James Saft wonders "Is the executive pay bubble popping?" He notes that "Signs are it won’t just be the salaries of bankers coming under fire" in the coming months:

U.S. Treasury Secretary-designate Tim Geithner told Congress last week he would consider extending a $500,000 cap on the tax deductibility of executive pay to companies beyond those taking government bailout money.

“If confirmed, I would consider extending at least some of the TARP provisions and features of the $500,000 cap to U.S. companies generally as well as potentially imposing other rules beyond those potentially in effect,” he wrote in reply to questions from Senator Carl Levin.