Caps Don't Apply to the President!

Whatever Happened to Lead By Example? More Than $400,000 in Perks!

"You can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayers’ dime. There’s got to be some accountability and some responsibility, and that’s something that I intend to impose as president of the United States," Obama said Recently...



By SCOTT MAYEROWITZ
ABC NEWS
Feb. 5, 2009
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America's CEOs are coming under fire these days not just for their hefty salaries but also for their use of private jets, limos with drivers and free trips to posh resorts.

The president gets a private jet, driver, security and chef, all tax-free.
(Getty/ABC News)But they aren't alone in living this lavish lifestyle -- the president of United States gets all these perks and more.

And unlike some of his Cabinet appointments, he doesn't have to pay taxes on these benefits.

It might be a bit of a stretch to compare today's corporate titans with the commander in chief, but some Wall Street bloggers clearly upset with President Obama's attempts to rein in executive pay are doing just that.

"Some accountability needs to be put in place. We won't have them kicking sand in the face of taxpayers any longer," said one private equity worker on Dealbreaker.com, a Wall Street gossip site and blog.