A Student of History

April 11, 2008

Vulgar Corporate Pay

Filed under: Simple Living,The world today — John Maass @ 6:12 pm

In the category of “give credit where credit is due,” I give credit to Barrak Obama (who for many reasons I regard as comically unprepared and unqualified to lead this country) for his thoughts on the vulgarity that is part of America today:

From Yahoo!:

Democratic U.S. presidential candidate Barack Obama denounced huge pay packages for U.S. corporate chiefs on Friday in a drive to convert middle-class anger about the U.S. economy into votes.  “Some CEOs make more in one day than their workers make in one year,” Obama said. 

“We’ve seen what happens when CEOs are paid for doing a job no matter how bad a job they’re doing,” Obama said. “We can’t afford to postpone reform any longer.”

The first-term Illinois senator has introduced “say-on-pay” legislation that would give investors more of a voice in setting executive compensation packages.

 

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