These kind of statistics are appalling to just about everyone but the CEOs themselves. Who was it again that helped bail out the banks and avert a global economic meltdown? Hmmmm, oh yes! That’s right, I forgot! It was the American taxpayers.
As you are reaching for your mid-morning refill, take a short listen to Public Citizen’s Congress Watch division deputy director Lisa Gilbert discuss why Public Citizen is so engaged on the issue of executive compensation. Learn more about the Dodd-Frank act and upcoming May 31 deadline to weigh in on executive compensation. A short segment from Public Citizen board member Jim Hightower can also be heard at the end of Lisa’s interview!
When everyone else is suffering thanks to the wheelings and dealings of Wall Street, it defies logic to allow these sorts of pay practices to take place.
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