House votes to restrict Wall Street pay - Economy in Turmoil- msnbc.com
Something that has come out of the Obama administraion that I agree with. I believe this is long over due. The system has been corrupt for a long while now. I have always believed the share holders should have the final say on bonues and exec pay.
The House bill includes Obama’s suggestions to give shareholders a nonbinding vote on compensation packages and prohibit directors on compensation committees from having financial ties to the company and its executives
Obama said giving shareholders a “say on pay” and diminishing management influence on pay packages would go far in curbing the lavish pay seen at some banks.
Something that has come out of the Obama administraion that I agree with. I believe this is long over due. The system has been corrupt for a long while now. I have always believed the share holders should have the final say on bonues and exec pay.
Last edited: