Claire McCaskill The sign on President Harry Truman's desk that said "The buck stops here" had more to do with accountability in the executive than with executive pay. But something makes us think Truman would've gotten along quite well with fellow Missourian, Sen. Claire McCaskill (D- MO).
Her latest bill is a clear example of that same Show Me State chutzpah. While every lawmaker with a microphone can be heard railing against huge Wall Street bonuses and exorbitant CEO pay, McCaskill is actually doing something about it. Last Friday, McCaskill introduced a bill to cap employee compensation for companies that receive assistance from the government. Under McCaskill's Cap Executive Officer Pay Act of 2009, recipients of TARP money or other taxpayer assistance would only be able to pay their officers as much as President Barack Obama makes, or $400,000 a year. Many don't realize that even shareholders have virtually no control over executive pay, so there's not much anyone can do to change the situation outside of public protest and congressional action. Read More >>> http://www.buzzflash.com/articles/honors/124 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
