Dear friend,
Just before Silicon Valley Bank went under, top executives sold their stocks — making millions of dollars — and took six-figure bonuses. This is yet another example of bank executives putting their own personal profits above the bank's stability, and more broadly, of the need to regulate top executives.
I'm proud to be a leader on this issue. Last month, I led a letter questioning the role executives played in this collapse and advocating for real action on this issue. Additionally, I've introduced multiple bills targeting outrageous CEO pay levels, which are at the expense of workers and working families, and championed measures to ensure billionaires and corporations pay their share.
The bottom line is this: Executive greed has widespread consequences. It's a problem on every front, and we need to tackle it. Do you agree? [[link removed]]
From taxes to incentive-based structures to wildly disproportionate salaries to negligible tax rates, executives are profiting off of working people.
It's time to hold them accountable.
Best, Nydia
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