In praise of reining in runaway pay
Lawrence Mishel
October 26, 2009
EPI President Lawrence Mishel hopes the recently announced plans to limit the pay of top executives working for firms that received bailout funds will help to end a longstanding game of "heads I win, tails you lose" that has enabled CEOs to prosper, regardless of the performance of their companies.
To critics of the government's plan, Mishel asks, "How is it over-reaching for the government to impose consequences for corporate behavior that nearly toppled the nation's economy?"
The full text of Mishel's commentary for NPR can be read here.
RELATED PUBLICATIONS
- News from EPI: Zero job growth ominous start to Labor Day weekend
- News from EPI: EPI outlines 11 effective job creation proposals
- Putting America back to work: Policies for job creation and stronger economic growth
- Unemployment rate remains extremely high
- America, you are being told to tough it out
- News from EPI: A plan to put hundreds of thousands of people back to work now: “FAST!”
- FAST!: An infrastructure program to repair public schools
- News from EPI: Statement of EPI President Mishel on Rep. Schakowsky’s proposed jobs legislation
- Two-and-a-half years of a job-seeker’s ratio above 4-to-1
- The debt ceiling deal’s net impact on jobs
- See more publications about: Bailout Analysis Economic Performance Public investment
Sign up to stay informed