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   Dan Savage, the brilliant and foul-mouthed sex columnist, has become one of the most important ethicists in America. Are we screwed?
 The federal government is supposed to issue new rules about debt levels for students in for-profit colleges. In the meantime, the states are working on their own regulations.
 Washingtons budget hawks want to decimate the federal workforce to shrink the deficit. It will have the opposite effect.
 There arent nearly enough counterterrorism experts to instruct all of Americas police. So we got these guys instead.
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November 12, 2005
By: SUNLIGHT = DISINFECTANT....Barney Frank has introduced a piece of legislation that I like. Executive compensation has been taking a bigger and bigger bite out of corporate profits over the past decade (up from 4.8% of profit in 1993 to 10.3% in 2003 just for the top five executives at the average company), and he thinks that companies ought to be a wee bit more open about who's getting all this dough. To that end, he's proposed a bill that does nothing at all to tell corporations how much they can pay their executives, but does force them to be open with shareholders about how much they're shelling out. His bill would require publicly traded companies to:
There's also a provision that would allow shareholders to block pay plans they don't like, but it's the disclosure provisions that I think are the most important. It's another example of the empowerment theme from the current issue of the Monthly that aims to "shift power from corporations to individuals." In some cases, merely forcing companies to provide more information is enough to make a dent in a problem. On the executive pay front, which is a national scandal, Frank's bill is a good start. —Kevin Drum 1:17 PM Permalink | Trackbacks
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