Bud Selig's $18.3 million salary could drop to $500,000 under Obama rules

Obama seeks to limit executive pay to $500,000 at companies receiving taxpayer bailouts, and Selig's seems to qualify on more than 1 level. First, he runs a monopoly which is an ultimate government bailout. Should anyone sitting atop a giant monopoly receive $18 million dollars (++) per year? As Mr. Obama might say, this is 'shameful'.

• (NY Times, 2/4): "“If the taxpayers are helping you, then you have certain responsibilities to not be living high on the hog,” Mr. Obama said Tuesday."...In addition:

• (NY Times, 2/4): "In a letter to Congress last month, Lawrence H. Summers, director of Mr. Obama’s National Economic Council, suggested that the new pay restrictions would apply to all companies that get Federal help."

Second, General Motors, B of A, Citibank and perhaps others sponsor baseball-GM still is an MLB sponsor--and they have received enormous bailouts. Selig's salary is derived in part from sponsors.

• Bud's job under Obama achieved greater notoriety Monday night in prime time when a Washington Post reporter was chosen to ask a question about steroids in baseball.

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