Barney Frank Pulls Plug On CNBC: “This Interview Is Over!”

Posted on June 11, 2009
Filed Under Uncategorized

Barney Frank, the chairman of the House Financial Services Committee and a vocal critic of Wall Street pay, appeared on CNBC this morning to talk about what should be done to limit executive compensation. Let’s just say it didn’t go well. Frank stormed off the set after exchanging heated words with CNBC’s host.
“It seems to be that you’re dealing with a model that no longer works,” CNBC’s host said of Frank’s proposed executive pay rules, which would give shareholders much greater control over compensation.
Then things escalated. After Frank said, “May I respond sir?” several times, the interview devolved into a mini-shouting match, and not much was settled. See Barney Frank Pulls Plug On CNBC: “This Interview Is Over!”

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