The Corporate and Financial Institution Compensation Fairness Act aims to give shareholders a vote on executive pay and bonuses. Specifically:
The House voted 237-185 to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions.
So, of course, Rep. Sue Myrick voted against the measure.
In other votes:
Myrick also voted ‘No’ on extending the ‘Cash for Clunkers’ program.
But, much to everyone’s surprise, she voted ‘Yes’ on two bills. Once for defense spending and another time to expand the power of the Food and Drug Administration.
Way to go, Sue. We knew you could find the other button if you tried.
In related news: Goldman CEO: Don’t show off
This article appears in Best of Charlotte 2009.
expanding the power of the FDA is a big no no in my book, and we dont need more more money to rebuild bridges in Afghanistan.
But she did at least vote no on the first 2.
50% — not too bad, not too good.