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Tags: keith ellison | minnesota | corporate chief executives

Rep. Ellison Considers Regulations on 'Exorbitant' CEO Salaries

Rep. Ellison Considers Regulations on 'Exorbitant' CEO Salaries

By    |   Thursday, 17 May 2018 02:05 PM

Rep. Keith Ellison, D-Minn., said Thursday that regulations to address the disparity in pay between corporate chief executives and their workers would be a "very good idea."

The Democratic National Committee deputy was answering a question from Bloomberg’s David Westin, who asked, "Are you favoring the government actually regulating the relationship between CEO pay and the average worker?"

Ellison replied, "I think it is a very good idea, and I think we should start talking about it. This is a broad conversation that needs to, of course, take in policymakers like me," the congressman said. "But shareholders and investors need to be worried about this too because I do not think this leads to the overall health of the company. I think it takes care of a few people at the tip-top."

He went on to blast "exorbitant" salaries for CEOs, adding that pay differences between them and workers are "bad and extreme.

Ellison then blasted companies for using overseas labor instead of American workers.

"Other companies come back and say, 'Well, what about our workers overseas? They have a lower cost of living,'" he said. "That just means you are offshoring to places where the wages are low, the environmental protections are low, the workers’ rights are low, the human rights are low, so you can make a lot of money."

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Politics
Rep. Keith Ellison, D-Minn., said Thursday that regulations to address the disparity in pay between corporate chief executives and their workers would be a "very good idea."
keith ellison, minnesota, corporate chief executives
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2018-05-17
Thursday, 17 May 2018 02:05 PM
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