05/22/2011
https://www.congress.gov...
"I hope that Executive Order does not see the light of day, and I hope you will be effective in your advocacy to the White House on that point."
"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."
"I do not think we foresaw how sharply executive compensation would rise."
"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..."