Executive Pay

In 2009, CEO worked on a bill (H.B. 5922) that would have prohibited companies that discontinued pension programs and that pay excessive compensation to its officers from receiving state assistance.

"Excessive compensation" was defined as annual compensation that is greater than 25 times the annual compensation of the lowest paid employee in that company.

The bill was never voted on in committee which is very unfortunate given that in 2007, CEOs in the United States took home an average of $10.5 million, 344 times the take home pay for typical American workers and 866 times as much as minimum wage earners. Perhaps the greatest injustice of all is that average Americans are subsidizing executive pay excess in the amount of $20 billion a year which is more than double what the federal government spent on educating children with disabilities in 2008.