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Congressman Brad Sherman On AIG Bailout


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Sherman makes sense. It doesn't surprise me that the large corporate media outlets are up in arms about the compensation issue when the people who run them stand to lose the most. Once we get out of this mess there should be caps on all executive compensation for ANY publicly held corporation based on a standard formula. Those million dollar a month salaries should be going to the shareholders.

It's obvious that starting in the 90s, corporate executives decided they deserved to be paid like rock stars or pro athletes. This is why the free market needs regulation.

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