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.

Share

More from Byron Dorgan

Feb 2, 2016

It is a travesty! Further, it is a problem that will continue to have negative impacts for generations to come.

congress.gov
Feb 2, 2016

What you and members of this Committee can do and will do by putting the spotlight on this spot will save lives.

congress.gov
Feb 2, 2016

I know that everyone sitting at this table has a passionate desire to fix these problems.

congress.gov
Feb 2, 2016

Senator Byron Dorgan's 68-page Report of 2010 addressing the critical conditions of all the Great Plain's Regional IHS was brought to the attention of McSwain.

congress.gov

Other voices in this conversation