Outrageous CEO Salaries Are a Nationwide Scandal -- Where Are the Politicians?

[Brewman_Jax]

from the article: During the political party convention season that begins this week, you won't hear much disagreement on one issue: executive pay.

Politicians from both parties finally appear to be seeing which way the wind is blowing on this one. Last year, a Financial Times/Harris poll revealed that 77 percent of Americans think chief executives "earn too much." And that sentiment has likely intensified in 2008, with one banker after another walking away from the mortgage mess with overflowing pockets.

The presidential candidates have responded to public outrage over bloated CEO pay by promising to boost shareholder power over executive pay packages. Barack Obama is the sponsor of a Senate bill that would grant shareholders a nonbinding advisory vote each year. John McCain has suggested he'd like shareholders to have veto power.

This reform, widely known as "say on pay," could shame some boards away from offering truly obscene pay packages. But when shame goes up against corporate greed, we all know which one usually prevails.

The candidates should be giving more attention to proposals that focus on eliminating the various tax loopholes that currently subsidize excessive executive pay.


Those poor CEO's :cry: :sarcasm: More compassionate conservatism at work. :eyes:



http://www.alternet.org/workplace/96199/outrageous_ceo_salaries_are_a_nationwide_scandal_--_where_are_the_politicians/

[rAVES]

1. In their pockets...

[liberal N proud]

2. Partying with those CEO's

[Brewman_Jax]

3. No CEO left behind

nt