Tuesday, August 4, 2009

Myrick say 'no' to shareholder advisory vote for executive pay

Posted By on Tue, Aug 4, 2009 at 10:30 AM

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.

click to enlarge myrick-no-exec-pay.png

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

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