Political Quotes

“Mr. Speaker, I thank the gentlewoman for yielding time to me. Mr. Speaker, this is one of those mundane issues that 95 percent of America doesn't understand. I didn't understand much about it a while back because I don't have any proxy advisers. I do have money in retirement funds. I do get those 100-page documents in the mail, saying, ``We are having a proxy fight and you should read it,'' in the smallest print possible, and I do what 95 percent of America does when I get those: I throw them right in the trash. Now, that doesn't make me smart. It just means I can't read through that stuff. I can't understand what they are doing with my pension funds. I kind of have to go on faith that they are not sticking it to me. That is what most of us do, and most anybody listening to this, that is the only thing they have to do with this issue. So I went out and found out what is a proxy adviser. Here is what it is. The pension funds--not always, but mostly pension funds--that invest my pension money do it all across the board. Many of them are small. Some of them are big. And when it comes time to reading those 100-page documents and the thousands of companies they invest in, they go and hire somebody to help them do it, a proxy adviser. They go through those documents with accountants and actuaries and give them advice. Not a demand--advice. Now, I don't know about you. I get advice from my lawyer on occasion. I get advice from my accountant on occasion.…”