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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (307523)10/24/2006 4:13:31 PM
From: combjelly  Read Replies (3) of 1573134
 
W 'astounded' at fat cat pay

WASHINGTON - President Bush said yesterday he's "astounded" by some of the astronomical salaries that corporate CEOs collect and thinks companies should rethink the practice.

"I don't think government should control salaries, but I would hope shareholders would take a close look at some of these compensation packages that they pay these corporate executives who are able to make money when the company is not doing well sometimes," Bush told CNBC's "money honey" Maria Bartiromo.

"I get astounded by the size of the pay packages," said Bush, who is paid $400,000 a year.

nydailynews.com
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