Congress Panel Rips High Pay Of Subprime CEOs

WCCO 20 months ago

Congress Panel Rips High Pay Of Subprime CEOs

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? Full Article at WCCO

Related Quotes

when tangible results were not delivered, Mr. O'Neal lost his job and received no bonus.
SOURCE: WCCO 20 months ago
I was the chief executive officer, and this happened under my watch
SOURCE: WCCO 20 months ago
I received no bonus for 2007, no severance pay, no 'golden parachute'
SOURCE: WCCO 20 months ago
I get the feeling, it's you scratch my back, I'll scratch your back
SOURCE: WCCO 20 months ago
almost all of my net worth was in Countrywide, I had to come to a point of diversifying my investments
SOURCE: WCCO 20 months ago
I received no bonus for 2007, no severance pay, no 'golden parachute.' The amount discussed in the press consisted mainly of deferred compensation, stock and options that I had earned during the years prior to 2007.
SOURCE: The Washington Post 20 months ago
His sins were so much smaller than the other people we’re talking about.
SOURCE: Dealbook 20 months ago
Internal e-mails show that the consultant appeared to serve as Mr. Mozilo's personal advisor with the goal of achieving 'maximum opportunity' for Mr. Mozilo ... appeared to heavily favor Mr. Mozilo.
SOURCE: Los Angeles Times 20 months ago
What we are trying to understand is fundamental to our nation's values. And it is also of central importance to the effective functioning of business and our economy.
SOURCE: Conde Nast Portfolio 20 months ago
Most Americans live in a world where economic security is precarious and there are real economic consequences for failure. But our nation's top executives seem to live by a different set of rules.
SOURCE: International Herald Tribune 20 months ago

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