Thursday, March 19, 2009

Dodd Does an About-Face on Exec-Comp Wording in Law - FOXBusiness.com

Woops!!!

Dodd Does an About-Face on Exec-Comp Wording in Law - FOXBusiness.com:

"Senate Majority Leader Harry Reid’s office said the Senator did not know who put the
exemption in the bill, but his staff was trying to find out who was responsible.
Sen. Dodd said on Wednesday that without excluding bonus contracts already
agreed to, the executive pay limits could have met significant legal challenges.
Many legal scholars have said that breaking such bonus contracts would be
unconstitutional.


Sen. Dodd also said no one ever brought up AIG bonuses when writing the exemption into the bill. AIG donated more money to Sen. Dodd during the 2008 election cycle than to any other candidate, according to OpenSecrets.org."


But no conflict here. Dodd has been a major problem for years! Time to quietly resign.

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