Bush Blasts High Salaries for Corporate Chiefs
RENEE MONTAGNE, host:
Our last word in business comes from George W. Bush.
The president made an unannounced visit to the floor of the New York Stock Exchange yesterday. He scolded corporate America for the lavish compensation paid to its chief executives. CEO pay is making headlines because it's reached - well, the stratosphere. Mr. Bush says, "America's corporate board rooms must step up to their responsibility." That's a quote. Still, the president said the government shouldn't force executives to give up their perks and high pay.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
(Soundbite of music)
STEVE INSKEEP, host:
And I'm Steve Inskeep.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.