There will be a lot of big shots at these companies who will change their job titles so that they are not "senior executives", take more awards in restricted stock, give people cushy deferred comp packages, or create subsidiaries to run so that they make more than $500K, but are not strictly speaking an officer of the company receiving bailout funds.
Carl Icahn believes that the executive pay restrictions are a stopgap measure and that what needs to occur is greater shareholder democracy. He wants to restore the primacy of ownership over management.
http://online.wsj.com/article/SB123396742337359087.html