Claire McCaskill on Corporations

Democratic Sr Senator; previously state Auditor

Limit TARP recipients' executive compensation to $400,000

From the beginning Wall Street compensation was a big headache. The same firms that had driven the country into a ditch were still lavishing billions in bonuses on their employees, with the excuse that this was necessary for retention of valued executives. The American public wasn't buying it, especially from those banks receiving taxpayer money through TARP. Obama wasn't either. Nine days after entering office, he blasted the 2008 bonuses as "the height of irresponsibility."

Claire McCaskill had a bill to limit executive compensation to the president's salary, $400,000, for executives of firms receiving federal money. She got some rhetorical support from the president. But Geithner pushed back hard, arguing that the bill would make it difficult to get banks to cooperate with the administration's plans.

Source: The Promise: Obama Year One, by Jonathan Alter, p.309-310 , May 18, 2010

Rated 86% by UFCW, indicating an anti-management/pro-labor record.

McCaskill scores 86% by UFCW on labor-management issues

The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.

American Jobs Act (+)
Balanced Budget Amendment (-)
Rejecting Cut, Cap, and Balance (+)
Repeal Health Care Law (-)
Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
Trade Adjustment Assistance Extension Act (TAA) (+)

Source: UFCW website 12-UFCW-S on May 2, 2012

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Page last updated: Apr 21, 2013