1. QUOTE from:
    U.S. Congress summons executives over their pay deals during mortgage crisis.
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    Emphasizing that the compensation process at Merrill was "appropriate" and "independent," he said: "'When the business does well, all shareholders do well. But if the business does not do well, the value of that compensation can plummet." And Mozilo, noting that "our stock price appreciated over 23,000 percent" from 1982 to 2007, said he received performance-based bonuses approved by shareholders and exercised options as he prepared for retirement. Full Article at International Herald Tribune
    '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 21 months ago
All quotes from:
U.S. Congress summons executives over their pay deals during mortgage crisis.
  1. 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 21 months ago
  2. There seem to be two economic realities operating in our country today
    Henry A. Waxman – Henry A. Waxman SOURCE: International Herald Tribune 21 months ago
  3. In short, as our company did well, I did well
    SOURCE: International Herald Tribune 21 months ago
  4. The reality is that I received no severance package
    SOURCE: International Herald Tribune 21 months ago
  5. When companies fail to perform, should they give millions of dollars to their senior executives?
    SOURCE: International Herald Tribune 21 months ago
  6. From a shareholder perspective, it is not possible to justify that payment
    SOURCE: International Herald Tribune 21 months ago

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