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Donald Trump calls soaring CEO pay a 'disgrace' as he discusses tax plan
Source: Reuters
Donald Trump calls soaring CEO pay a 'disgrace' as he discusses tax plan
Reuters in Washington
Sunday 13 September 2015 20.59 BST
The Republican presidential frontrunner Donald Trump on Sunday said high salaries paid to chief executives were a “joke” and a “disgrace”, often approved by company boards stacked with friends of such CEOs.
In a display of the populist rhetoric which has accompanied strong words on immigration and other Republican candidates during his rise to the top of the polls, Trump also said his tax plan, to be unveiled in the coming weeks, would cut taxes for the middle class and corporations, “but for the hedge fund guys, they are going to be paying up”.
The real estate mogul, who has said he plans to use his net worth of $8.7bn to fund his White House campaign, said in an interview with CBS that it was hard to tackle the question of corporate pay because too many corporate boards lacked independence.
“It’s disgraceful,” he said. “Sometimes the boards rule but I would probably say it’s less than 10%; and you see these guys making enormous amounts of money. It’s a total and complete joke.”
In particular Trump mentioned Macy’s, which in July stopped selling his menswear line after he described migrants from Mexico as drug-runners and rapists.
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Reuters in Washington
Sunday 13 September 2015 20.59 BST
The Republican presidential frontrunner Donald Trump on Sunday said high salaries paid to chief executives were a “joke” and a “disgrace”, often approved by company boards stacked with friends of such CEOs.
In a display of the populist rhetoric which has accompanied strong words on immigration and other Republican candidates during his rise to the top of the polls, Trump also said his tax plan, to be unveiled in the coming weeks, would cut taxes for the middle class and corporations, “but for the hedge fund guys, they are going to be paying up”.
The real estate mogul, who has said he plans to use his net worth of $8.7bn to fund his White House campaign, said in an interview with CBS that it was hard to tackle the question of corporate pay because too many corporate boards lacked independence.
“It’s disgraceful,” he said. “Sometimes the boards rule but I would probably say it’s less than 10%; and you see these guys making enormous amounts of money. It’s a total and complete joke.”
In particular Trump mentioned Macy’s, which in July stopped selling his menswear line after he described migrants from Mexico as drug-runners and rapists.
[font size=1]-snip-[/font]
Read more: http://www.theguardian.com/us-news/2015/sep/13/donald-trump-ceo-pay-tax-plan
8 replies
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= new reply since forum marked as read
Last edited Sun Sep 13, 2015, 06:36 PM - Edit history (1)
He's showing they can't generate excitement for corporatism, which is what their billionaire sponsors insist upon.
Unfortunately, he's also showing that belligerence and nativism still work for the Republican base.
But maybe that doesn't help them either?
There's a sucker born every minute.
It's not like you owe anyone an explanation of what you are really thinking.
