"Last month, President Bush signed into law what he glowingly described as the toughest corporate reform bill since the presidency of Franklin D. Roosevelt. But missing from this landmark legislation were any guidelines on excessive CEO pay.  Corporate greed and excessive executive compensation caused the demise of Enron, WorldCom and Global Crossing..."- John Gamboa and Cecil Murray, in 2002.  (Gamboa was executive director of the Greenlining Institute in San Francisco and a former member of the Federal Reserve National Advisory Council. Cecil Murray was the pastor of the First AME Church in Los Angeles and host of President Bush's Inner-City.)  (Read Full Post)