/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;At 11 a.m. today President Obama and team will announce that the salaries of senior executives at firms accepting government bailout cash under its TARP plan will be capped at $500,000. According to Bloomberg, the terms of the restrictions will only &quot;focus on companies that, going forward, take &#39;exceptional&#39; amounts of bailout money&quot; and won&#39;t be retroactive to firms that have already been rescued by Uncle Sam.&lt;/p&gt;&lt;p&gt;Although chiefs such as J.P. Morgan&#39;s Jamie Dimon (who spoke against the limits yesterday) are certainly not celebrating, and there&#39;s a good chance that if &quot;senior executive&quot; means &quot;dealmaker&quot; there will be a decent amount of defecting to non-TARP firms (as was written about here previously), these banks and their senior&amp;nbsp;bankers should not forget the rule that many of us Americans were taught years ago during the glory days of our ignorance and innocence. To quote mothers and fathers nationwide, &quot;As long as you live under my roof, you live by my rules.&quot; &lt;p&gt;It&#39;s tough to argue with that logic, no matter how hard you try; the only way to beat it is to pay your own way. So once these banks are prepared to do just that, they should, at the very least,&amp;nbsp;accept without complaint the lot they got.&lt;/p&gt;

Derek Loosvelt

Article

Next-Gen Banking: The Trends Shaping Financial Careers in 2026

Private Equity On-Cycle Hiring Is Faster, Earlier, and Wilder Than Ever

Investment Banking Internships for Summer 2027 Are Open: How, When, and Where to Apply

MBA vs. CFA: Which Pays Off More for Banking and Finance Professionals?

The Library