“With executive compensation you get what you pay for and you pay for what you get,” said Nell Minow, editor of the Corporate Library, an independent research firm specializing in corporate governance, said in testimony prepared for the hearings. "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." Mr. Mozilo’s pay drew the most scrutiny from members of Congress. Full Article at The New York Times