Obama's Defense Budget Would Slash Contractor Exec Pay

Law360, New York (April 15, 2013, 3:17 PM EDT) -- President Barack Obama's proposed 2014 defense budget renews the administration's call to clamp down on the amount the government will pay toward contractor executive salaries, currently $763,000 per year, by tying it to the U.S. vice president's salary

The budget would cap the sum the government would contribute at $230,700 — the amount Vice President Joe Biden is paid — echoing failed attempts in the 2012 and 2013 National Defense Authorization Acts. A contractor would still be free to pay its executives as much as it wanted; it...
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