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

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

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

“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

CAPITOL HILL (AP) - Lawmakers are questioning how three corporate executives were able to make millions while their companies took financial nosedives because of the subprime mortgage crisis. Full Article at WOOD-TV

Now the main show gets under way at the Housing hearing on the compensation of the C.E.O. of Countrywide Financial and the former chiefs of Merrill Lynch and Citigroup. Full Article at Conde Nast Portfolio

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. Full Article at Conde Nast Portfolio

"It seems that CEOs hit the lottery when their companies collapse," House Oversight and Government Reform Committee Chairman Henry Waxman, D-Calif. , said at the opening of the hearing. Full Article at Baltimore Sun Blogs

Source: NY Times Chief executives of three financial companies who received outsize pay packages even as their shareholders lost billions in the spreading credit crisis are scheduled to testify before Congress on Friday, and if a memorandum released... Full Article at Democratic Underground