Political Quotes

“Mr. Chairman, I rise today to offer an amendment to direct the General Accounting Office to conduct a study of CEO compensation for defense firms that have 75 percent of their business or more with the Department of Defense. The impetus of such an amendment is what I find in my district and I think what I find throughout this country, which is that in the face of downsizing of defense contracting, there are thousands of production workers who are being laid off, there are companies which are sometimes halfheartedly trying to embrace conversion attempts, and in contrast to these dire circumstances, there are many senior executives who are receiving extraordinary compensation. Mr. Chairman, before we go ahead and draw conclusions one way or the other, I think it is appropriate, indeed necessary to have a report done objectively by the General Accounting Office, to look at compensation, to correlate it with complementary civilian-type companies, to look at efforts in these companies for conversion activities, to look at the effect on production workers versus the effect on the executive officers.”