Rep. Brad Miller Official Website header

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OCTOBER 6, 2006
press release
"Miller To Receive Community College Member of the Year Award"

SEPTEMBER 22, 2006
press release
"Miller Announces Grant for Rockingham County to Fight Gangs Through Education"

SEPTEMBER 21, 2006
press release
"Miller Votes to Strengthen U.S. Border Security and to Detain Illegal Immigrant Criminals"

SEPTEMBER 11, 2006
press release
"Miller Recognizes Spirit of Service and Resilience on Fifth Anniversary of September 11th"

JULY 20, 2006
video / press release
"Miller Questions Federal Reserve Chair About Pay Inequality"

JULY 13, 2006
press release
"Miller Supports Reauthorization of Voting Rights Act"

JUNE 20, 2006
floor speech
"Bring Back Pay-As-You-Go Budget Rules"

JUNE 15, 2006
floor speech / press release
"Miller Takes a Stand on Iraq War Resolution with an Unprecedented 'Present' Vote"

MAY 25, 2006
press release
"Miller Joins Fellow Democrats in the Call to Shine a Spotlight on Inflated Corporate Executive Salaries"

MAY 10, 2006
floor speech-video / press release
"Miller Supports Technology Incentive to Help Lower Gas Prices"

APRIL 19, 2006
press release
"Miller Calls on Education Secretary Spellings to Release Reports"

MARCH 9, 2006
press release
"Miller and First Lady Laura Bush Present Historic Preservation Awards"

FEBRUARY 14, 2006
floor speech
"FY '07 Budget Testimony"

FEBRUARY 8, 2006
press release
"Miller Helps Unveil New Community College Caucus in House"

at a glance header
EMAIL CONGRESSMAN MILLER
E-MAIL

 WASHINGTON DC OFFICE
1722 Longworth Building
Washington, DC 20515
(202) 225-3032 office
(202) 225-0181 fax

 TOLL FREE
(877) BRAD HELPS
(877) 272-3435

 DISTRICT OFFICES
1300 St. Mary's Street, Suite 504
Raleigh, NC 27605
(919) 836-1313 office
(919) 836-1314 fax

125 S. Elm Street, Suite 504
Greensboro, NC 27401
(336) 574-2909 office
(336) 574-0607 fax

BACK TO PRESS RELEASES
FOR IMMEDIATE RELEASE
05.25.06

CONTACT: LuAnn Canipe, (202) 225-3032

Miller Joins Fellow Democrats in the Call to Shine a Spotlight on Inflated Corporate Executive Salaries

Washington, DC - Congressman Brad Miller (NC-13) joined fellow Democrats on the House Financial Services Committee today to force a hearing on executive compensation which has been skyrocketing as pay and pension plans for workers continue to dwindle. Today’s hearing coincides with the criminal convictions of former Enron executive Ken Lay and Jeffrey Skilling for conspiracy and fraud that led to the downfall of the company.

“Working as a CEO in America is pretty good work if you can get it,” said Miller. “Now is the time to shine some light on the runaway corporate executive pay process.”

Congressman Miller is a co-sponsor of The “Protection Against Executive Compensation Abuse Act” which proposes full disclosure of top executive’s compensation and compensation policies. It also addresses the problem of CEOs collecting record paychecks while commandeering corporate failures. For example, US Airways CEO David Siegal collected $4.5 million upon leaving as the carrier faced it second bankruptcy.

Executive salaries have become symbolic of a huge divide in the American economy as many families struggle to pay $3 per gallon for gas, worry about frozen pension funds and wonder how they will pay rising healthcare costs.

According to the Corporate Library, the median CEO’s annual salary here in the US is $14 million. In Rockingham County the average weekly wage is $547 dollars. In comparative terms, the average CEO makes 492 times that of the average Rockingham County breadwinner.

The former CEO of Exxon Mobile alone -Lee Raymond -walked away from the company after 13 years of work with a $686 million compensation package which averages out to $144, 473 per day.

“These golden parachute packages often leave shareholders and consumers holding the bag,” Miller said.

. . .



 

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