Madam Speaker, we are having the debate right now. That is why we put the motion forward and I think it is an important one.
Regarding the member's concern, I actually think that we are not just isolating it to the CPP but it would deal with the CPP. It is one that we can actually do something about immediately because of its connection to government, and to the fact that this is a pension plan of all Canadians. Its oversight is shared with provinces and others but that is where we must start.
I think we need to confront this issue. As I said before, right now in the United States there is a pay czar, or call it whatever we want. We need to deal with that question.
There is a problem with the unintended consequences argument that the member suggests. If we do not deal with this, we are rewarding people who are actually in it for the short-term. The propensity of these bonuses is to amalgamate and cut operating costs, and to show stockholders that they are going to get a better return on investment, which is not good business practice. Then they are rewarded for that.
We have seen that time and time again. I have seen it here in Ottawa with the high tech sector and we have seen the hollowing out of the high tech sector.
I would submit to the member that continuing this path of allowing bonuses to go out to people who are basically hollowing out our key industries, strategic industries like high tech, is something we must stop. I say to him that this debate is we are having now is one way but some decision must be made on action.