Rep. Scott: Shareholder Vote on Executive Compensation Act

The House debates the Shareholder Vote on Executive Compensation Act. The bill, introduced by Rep. Barney Frank (D-MA), will require that public companies ensure that shareholders have an annual nonbinding vote on their company's executive compensation plans. It also requires a nonbinding advisory vote if the company awards a new golden parachute package while simultaneously negotiating the purchase or sale of the company. Rep. David Scott addresses the merits of the bill.

Category:

News & Politics

Tags:

• Democrats
• Congress
• Executive
• Pay
• Conpensation
• Shareholders
• Golden
• Parachutes

[jonahansen]

It has nothing to do with raising taxes, or setting compensation amounts. It is about letting shareholders PARTICIPATE in that process as they are supposed to be able to. It prevents boards from stealing shareholder's power.

[thereallurker]

I don't see anyone raising taxes, but if they do reverse the bush tax cuts for the rich that will help the middle class since they won't be stuck with the collosal debt bush has provided us.

[SparklestheClown]

Bla,Bla, - why don't you quit trying to grandstand, and do your jobs.

[michaelispan]

global warm?

[Goadhatesmyspace]

Are you saying its a bad law because it is supported by democrats? If that is the case, then you would be quite partisan. By the way, rasing taxes is a good alternive to going into debt from paying for a two front war and devauling the american dollar.

[schratboy]

Great! The surrender party haggles over executive compensation while they themselves are paid handsomely and do absolutely nothing. Except for increasing the taxes we all pay. Creating more useless laws which we must live under. And weakening our military and undermining our global warm on terror...