The former Texas GOP Senator testified that AT&T CEO Edward Whitacre was an "exploited worker," whose $75 million golden handshake proved "bigotry that is still allowed in America…bigotry against the successful."
He was kvetching about the fifth anniversary of the Dodd-Frank bill. Whitacre's severance was actually $158 million.
Gramm was co-chair of John McCain's 2008 presidential campaign and McCain's top economic advisor until he was forced to resign after calling the U.S. "a nation of whiners."
Former GOP Sen. Phil Gramm: "It Was an Outrage" That "Exploited" AT&T CEO Only Got $75 Million at Retirement [Jon Schwarz/First Look]