Ceo Pay: Something Should Be Done But Not By CongressJudith H. Dobrzynski
Recession. Health care. Crime. Drugs. Homelessness. Education. The deficit. These are just a few of America's problems, topics that should dominate the political debate this election year. But what's the newest hot-button among Presidential candidates and on Capitol Hill? Executive pay. Thanks to all the commotion surrounding the generously paid chief executives who accompanied President Bush on his trip to Japan, what had been an annual springtime flashpoint for activist shareholders has flared into a national issue. Now, obscure congressional proposals, such as capping the tax deductions a company may take for executive pay, are gaining support.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.