Bush Says No To “Say On Pay”

Law360, New York (April 18, 2007, 12:00 AM EDT) -- The Bush administration has expressed its opposition to the “say on pay” bill, urging lawmakers to give “recent enhancements” the chance to take effect before passing the proposed legislation on executive compensation.

On Wednesday, the White House weighed into the controversial executive compensation arena, issuing a strongly worded objection to the bill that was recently sent to the floor of the U.S. House of Representatives.

“The Administration does not believe that Congress should mandate the process by which executive compensation is approved,” the statement read....
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