Upper limit for bank managers in Germany?

Since the last several days, Germany has been talking about introducing a limit of EUR 500,000 per year for banks who seek help from the rescue fund. While looking at what bank managers are getting in the US despite of the low performance, an upper limit may seem to be a good idea.

I disagree with managers making several millions a year, although the limit of EUR 500,000 appears to be extremely low. Considering that around 50% will be income tax, leaving a bank CEO with EUR 250,000 net? The only thing that I believe that will happen is that this may lead to a similar quality of staff as we can see in political positions these days. CEO's of large companies should be able to make around 3 to 6 million net per year, depending on the achievements made, but not +20 million dollars for driving a bank into liquidation!

Such large salaries and bonuses could draw too much attention of steering a company into a lasting directions, only focusing on profit maximation to increase bonuses, taking uncalculated risks and driving companies into liquidation.

Something will need to be done, but I do not think that a simple regulation like this will be a long term solution. Banks that somehow make it through this crisis without help will take the "good" managers and only leave the "bad" ones for those banks. A competitive long term solution will need to be developed.