravagant Wall Street paydays even as taxpayers bail out the industry."

Perhaps Sol Trujillo may decide to stay with Telstra after all - he now milks a more productive cow Downunder.