Political Quotes

Jeff Bingaman: “I think people tend to lump all these issues together, understandably, because they are all part of a very much larger…”

On the recordJune 25, 2002
I think people tend to lump all these issues together, understandably, because they are all part of a very much larger problem. One is the inadequate protection of the retirement savings of workers. Another issue is the inequity in compensation between the top officials of some of these corporations and the average worker. A third is the very unfair severance package arrangements that are made when some of these companies go bankrupt. How does it happen that the top officials wind up getting severance packages, in spite of the financial difficulties of the company, while the people at the very bottom get virtually nothing?
Said by
Jeff Bingaman
Democratic · New Mexico
Source
govinfo.gov

Editor's note · Context

Addressing concerns about corporate compensation and retirement savings.

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