Obama administration needs a coherent approach on executive pay


Speaking on Bloomberg's "Political Capital with Al Hunt," White House senior adviser Valerie Jarrett (pictured) addressed the administration's approach to regulating executive compensation at TARP-supported companies. "There's a huge disconnect between what the average American worker receives in terms of compensation and some of what we're hearing about on Wall Street," she said. "We do believe that when the taxpayer monies are invested that compensation should be fair."

She then added, "Compensation should be aligned with the investors and the shareholders."