06/16/2010
https://www.congress.gov...
"Thank you for that answer. I hope you will take a fresh look at it, notwithstanding everything you have said..."
"the President proposed abolishing the formula and replacing it with a cap that is equal to the pay rate for the government's most senior executives."
"The rules are there for a reason. It sometimes can be awkward or inconvenient to enforce them, but if we do not enforce them, then it encourages the bad actors to continue and does not reward the good..."
"I do not think we foresaw how sharply executive compensation would rise."