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More from the Housing hearing on the compensation of the C.E.O. of Countrywide Financial and the former chiefs of Merrill Lynch and Citigroup. This will probably be a bad day for Angelo Mozilo, the chief executive of Countrywide, the biggest mortgage l Full Article at Conde Nast Portfolio
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WASHINGTON: Three prominent financial executives were summoned before the U.S. Congress on Friday to face questions about the huge paydays that they earned from the subprime mortgage boom, even as their companies have lost billions of dollars and Full Article at International Herald Tribune
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WASHINGTON (AP) ― Democratic lawmakers say top banking industry executives were paid far too much in salary, retirement and bonuses while their companies' fortunes declined. So how much is too much? And just how much did they take home? Three Full Article at WCCO
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It was certain to come up sooner or later. Enron was invoked by the committee chairman, Henry Waxman, in questioning Angelo Mozilo, chief executive of Countrywide Financial about his sales of stock. Elizabeth Olson is blogging live from the House Full Article at Conde Nast Portfolio
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“The reality is that I received no severance package.” That was part of E. Stanley O’Neal’s prepared testimony to a Congressional inquiry into his exit payments, as the former Merrill Lynch chief executive and two other executives defended their pay Full Article at Dealbook
Related Quotes
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I have no reason to believe our board would think it inconsistent to sell stock while the company was doing a stock buyback
SOURCE: Conde Nast Portfolio -
You'll start to see a flood of performance-contingent plans
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There seem to be two economic realities operating in our country today
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The impact of corporate executive compensation is debatable
