Is The GOP The Anti-CEO Party?

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Is John McCain trying to make headway with the activist investor community? Activists have been among have been among the vocal critics of lavish executive pay packages at public companies, and most of the biggest names among the activists favor Democrats in this election. (Carl Icahn, who said Barack Obama would be a terrible president, is an exception.)
Today John McCain is speaking to a small business conference on economic issues. He is expected to hit the usual Republican notes, calling for lower corporate taxes and opposing hiking capital gains taxes. But he's also going to take a shot at "excessive" corporate pay and severance packages.
"Americans are right to be offended when the extravagant salaries and severance deals of CEOs ... bear no relation to the success of the company or the wishes of shareholders," his prepared remarks released in advance of the speech say.
It's not just talk. He's going so far as to endorse the hardest versions of the "say on pay" proposals that would require shareholder approval of a CEO's pay.
"If I am elected president, I intend to see that wrongdoing of this kind is called to account by federal prosecutors. And under my reforms, all aspects of a CEO's pay, including any severance arrangements, must be approved by shareholders," he will say.
McCain wants low corporate taxes, regulated CEO pay [Reuters]

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