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Politics : Stockman Scott's Political Debate Porch
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To: jjkirk who wrote (6137)9/11/2002 6:04:31 PM
From: Raymond Duray  Read Replies (1) of 89467
 
BIDNESS: CEO Pay Pilloried --FRB's Wm.McDonough tries moral suasion to curtail CEO abuses
chicagobusiness.com
Quote: ``Beginning with the strongest companies, CEOs and their boards should simply reach the conclusion that executive pay is excessive and adjust it to more reasonable and justifiable levels,'' said McDonough. ``Should there not be both economic and moral limitations on the gaps created by the market-driven reward system?''

``We must recognize that the leadership of the American economy has made a large number of American citizens, and countless more around the world, question our judgment and/or our ethics,''

With the benefit of hindsight, the policy of vastly increasing executive compensation was also ``terribly bad social policy and perhaps even bad morals,'' the central banker said.

Treasury Secy.O'Neil may come to regret these words if applied to the world's most powerful CEO, as the world wakes up to GWB's malfea'ance and moral turpitude: ``I think people who abuse our trust, we oughta hang them from the very highest branch.''

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jjkirk,

Re: you are wasting your breath on me. Let us part with civility.

I am not wasting my breath on you, sir. I am countering your argument for the sake our readers. It is their moral compass I wish to provide steerage for. Your's apparently is not to be swayed by fact or moral suasion.

Re: I remain, under God,

Don't get me started on how much hideously murderous human behavior has been justified over time in the name of some silly sky-gods.

-Ray
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