Episode Information
WWL: Jim Himes
Aired:
07/28/2009
Jim Himes worked on Wall Street for 12 years, and represents a district knee-deep in the nation’s financial mess.
Himes is on the House Financial Services Committee. It’s chairman, Barney Frank says the House will pass major regulatory reform of the financial system by this fall…and today, it takes up a plan to toughen rules for Wall Street executive pay.
Today, Where We Live, we’ll talk with Himes about financial reform, health care and the state of the economy.
It’s part of a summertime series checking in with our Washington delegation.
Links for this Episode:
Listener Email from Ed
Mr Himes,
I have a suggestion: merely require all executive bonuses to come from the profits the company declares as taxable. No taxable profits would mean that no bonuses could be paid.
If the bonuses can't be paid from after-tax profits, no bonuses are allowed.
Ed Culver