Mike Huckabee Would Use The Power Of Government To Regulate What CEO’s Are Paid
He uses a bit of rhetorical sleight of hand to try and mask his rather populist position on this issue (if you can call how private companies choose to compensate their employees an “issue”) by saying that he’d only have the government get involved if the boards of certain companies don’t do the right thing, but I’m not buying it. Mike Huckabee is not a free market guy. He’d punish companies for paying compensating at levels he, personally, finds objectionable.
This is from an interview between Huckabee and CNBC’s John Harwood (video at the link):
HUCKABEE: It’s a combination. It’s when one person losing his job who helped make the company successful and the person who steers the company either into bankruptcy or selling off it in pieces is taking that golden parachute of several hundred million dollars. I mean, there’s just something wrong about that, and every American knows it, whether he’s at the top or bottom. What the government ought to do is, first of all, call attention to it, put some spotlight on it. I don’t think it’s about coming up with some new regulation. Corporate boards ought to show some responsibility. If a board allows that kind of thing to happen, shame on that board. And I would hope that it wouldn’t necessitate additional laws and regulation because usually when you get into regulation, it just gets worse and it makes it [an] even bigger problem than you had to begin with.
HARWOOD: So you wouldn’t actually do anything about it as the head of the government? You would simply use the pulpit to talk about it?
HUCKABEE: That would be the first line of maybe offense, perhaps John. And then what I would like to see is the corporate board showing responsibility with an understanding that if they don’t start showing some responsibility, then they’re going to end up forcing government to take action, which is the worst thing that could happen and it only exacerbates a problem rather than actually solves it.
Someone who was actually conservative on fiscal issues would agree that private companies should be able to compensate executives at whatever level they see fit. But Mike Huckabee is no fiscal conservative, which is exactly why he shouldn’t be the GOP’s nomination for President.
Being a conservative means more than being pro-life and anti-gay marriage.



