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President Barack Obama is pleased with a new House executive pay bill, White House spokesman Robert Gibbs reports.
Wall Street bonuses could be banned under the bill approved by the House.
Calling high pay "vulgar," Representative Brad Miller D-NC says, "We are now in the worst economic downturn since the Great Depression and we have been perilously close to a financial collapse. We know what went wrong, essentially the same things that went wrong in the 1920s. Corporate executives were looting their companies. The idea that corporate executives were acting in the best interest of their shareholders is simply a farce."
Naturally, the last Depression was caused by a Republican administration, too.
Representative James McGovern D-MA says "Corporate executives are continuing to give themselves multimillion-dollar pay packages. The misbehavior in corporate America must come to an end". After being passed by the Senate and being signed into law, the measure will end high pay for corporate fat cats.
Wall Street bonuses could be banned under the bill approved by the House.
Calling high pay "vulgar," Representative Brad Miller D-NC says, "We are now in the worst economic downturn since the Great Depression and we have been perilously close to a financial collapse. We know what went wrong, essentially the same things that went wrong in the 1920s. Corporate executives were looting their companies. The idea that corporate executives were acting in the best interest of their shareholders is simply a farce."
Naturally, the last Depression was caused by a Republican administration, too.
Representative James McGovern D-MA says "Corporate executives are continuing to give themselves multimillion-dollar pay packages. The misbehavior in corporate America must come to an end". After being passed by the Senate and being signed into law, the measure will end high pay for corporate fat cats.
