Rochester, NY 8/22/2009 7:30:55 AM
Comcast Corporation CMCSA ,Comcast spent $3.3M in the second quarter
Comcast Corporation
Comcast Corp. spent almost $3.3 million in the second quarter to lobby Congress on executive pay, sports programming and other issues, according to a recent admission report.
The nation's largest cable operator on the Excessive Pay Capped Deduction Act of 2009, a bill that would stop tax deductions on excessive compensation given to any employee. Excessive pay is defined as any amount above 100 times the average employee's compensation at the company.
The Income Equity Act of 2009, another bill that seeks to control executive pay by limiting tax deductions on pay greater than 25 times the compensation of the company's lowest paid worker or $500,000, whichever is greater.The company also lobbied on the Shareholder Bill of Rights Act of 2009, which would let shareholders vote annually to approve
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