International Herald Tribune
U.S. Congress summons executives over their pay deals during mortgage crisis.
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
Related Quotes
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'When the business does well, all shareholders do well. But if the business does not do well, the value of that compensation can plummet.
SOURCE: International Herald Tribune -
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 -
There seem to be two economic realities operating in our country today
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In short, as our company did well, I did well
SOURCE: International Herald Tribune -
The reality is that I received no severance package
SOURCE: International Herald Tribune -
When companies fail to perform, should they give millions of dollars to their senior executives?
SOURCE: International Herald Tribune -
From a shareholder perspective, it is not possible to justify that payment
SOURCE: International Herald Tribune -
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 -
His sins were so much smaller than the other people we’re talking about.
SOURCE: Dealbook -
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
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