Could [Obama's] public attack on sky-high financial pay have ripple effects on executive compensation in other industries?
If history is any guide, the answer is yes. A President, if he chooses the right moment to act, can have enormous impact on public attitudes. In this case, if Obama chooses to make an example of highly paid financial executives, it could make it a lot easier for shareholders and directors. |
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At www.businessweek.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
