Obama Administration to Seek New Power for SEC on Executive Pay – Bloomberg.com.
Today’s proposal, subject to congressional approval, would cover all public companies. President Barack Obama has long supported giving shareholders nonbinding votes on bonuses, salaries and severance packages. The administration also will name a “special master” to monitor compensation plans for firms receiving exceptional assistance in the financial rescue.
Geithner is a terror, and backed by Obama? We’re in serious trouble. Why can’t these people see the damage they’re doing to American progress. We’ll soon see the proof. Some people just need many lessons to learn, and others like the current administration, never will learn if they haven’t now. We just need them out.