Political Quotes

“Let me just say first in response to the Senator from Iowa's comments about the compensation levels of certain executives, No. 1, the Grassley previous amendment only applied to cost-type contracts; it did not apply to fixed-price contracts. When you negotiate a contract and say, here is the price we are going to pay you, it is a fixed price, and you produce the product for this price, we do not really care who you pay or how much you pay, just as long as you give us the product at this price. So they can pay their executives anything out of that as long as they deliver the product as per the price. Also these companies that have been listed by the Senator from Iowa, many have very large and substantial commercial entities who are not limited at all to what they pay their executives on that. So to suggest that there is some error here, some problem here, I just do not think is accurate.”