Political Quotes

On the recordJuly 10, 1997
We thought we put a cap in place, I say to my friend, and yet we know in one company, executive No. 1--and we will not identify that individual--in one defense company, earned $4 million in 1 year, nearly all from taxpayers. Executive No. 2, $3.9 million, executive No. 3, $2.3 million, executive No. 4, $2.3 million, executive No. 5, $2.2 million, for a total among those five executives of $14.8 million. I ask my friend from Iowa how he thinks the people in Iowa would react when they learn that 1 executive got over $4 million in one calendar year, in a year when, by the way, there were layoffs in that company; if he could answer that. And also talk to me, if he would, about the committee's proposal which they say would limit pay to $350,000--if the Senator agrees with that. If he could give me the reaction and then his opinion on the committee's plan.
Said by
Barbara Boxer
Democratic · California

Editor's note · Context

Discussing executive compensation in defense companies during a Senate floor debate.

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