3 Executives Face Questions in Congress on Pay

The New York Times 16 months ago

3 Executives Face Questions in Congress on Pay

WASHINGTON Three prominent financial executives were summoned before 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 thousands of... Full Article at The New York Times

U.S. Congress summons executives over their pay deals during mortgage crisis.
16 months ago

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
Congress Panel Rips High Pay Of Subprime CEOs
16 months ago

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
Credit C.E.O. Comp Under Fire, V
16 months ago

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. Full Article at Conde Nast Portfolio
Executive Pay on the Hill: The C.E.O.’s Respond
16 months ago

“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