Wednesday, March 18, 2009

Time cites NRSC attack on Dodd over AIG bonuses without noting that several GOP senators reportedly opposed executive pay restrictions

Media Matters - Time cites NRSC attack on Dodd over AIG bonuses without noting that several GOP senators reportedly opposed executive pay restrictions: "Time's Jay Newton-Small asserted that Sen. Chris Dodd's proposal for a 100 percent tax on AIG bonuses, 'may have been overcompensation, so to speak, on Dodd's part,' adding, 'The National Republican Senatorial Committee was quick to point out that Dodd had amended the stimulus plan to make a specific 'exception for contractually obligated bonuses agreed on before Feb. 11, 2009.' ' But Newton-Small did not point out in response to the NRSC's attack on Dodd that several Republican senators reportedly said in February they oppose any government restrictions on executive compensation.Time's Jay Newton-Small asserted that Sen. Chris Dodd's proposal for a 100 percent tax on AIG bonuses, 'may have been overcompensation, so to speak, on Dodd's part,' adding, 'The National Republican Senatorial Committee was quick to point out that Dodd had amended the stimulus plan to make a specific 'exception for contractually obligated bonuses agreed on before Feb. 11, 2009.' ' But Newton-Small did not point out in response to the NRSC's attack on Dodd that several Republican senators reportedly said in February they oppose any government restrictions on executive compensation."

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