Wednesday, February 4, 2009

Australian Green Party calls for Obama-style executive salary caps


Technically, it's a Bernie Sanders style executive pay cap, but it's still funny.

The Greens are urging the Federal Government to follow the United States in limiting the salaries paid to the top executives of companies that are bailed out by the Government.

(snip)

Greens leader Bob Brown says he has tried four times to get similar legislation through Parliament, but has been blocked by the major parties.

"I'll be putting pressure on the Government again to act in the wake of Obama to cut back on some of the obscene packages that we have seen in recent years," he said.

"Particularly from those corporations like the banks which are receiving assistance from the tax-payers through the Government in measures that we are seeing going through this Parliament at the moment."

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