Idkal

According to Financial Week, Congressman Barney Frank, the Democrat who serves as the Chairman of the House Financial Services Committee, wants to limit executive pay of all companies:

Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.

“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.

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