Washington —- The House passed legislation Friday aimed at restraining compensation for corporate executives by letting shareholders take an annual advisory vote on their pay.
Shareholder advocates believe that "say on pay" votes would discourage boards of directors from approving lavish compensation packages for top executives.
"The CEOs don't own the company," Rep. Barney Frank (D-Mass.), the bill's chief sponsor, said during the debate. "The shareholders own the company" and deserve an opportunity to speak out on management's pay, he said.
You're right, Bawney Fwank, the CEO's don't own the company. They're simple the ones who are IN CHARGE OF RUNNING THE COMPANY AND MAKING SHAREHOLDERS MONEY!
The GOC has his own suggestion, and I think it's a good one.
Limit CEO pay? Let's limit congressional pay. Bastards!Sounds good to me. Let's start cutting the pay of all those bastards on Capitol Hill. Every last corrupt son-of-a-bitch who's currently sitting in Congress, let's take 25% right off the top. They vote themselves a pay raise every year, don't they? So why don't we take Bawney Fwank's suggestion and apply it to our representatives?
Fair is fair, right?
By the way, the GOC is where I got my latest desktop picture.