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Salary cap fails quickly

A state proposal aimed at influencing private corporations to limit sky-high executive salaries got nowhere Tuesday in the Legislature.

The proposal was offered as an amendment to a budget implementing bill by state Rep. Harry Goode, D-Melbourne, and state Sen. Winston "Bud" Gardner, D-Titusville. It would have urged managers of the state's retirement funds to use their influence as investors in big companies to bring down salaries of executives.

The two lawmakers introduced their amendment at a news conference, saying they expected little resistance. They were wrong.

Republicans in both chambers said they opposed any effort by the state to stick its nose into the salaries of private business.

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