Barney Frank on Who Gets the Say on Executive Pay

CNN Money: A U.S. House panel on Tuesday began consideration of a measure setting new executive compensation standards for U.S. firms, one of the first substantive steps in Democrats’ broader regulatory overhaul efforts.



The House Financial Services Committee, chaired by Rep. Barney Frank, D-Mass., started debating a measure that would give shareholders a greater ability to weigh in on compensation packages and would ensure that board compensation committees are made up of independent directors.