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June 21, 2010

Report: Admin Intervenes to Oppose Curbing CEO Pay
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The Huffington Post is reporting the Obama administration is opposing
measures that could lead to curbs on executive pay in congressional
talks on financial reform. Last week, the Senate stripped measures in
conference committee that would have affirmed regulatory authority to
give shareholders proxy access to corporate decision making. The proxies
would ostensibly allow investors to vote for limiting executive
salaries. Sources close to ongoing conference committee talks between
House and Senate negotiators say the White House pushed for the
provision’s removal after lobbying from the Business Roundtable, a lobby
of corporate CEOs.



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