you know we're battling back and forth and financial reform in we've got some important
parts that have been taken out a ready and in almost every single instance the white
house has been in favor of
uh... less reform not more reform has been on the side of the banks not on our side
there are some exceptions to that based claim that they're so unfavorable block or role
that's good day claim to their salt favor the consumer protection agency that's good
but on everything else tour evidence uh... splitting up the banks et cetera no no no
but one issue debate had were theoretically clear
and what our side on
is
whether shareholders can affect
uh... that pay of the c_e_o_ an exact
cole gets a star on the poor
i think about that
how can you possibly be against that
if you're a republican or democrat conservative or liberal
shouldn't the owners of the company that shareholders
have something to say
about c_e_o_ performance and poor performance
of course they ship
there though owners
right so there is a park in the bill does is going to pass the senate and house
so there's no issue there's no
conflict on this and there is no need for a controversy uh... investors have a proper
will have a proxy access
the corporate decision making process because the spill
except
just got taken out
now wait a minute at the house and senate both agree in the past
strong aversion why do you think about
because the white house came in
and said no no no no
valerie jarrett who works uh... who with the business roundtable she's at the white house
but she's either the liaison to the business roundtable
we don't like that in their that might affect c_e_o_ pay
we like them being overpaid
we don't want the owners of the companies that any say in who actually runs that companies
and how much they get paid
we're gonna have to take that out
now the business roundtable doesn't have to give a damn about business date if you have
to understand different lobbyists for the for organizations this organization
isn't concerned about how well the company's this is a lobbyist group for the executive
for the c_e_o_s
gather a lot of money from those folks who've been gathered a from the people who should
have gone to the owners of the companies that gerald
and a funnel it to the politicians and the politicians cover there
the perfect little system except for you or not
i mean when you see this and they did they did not make the grade at chris out in the
senate in
forward in a different profession that says oh
shirish area of course would love to protect children as long as they have five percent
of the company at least
effective you know anything about this other side martin works and how public or braces
work
you know almost no one
has five percent of the company so all broken up in this much smaller parts
like for example newscorp is only two people with a book more than five centrist rupert
murdoch
and prince alle halloween
bin talal
now but what does happen is
their giant pension funds that invest in all these companies and they're large state has
up to a half a percent which is a enormous amount of money with some of these corporations
those people would get to have a say then in
c_e_o_s in an exact his pay
and whether they should be higher than what the board should right
obama's cell the bottom line on this is very clear at saint will
opa mock was at total and order liar during the campaign
aren't is
i'm being really software i wanna savings that are much uglier
it would he told you that he was going to bring you change he was messin
okay he he was playing in for soccer
myself well i don't want to add guy got the quarter mile back by the literally i think
about
accorded a part of my wallet show the people whatever they want
he said during the campaign
ido apply the same old washington games i wanna play below baruch
alec
player apples i got i was gonna bright rock and roll it at the idiots
it gets in office
he was play the same old washington games although i guess i know it's corporate c_e_o_'s
are going to go
and i go and take that out come on now those guys contribute to us that they're good guys
we have been carpets with
cocktail apart in the country they were that's how we get elected
this is nothing but a one hundred percent wholesale sellout
not only to corporate it this is actually not even in the interest of those corporations
but to the c_e_o_'s who were robbing the corporations blind let alone the taxpayers wind which or
baba indict or also helped lead
they're not on our side