A Catholic Thought on the Bailout Power Grab
The Grayson-Himes Pay for Performance Act of 2009 is ostensibly designed to prevent corporations that receive bailout money from wasting it on undeserved bonuses and executive pay. Already passed (along party lines) by the House Financial Services Committee, this law would make it illegal to award executives with “unreasonable or excessive” compensation, and it specifies … Read more