News and Politics | October 25, 2008 | 17 comments

Kucinich to ask Congressional colleagues to take action against large bonuses on Wall Street

source: http://www.youtube.com/watch?v=c72mHGKD-Sw

SeaJade
"Ohio Congressman Dennis Kucinich tells CNN Headline News that he will ask fellow Members to explore ways to stop the flood of executive compensation and bonuses to top officials at Wall Street firms that benefited from the recent $700 billion bailout that he opposed."
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17 comments // Kucinich to ask Congressional colleagues to take action against large bonuses on Wall Street // Video

  • stopnoise
  • cantucwearebrothers
  • VoyagerFilms
  • huntre
    • 0
      huntre  

    • I have strong reason to believe that Kucinich will play a prominent role in an Obama administration.
      He says what he means and means what he says.

    • 3 years ago
  • blake_r
  • BlackWeirdo
    • 0
      BlackWeirdo  

    • Thank god for the two congressmen that voted "NO" on the bail out. Ron Paul and Dennis Kucinich make sense and propose a real "CHANGE"

    • 3 years ago
  • wlwatkins
    • 0
      wlwatkins  

    • You truth is that it is Bush's going away present to us, give the bastards(corporate oil whores) more money, they found a way to munipulate the economy, have us bail them out, weaken foreign countries......
      and hell set in motion some kind of elaborate plan.
      pelosi is dead deep in it.
      find out what her and her husband has investments in and wha-la!

      why else leave him in office?

    • 3 years ago
  • synclaire
  • WhiteNoise
  • lenhart
    • 0
      lenhart  

    • Small entrepreneurs are NEVER rewarded for their screw ups. When they miscalculate, no one offers them a bailout or a bonus.

    • 3 years ago
  • kadugen
  • cantucwearebrothers
  • wlwatkins
  • Marilynn_Murray
  • jc911truth
    • 0
      jc911truth  

    • Perhaps I'm just envious, but I think that CEO salaries are wildly disproportionate to the services rendered by the CEOs. A lot of companies nowadays seem to be able to run themselves for the most part, and don't really need the wisdom of a Solomon to help them turn a profit. I may be totally misinformed, but I don't think that a single individual can exert so much influence over the running of a company that he or she is worth multiple millions of dollars, plus bonuses and stock options, yearly. The corporate spinmeisters come up with all sorts of rationalizations and justifications for what I consider to be grossly excessive salaries, especially when the companies are losing money quarter after quarter, or are only marginally profitable. I'm not even going to get into cases like Enron or Worldcom and the duplicity, chicanery, dishonesty, fraud, misrepresentation, etc. that is connected with them. I'm not sure what could be done, short of across-the-board shareholder revolts, to fix the problem, but it strikes me as inherently unfair, especially to the rank-and-file workers, that there is such a disparity between the salaries of CEOs and the worker bees without whom the CEO wouldn't be worth a nickel, let alone millions. There needs to be more balance in compensation
      .

    • 3 years ago
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