Political Quotes

Byron Dorgan: Why will we not get a vote on the simple proposition that those corporate leaders who run their corporation into…

On the recordJuly 15, 2002
Why will we not get a vote on the simple proposition that those corporate leaders who run their corporation into bankruptcy and who take $10, $20, $30, or $50 million out of it just prior to bankruptcy-- why will we not allow a vote on an amendment that would require them to disgorge themselves of that profit? Why should that ill-gotten gain not be used to help the employees, help the investors, help others recover, who lost everything? Why should one group in this circumstance walk off into the sunset with a pocketful of gold, leaving everyone in their wake, employees, investors, and others who lost everything they had? Obviously I am a little irritated about the process. It stinks. That is not a genteel way to say that.
Said by
Byron Dorgan
Democratic · North Dakota

Editor's note · Context

Addressing the need for a vote on an amendment regarding corporate bankruptcy and executive compensation.

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