Go, Claire McCaskill: Cap the pay of Wall Street’s ‘idiots’
Claire McCaskillBy Yael T. Abouhalkah, Kansas City Star Editorial Page columnist
Go, Claire, go.
Missouri Sen. Claire McCaskill today got national attention for ripping into Wall Street executives and their excessive bonuses.
“We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer. They don’t get it… You can’t use taxpayer money to pay out $18 billion in bonuses.”
Then she backed up her tough talk with a proposed law.
She wants to limit compensation given out by any companies that accept U.S. bailout funds.
The limit would be the president’s current salary; Barack Obama makes $400,000 a year.
Sen McCaskill has certainly hit a nerve with her rant about ceos pocketing tax payer money for their own personal gain, while millions of workers are fired from their jobs. She is right to seek limits on their compensation, tying their pay to that of the president. What about here in massachusetts? Big humnan service vendors from massachusetts will be up at the state house this week asking for a share of the federal stimulus package. As you can see from there current pay:
Behavioral Health Network: Katherine B. Wilson, $173,102
Vinfen: Gary Lamson, $375,103
Riverside Community: Scott Bock, $194,400
Advocates: Wm. J. Taylor, $243,926
Justice Resource Institute: Andrew Pond, $243,866
Bay Cove: Stan Connors, $201,539
American Training: Thomas Connors, $143,472
North Shore ARC: Gerard McCarthy, $155,657
These ceos already make more then the gov. of massachusetts. Should we insist that if they get any of the federal bailout money, they should limit their pay to that of the gov?