Thursday, June 11, 2009

And They Say Class War is Over

Business groups dare Obama to limit pay for unions bosses - The Back Story - Washington Times

Business groups are daring President Barack Obama to impose pay caps on labor union bosses in light of indications the White House will limit how much corporate executives can be paid.

President Obama has argued “corporate greed” has contributed to the economic crisis and appointed a “compensation czar” to review executive pay for several companies receiving taxpayer bailout money Wednesday. Now White House officials have told the press legislation should be enacted to limit executive pay in private companies through nonbinding shareholders votes.

Some American Trade Union leaders may be paid a lot, but to even suggest that such people have engaged in wholesale theft, in the manner of much of the corporate elite in the banking sector, is hilarious.

No comments: