McCain Calls For End To The Type Of Golden Parachute His Own Economics Adviser Got

TPM Election Central

By Greg Sargent – September 22, 2008, 11:51AM

In a speech on the economy today in Scranton, PA, John McCain spat populist fire as he railed at the high executive compensation and golden parachutes enjoyed by top Wall Street executives. From the prepared remarks:

The firms we help need accountability too. We cannot have taxpayers footing the bill for bloated golden parachutes like we see in the Lehman Brothers bankruptcy, where the top executives are asking for $2.5 billion in bonuses after they ran the company into the ground. The senior executives of any firm that is bailed out by treasury should not be making more than the highest paid government official.    Source Article