European Stars and Stripes (Newspaper) - May 16, 1992, Darmstadt, Hesse Lummen dry William f. Buckle Congress has no Ous mess the pot Quot rep. Martin o. Sabo. Man. A i it thinks is a Tern fic idea it s Limel to Werirt utile compensation to a Revei he thinks s. Vim. Or figures that no corporate executive Mould earn a than the president of a he l United dates. Vrue it >---$200,000 per Vear. How to do that a Weil pass a a hat simulates no chief executive can earn More than 13 times vat paid to the lowest paid of Provee. W Hee a he mini mum wage that comes to $2 50.000 f i Ive no other problems that h. Ross Perot ten re a to solved give rep. Sabo a ring. In that Little formula Vou congest ust input win a Loose thinking you could Poss ibid introduce Eto question of Ultra High executive salaries. 1 the president s salary of $200.000 has been a me for 20 Vears. Twenty years ago the current Foliar it Worth $3.50. 2 the Point in serving As president in t to earn a me salary. People want to be president because Uherc Are things involved other than salary like Tor instances i million Worth of free and luxurious transportation runs free rent in a very Nice White House with free movies 3 implicit in the idea is that the importance of a in is reflected by the Salav earned. That is Loon eslami thought the result of which would make Michael Jackson the most important person on Earth More minor Tant say than Jonas Salk who developed the Folio vac Cine. A half dozen baseball players would be Worth More to society than the top half dozen nmn Oser novelists and poets. On top of which the sanctions recommended a a a rep. Sabo would be to forbid a corporation to deduct salary in excess of that $200,000. If a corporation found it had to pay $300,000 to get the services of critical ecu Tive Jones then the stockholders would he Nav inc More than the extra Hundred thousand which o Ltd Duc Tibie against profits. So How would the stockholders whose Money we o a talking about be helped rep. Sabo should go Home and take a vacation studying thought. We Are at the juncture so often reached in democratic society in which we go either in that direction toward state action or in another direction Coward social action in addressing a problem that is undeniably vexatious. Time Warner inc. Types get a dozen million dollars or so for screwing corporate arrange ments and devaluing the Stock there is resentment and anger not Only among stockholders but do Imone those who have an imperialistic sense of Justice. So one Way to go is to drop the problem m the Ian of Congress and have Congress Issue All kinds of Sabo Type instructions the net effect of which is to deprive stockholders of the right to make their own decisions another Way to go is to strengthen the interests m the stockholders but Reserve to them the right to Ltd a pay the chairman of coca cola co. $86 million. Pui Lii i of i. A i i c lil Quot. I Cuil Gnu liner ii. Mei la comp Ais. Lining Wen. . Ulius it Kigiu airy Altieci i a Turtle. a he nut. Ill v. A i i j . I m i i Usu put. Ltd to Pis \ a Coj u., til i c. Ice our Isicc i James j. Kilpatric balanced budget a a n e uni Iger once More the talk is of a Hai danced budget amendment to the t institution. This time regrettably the talk serious. This time the thing May pass at the risk of raining upon my brother conservatives Parade let me argue against this Well intended highly principled in workable Resolution. A similar proposal m 1986 failed by seven votes in the House v Only a single vote in the Senate in the present atmosphere of Pam. When voters Are Yelling at a cowering it on Gress the necessary two thirds majorities May be mustered. If so three fourths of the state Legislatures May subsequently e goaded into ratification. We could have27th amendment in close to record time but i Hope not. Heaven knows i o p danced Federal budget is needed we Haven to seen one for 22 years. Meanwhile the Congress with help from the while House has run a debt Thal now approaches $4 trillion. This debt vill e foisted upon the children arid grand. Ini Dren of the irresponsible people on. Have demanded it our annual on i one deficits Are i ten let. Ii a it a it n Ltd 111v my i a lev a Ltd i Une Onsen a it Idle a a a one a i.1&Quot, he sponsors a l ill Ion a o a i in. -1 i heir 11 it Ltd a ii a Quot it a a nor. I a a n he a old the president d Al. To. In enter e a a a a leaped on v 11 a 1 1 ent to do i e i l i i o Ltd n uses Uin ilm lie Lees. 1 Dill i lit i i i ill 1 a. S ent that tee pm o a. He is r it ii. A Ance a e no rest Lens n .11 a a a n i tie i lie. E a. In Mali t. \ not in a. E. E v a a i \. Ltd i. N i t Iii r a a it it a
