it\’s great to have a public servant be a voice for economic justice. If it was left up to the NeoCons, Robert Nardelli would probably walk away with a $420 millions severance package from his next 6 month job.
lets see, this is the same Barney Frank who favors eliminating secret balloting for union approval; in other words, let\’s say you felt strong armed to put you had interest on that union card…now you don\’t have a right to vote yes or no after you heard the company rebuttal to the union…
but on the other hand, nothing helps a company like another non binding resolution on executive pay.
I\’d rather hear what Barney the dinosaur has to say than a liberal dinosaur from Taxach$ett$.
While we are voting on future congressional pay raises, why don\’t we look into the \’fat cat\’ retirement program our legislators have? Why don\’t they pay into and participate in Social Security like the rest of us? Hmmmm. Let\’s also take a look at their health care program. Bet it looks a whole lot better than what we pay big bucks for, if you can get it at all.
I\’m not against Board and stock holder control of CEO comp packages (including separation packages)….I think they are out of control. But isn\’t Barney calling the kettle black in this case??
While I generally disagree with everything that Rep. Barney Frank stands for politically, I believe he is partially on the right track regarding executive compensation for PUBLICLY traded companies. However, I think his law should be BINDING. Let the stockholders (i.e., owners) decide how much senior management should be compensated. It is obvious to everyone that a majority of the board of directors in this country are not maximizing shareholders wealth. The average stockholder has little or no influence over the company and this legislation would put some accountability back on the management to maximize shareholder wealth.
Finally, I believe Rep. Frank should also include language in his bill to allow the citizens of the US to vote on all congressional compensation and benefits. It very obvious that congress needs to be held accountable!
it\’s great to have a public servant be a voice for economic justice. If it was left up to the NeoCons, Robert Nardelli would probably walk away with a $420 millions severance package from his next 6 month job.
I am looking forward to see Rep. Frank\’s bill to allow the taxpayers to vote on future raises for members of the Congress.
What use is this bill if it is non-binding?
LLCJ is right. What is this the year of non-binding resolutions and legislation? I\’m for this proposal but only if it has some actual teeth to it.
I agree with Bud, Frank should let us vote on his pay. Why do democrats want to spend and control everyone else\’s money?
lets see, this is the same Barney Frank who favors eliminating secret balloting for union approval; in other words, let\’s say you felt strong armed to put you had interest on that union card…now you don\’t have a right to vote yes or no after you heard the company rebuttal to the union…
but on the other hand, nothing helps a company like another non binding resolution on executive pay.
I\’d rather hear what Barney the dinosaur has to say than a liberal dinosaur from Taxach$ett$.
While we are voting on future congressional pay raises, why don\’t we look into the \’fat cat\’ retirement program our legislators have? Why don\’t they pay into and participate in Social Security like the rest of us? Hmmmm. Let\’s also take a look at their health care program. Bet it looks a whole lot better than what we pay big bucks for, if you can get it at all.
I\’m not against Board and stock holder control of CEO comp packages (including separation packages)….I think they are out of control. But isn\’t Barney calling the kettle black in this case??
Thanks REp Frank
Right On Bud!
While I generally disagree with everything that Rep. Barney Frank stands for politically, I believe he is partially on the right track regarding executive compensation for PUBLICLY traded companies. However, I think his law should be BINDING. Let the stockholders (i.e., owners) decide how much senior management should be compensated. It is obvious to everyone that a majority of the board of directors in this country are not maximizing shareholders wealth. The average stockholder has little or no influence over the company and this legislation would put some accountability back on the management to maximize shareholder wealth.
Finally, I believe Rep. Frank should also include language in his bill to allow the citizens of the US to vote on all congressional compensation and benefits. It very obvious that congress needs to be held accountable!