This is a dandy symbolic gesture but has so little to do with the actual problem it's ridiculous that it's even news. It is to make gullible American's feel that the CEO's are being punished for being bad and that real change is actually happening.

The problem isn't salary, it's the bonuses they get off short term gains without any recourse when there are long term losses - or when the "gains" were artificial.

Want to solve the problem? Bailout homeowners! Then, they can pay off their loans, banks get their money and the economy is back on track.

The problem is then the American citizen is not owned by the banks anymore. Instead we're mugged in the greatest transfer of wealth our nation has ever seen from the lower 95% to the richest 5%.

As a politician he's got to know how it a salary cap means nothing. How do all these senators making low six-figures live in million dollar mansions like royalty? Because there are tons of ways to make money aside from salary.