Executive Pay? Cut Away

Oct 21, 2009 3:30pm

The New York Times is reporting that the Obama administration plans to order deep cuts in executive compensation at companies that have received federal bailout funds – a move that draws broad and strong public support in our latest poll.

Seventy-one percent in our ABC News/Washington Post survey support the idea, and 58 percent support it strongly.

Unusually in these times, there’s majority agreement on the move across political and ideological lines, albeit to different degrees. Supporters include 79 percent of Democrats, seven in 10 independents and 62 percent of Republicans. (“Strong” support, however, slips just under half among Republicans.) Likewise, 61 percent of conservatives support the idea, rising to 72 percent of moderates and 83 percent of liberals.

Even among better-off Americans, those with household incomes over $100,000 a year, 68 percent support limiting executive pay at these companies. Then again, the affected salaries presumably are more than a little above the $100,000 level.

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