So much for tea bags
On March 23 I wrote my representative, Mary Jo Kilroy, and sent her a tea bag (used):- "The behavior last week of Congress, particularly your Democratic colleagues, was outrageous. I was never so embarrassed to be a voting American. That Congress would propose a special tax to punish people with whom they signed a contract is beyond belief and beyond the Constitution. I suggest you all start reading all documents that affect our future and our economy. There is going to be a voter revolt."
She then started her own spin on executive pay--but I wasn‘t outraged about that, I was outraged about Congress' behavior in whipping up a frenzy over executive compensation. . . .
- the gap between what an executive earns versus his or her employees is out of control. . . Lavish executive pay reinforces the notion that executives and their boards of directors often act self-servingly and not in the interests of their workers and shareholders. Reforms are needed to encourage sound risk management, long-term growth and value creation - not only at individual firms, but for our financial system and the economy as a whole.
This summer, Congress will begin efforts to reform executive compensation. As a member of the House Committee on Financial Services, I will work to bring compensation practices more tightly in line with the interests of shareholders and reinforce the stability of firms and the financial system.

















