-- SUSAN --
IN THE RACE FOR U-S SENATE.
RUSS FEINGOLD HAS BEEN AFTER INCUMBENT SENATOR RON
JOHNSON FOR A PAYOUT HE RECEIVED AFTER HIS FIRST ELECTION.
-- ERIC --
DO HIS CLAIMS HOLD UP?
POLITICAL REPORTER JESSICA ARP HAS TONIGHT'S REALITY
RUSS FEINGOLD NOT ONLY ATTACKS JOHNSON AGAIN ON THE
PAYOUT FROM HIS PLASTICS COMPANY...
BUT HE NOW TIES THE ISSUE TO THE MINIMUM WAGE.
:02 you know, 700 thousand dollars in the scheme of
things is a pretty reasonable compensation level :07
ron johnson paid himself 700 thousand dollars a year,
all told he took a 10 million dollar corporate payout
then moved to washington ;16
THIS NEEDS CLARIFICATION.
WE'VE LOOKED AT THIS ISSUE BEFORE...
JOHNSON DID GET A PAYOUT FROM THE PLASTICS COMPANY
HE OWNED FOLLOWING HIS ELECTION TO THE SENATE IN 20-10.
HE DIDN'T GET IT YEARLY.
HE GOT IT IN A LUMP SUM.
FOR CONTEXT SAKE.
YOU SHOULD KNOW THAT THIS QUOTE IS EDITED.
HERE'S WHAT HE SAID LAST YEAR ON THE DEVIL'S ADVOCATE'S
I mean guys take 10M and divide it by 13 years, no
doubt about it that's a good salary :38 not a half
bad living ron it is, it is but it's a successful
company :42 compare that to the ceos and owner of
other plastics companies in the same business :49
take a look at plastics news you'll see ceos making
millions of dollars, six million, 9 million :53 700k
in the scheme of things and of course its all relative,
is a pretty reasonable compensation level :00
A NOTE HERE.
IF YOU DO DIVIDE THE 10 MILLION DOLLARS BY 13 YEARS
WITH THE COMPANY.
THAT'S 770 THOUSAND DOLLARS A YEAR...
LET'S MOVE ON.
:10 all told he took a 10 million dollar corporate
payout then moved to washington ;16 where he fights
against even the existence of any federal minimum
THIS ALSO NEEDS CLARIFICATION.
JOHNSON DID ONCE SAY THAT THERE SHOULD BE NO MINIMUM
HERE'S THE QUOTE.
what should the federal minimum wage be or should
their not be :39 shouldn't be one.
the only area that I would agree with minimum wage
is in immigration reform, the guest worker program.
HE DID SAY THIS.
HE'S NEVER PROPOSED LEGISLATION OR MADE A MOVE TO
REPEAL THE MINIMUM WAGE.
I'M JESSICA ARP WITH THIS NEWS THREE REALITY CHECK.
-- ERIC --
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