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
Related Quotes
-
With executive compensation you get what you pay for and you pay for what you get
SOURCE: The New York Times -
If you make compensation all upside and no downside that will affect the executives assessment of risk. It will make it clear to him that he can easily offload the risk onto shareholders. It’s heads they win, tails we lose.
SOURCE: The New York Times -
When companies fail to perform, should they give millions of dollars to their senior executives?
SOURCE: The New York Times -
There seem to be two economic realities operating in our country today
-
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: The New York Times -
It seems that CEOs hit the lottery when their companies collapse
SOURCE: The Washington Post -
With Enron, the executives were selling the stock, and they had knowledge that no one else had.
SOURCE: Conde Nast Portfolio -
The way these severance packages are constructed, the executive can’t lose
SOURCE: Dealbook -
I think there's merit to pay for performance ... But it seems like C.E.O.'s hit the lottery even when their companies collapse.
-
You came to a common number, and agreed on it.
SOURCE: Conde Nast Portfolio
– Related Photos
-
Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November17, 2009. View Photo »
-
WASHINGTON - NOVEMBER 17: Thomas May, member of the Bank of America Board of Directors, testifies during a joint hearing before the House Oversigh... View Photo »
-
NEW YORK - NOVEMBER 22: Chairman of Citigroup Richard Parsons attends the opening night of ''Dreamgirls'' at The Apollo Theater on November 22, 200... View Photo »
-
Primus Financial Managing Director, Chairman and Co-Chief Executive Officer Robert Morse speaks during a news conference in Taipei October 13, 2009. View Photo »
-
SOUTHPORT, CT - AUGUST 02: The home of Andrew Hall, the controversial recipient of a reported $100 million bonus from Citigroup, is viewed on Augus... View Photo »
