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Outrageous CEO Salaries Are a Nationwide Scandal -- Where Are The Politicians?
August 25, 2008
Original publication: AlterNet
Date of publication: August 25, 2008
Politicians from both parties finally appear to be seeing which way the wind is blowing on this one. Last year, a Financial Times/Harris poll revealed that 77 percent of Americans think chief executives "earn too much." And that sentiment has likely intensified in 2008, with one banker after another walking away from the mortgage mess with overflowing pockets.
The presidential candidates have responded to public outrage over bloated CEO pay by promising to boost shareholder power over executive pay packages.