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Monday, September 29, 2008

Obama Knocks Overpaid Executives

Filed under Barack ObamaFiled under EconomyFiled under Television Ad
Posted at 4:00 PM
Click here to watch "Parachutes."

Barack Obama continued his economic offensive this afternoon, taking up a topic which he has hit on before (subscription) -- executive pay.

"Parachutes" (subscription) notes that the CEO of Washington Mutual, a bank that collapsed last week, "could walk away with $19 million." It then goes on to point out that one of John McCain's economic advisers, Carly Fiorina, received $42 million when she was fired from Hewlett-Packard in 2005. Footage of Obama at a town hall shows him decrying the practice as "an outrage": "You’ve got corporate executives who are giving themselves million dollar golden parachutes and leaving workers high and dry. That’s wrong."