Obama's pay caps: The good and bad

When it comes to executive compensation, Pearl Meyer has seen it all. She started her career more than 30 years ago, at Kraft, founding her own eponymous firm in 1989 and later selling it. Now senior managing director at Steven Hall & Partners, Meyer has the kind of perspective on President Obama's pay restrictions that can only come from a veteran of the business. In an interview with Fortune's Jennifer Reingold, she talked about what's good and bad in it.

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[Source: Financial news of the day - CNNMoney.com]