Report: Obama Sees Executive Pay as Next Financial Reform
October 26, 2012
Originally posted on Scotty Starnes's Blog:
Because as most Socialist believe, “at a certain point you’ve earned enough.”
WASHINGTON (Reuters) - President Barack Obama said in an interview released on Thursday that the next important step for making the financial sector safer is to make sure executive pay is less closely tied to risky bets.
Do these risky bets include a President who wastes taxpayer dollars on a green energy scheme that pays back his bundlers who immediately file for bankruptcy? How about those risky bailouts of banks and car companies that caused taxpayers to lose hundreds of billions?
In an interview to be published on Friday in Rolling Stone magazine, Obama said that despite passage of Dodd-Frank financial reform legislation, there is more to be done to make financial markets safe after the damage caused by the crisis of 2007-2009.
“The single biggest thing that I would like to see is changing incentives on Wall Street and how people get compensated,” Obama…
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