Obama caps executive salaries for firms accepting loan money

President Barack Obama today tied another string to the money received by GM and Chrysler, setting a cap of $500,000 on executive salaries for companies in receipt of taxpayer funds. The move is likely to prove popular with the public, which often perceives corporate executives as overpaid. The salary limits also apply to Wall Street businesses that took bailout money, perhaps further securing a positive public sentiment by limiting the further damage that can be done in the financial sector. But it's not yet clear what impact the decision might have on those that run the companies. "In order to restore our financial system, we've got to restore trust.