10/14/10

Secret CEO Bonuses

Congressman Kasich has a plan to outsource job creation to out-of-state executives – and give them secret, taxpayer-funded bonuses.

In Congress and on Wall Street, John Kasich made millions while voting for unfair trade deals and personally signing off on a policy of outsourcing our jobs. H.R. 4444, Roll call vote #228, 5/24/2000.
H.R. 3450, Roll call vote #575, 11/17/1993.
Invacare Annual Reports to Shareholders, 2005-2010.
Now, Congressman Kasich proposes outsourcing job creation to out-of-state corporate executives. Akron Beacon Journal editorial. “Privatize the state Department of Development? John Kasich says yes. Ohioans should ask questions.” 8/19/2010.
Under Kasich’s plan, there will be no limits on CEO pay, and Kasich has bragged about giving the CEOs undisclosed bonuses – all with taxpayer funds. Kasich JobOhio Announcement, 8/17/2010. Viewed via Ohio Capital Blog.
Congressman Kasich’s plan is modeled after scandal-ridden agencies in other states, including Michigan and Florida, which have been criticized for rampant ethics violations, waste, fraud, and corruption. Akron Beacon Journal editorial. “Privatize the state Department of Development? John Kasich says yes. Ohioans should ask questions.” 8/19/2010.
Gantert, Tom. “Lawmaker Says ‘Willful Neglect’ Is the Rule at Embattled State Agency.” Michigan Capitol Confidential, 4/27/2010.
St. Petersburg Times editorial. “Enterprise Florida Inc. should answer to the public about its questionable decisions and bookkeeping.” 7/6/2001.

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