Trump: Hedge Fund Managers Are ‘Going to Be Paying Up,’ CEO Pay ‘Total and Complete Joke’

Sunday on CBS’s “Face the Nation,” Republican presidential candidate Donald Trump said hedge fund managers who are contributing to Democratic presidential candidate Hillary Clinton and Republican candidate Jeb Bush are “going to be paying up” under his tax plan. He also said corporate boards appointing friends as CEO and paying them very well is “disgraceful” and “a total and complete joke.”

On hedge fund taxes Trump said, “Well, I just used that as the example because I know these guys they’re all supporting Jeb Bush and Hillary Clinton. It’s funny when I hear them talking we’ve got to stop this and this they don’t mean it because they’re totally controlled Hillary and Jeb in particular totally controlled by the hedge fund guys and the Wall Street guys. But hedge funds in particular — they pay very little tax. That’s going to end when I come out with my plan in about three weeks, could be sooner than that. We have an amazing tax plan. We’ll reducing taxes for the middle class but for the hedge fund guys they’re going to be paying up.”

On CEO pay Trump said, “Well, it does bug me. It’s very hard if you have free enterprise system to do anything out it. The boards of companies are supposed to do it. But I know companies very well and the CEO puts in all his friends. So you’ll take a company like, I could say Macy’s or many other companies, where they put in their friends as head of the company and they get whatever they want because the friends love sitting on the board. So that’s a system that we have and it’s a shame and it’s disgraceful. Sometimes the boards rule but I would say it’s probably less than 10 percent.  And you see these guys making these enormous amounts of money. It’s a total and complete joke.”

On his comments about Carly Fiorina’s face, Trump said, “First of all I was talking about per persona. She had tremendous bad luck. She did a bad job. Hewlett-Packard was a disaster. The company she was at before Hewlett-Packard was a disaster. Two disaster, now she’s running for president but of course she lost in landslide to Barbara Boxer. You know, to be honest with you, the problem we have we’re so politically correct that we can’t get out of our way. People make statements that all of a sudden the statements — I’m only talking about her persona, that she hasn’t done a good job in. You could call it the private sector, the companies, take a look at the record. Look at the Yale Law School — top man at Yale Law School came out with a raging report. She’s one of the worst executives in his memory in history running the company. You know what, maybe she is isn’t. but can we really take a chance. In my case, I made over $10 billion net, net, net, I’ve created a tremendous company. I have some of the greatest assets in the world and to be honest with you that’s the kind of mindset — I’m not saying that to brag I’m saying that’s the mindset that our country needs.”

Follow Pam Key on Twitter @pamkeyNEN


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