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“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
Related Articles
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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
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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
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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
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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
Related Quotes
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There seem to be two economic realities operating in our country today
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There's an element of Greek tragedy
SOURCE: Los Angeles Times -
The impact of corporate executive compensation is debatable
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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.
