Monday, February 2, 2009
Still no word on whether or not Senator Bob Corker (R-TN) has put his support behind S 360, measure to limit executive compensation to $400,000 at companies that take federal bailout funds.
The legislation has been referred to the Senate Banking Committee for action with no co-sponsors to date. And as so it happens, Senator Corker sits on the Senate Banking Commitee.
Time for Corker to step up and throw his support behind this effort. I mean if the Corker Doctrine which holds that:
is to be taken seriously, it must be applied to Executive Compensation as well. And Bob Corker is just the man to do it.