Replies to post #11581 on Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

I've sent complaints to the Texas banking commision as well as Specifically targeting the State Representatives. I recently received this from John Cornyn.....two months after I sent the original email biching about the exec bonuses...but hey...I got at least a response from "someone".


From:
"[e-mail]" <[e-mail]>

Dear Sir:

Thank you for contacting me regarding the use of tax dollars to pay executive bonuses. I appreciate having the benefit of your comments on this matter.

I share your concern about taxpayer money being used to pay corporate bonuses and the lack of accountability and transparency in this decision. As you may know, a provision in the American Recovery and Reinvestment Act (P.L. 111–5)—which I opposed—allowed $165 million in bonuses to be paid to the executives of American International Group (AIG) after the firm received approximately $170 billion in federal funding. Hard-working, financially responsible Texans should not have to pay for the irresponsible behavior of corporate executives who abused their positions. These executives must be held fully accountable under the law.

Furthermore, it is imperative that all parties associated with the current financial crisis are aggressively investigated and that any corporate executives found to be involved in criminal activities are swiftly prosecuted. I intend to ensure that a thorough criminal investigation is conducted and that those responsible for violating any criminal laws of the United States are held accountable. It is because of their poor—and possibly criminal—business practices that American taxpayers and our nation’s economy are in jeopardy.

I appreciate the opportunity to represent the interests of Texans in the Unites States Senate. Thank you for taking the time to contact me.

Sincerely,

JOHN CORNYN
United States Senator





517 Hart Senate Office Building
Washington, DC 20510
Tel: [phone]
Fax: [phone]
http://www.cornyn.senate.gov