The House voted Friday to give shareholders a voice in executive pay packages through a proxy vote at annual shareholders meetings. The bill passed 269-134 and now goes to the Senate. The White House and most Republicans shunned the bill, however, stating that the SEC has already recently taken steps to make corporate pay packages more transparent and that the government should stay away from corporate affairs. President Bush said earlier this year that while executive pay packages are sometimes extravagent, it was not a matter for the government to get involved. Whether or not this bill passes through the Senate remains to be seen; however, many are predicting that it will face a lot of opposition before going into law.