Thursday
Mar262009
Schumer: "Something's out of wack with Executive compensation"
Staff
By Kayleigh Harvey - Talk Radio News Service
The Senate Banking, Housing and Urban Affairs Committee met for the second time to discuss “Enhancing Investor Protection and the Regulation of Securities Markets.”
At the hearing, Senator Chuck Schumer (D-N.Y.) said, “We all believe people should be rewarded for good performance, that’s not the problem, but what we’ve seen in many instances that has enraged Americans is a heads-eye wind tail you lose system. In which executives are rewarded for flashing the pan short term gains, or even worse, rewarded richly when the company does poorly and the shareholders have been hammered.”
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The Senate Banking, Housing and Urban Affairs Committee met for the second time to discuss “Enhancing Investor Protection and the Regulation of Securities Markets.”
At the hearing, Senator Chuck Schumer (D-N.Y.) said, “We all believe people should be rewarded for good performance, that’s not the problem, but what we’ve seen in many instances that has enraged Americans is a heads-eye wind tail you lose system. In which executives are rewarded for flashing the pan short term gains, or even worse, rewarded richly when the company does poorly and the shareholders have been hammered.”
Listen
Hillary Clinton on Forced Abortion
Secretary of State Hillary Clinton appeared before the House Foreign Affairs Committee today to discuss the foreign policy priorities for the Obama administration. Congressman Bob Inglis (R-S.C.) asked Cinton about abortion asking her views on forced abortion in China. To which Clinton repeated her stance as First Lady stating this was “absolutely unacceptable.”
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