1. QUOTE from:
    Credit C.E.O. Comp Under Fire
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    Today they are paid 600 times more. "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." Despite the losses covered by Countrywide, which lost $1.6 billion in 2007, Merrill Lynch which lost $10 billion and Citigroup, which lost $10 billion, Waxman said their chiefs left with "extraordinary" compensation packages. Full Article at Conde Nast Portfolio
    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.
    Henry A. Waxman – Henry A. Waxman SOURCE: Conde Nast Portfolio 20 months ago
All quotes from:
Credit C.E.O. Comp Under Fire
  1. There seem to be two different economic realities operating in our country today. And the rules of compensation in one world are completely different from those in the other.
    SOURCE: Conde Nast Portfolio 20 months ago
  2. This isn't a hearing about ilegality or even ethical breaches. It's a hearing to examine how executives are compensated when thier companies fail.
    SOURCE: Conde Nast Portfolio 20 months ago
  3. And each was richly compensated when their companies prospered.
    SOURCE: Conde Nast Portfolio 20 months ago
  4. Each of these men achieved incredible success through hard work and ability
    SOURCE: Conde Nast Portfolio 20 months ago
  5. Punishing individual corporate executives with public floggings like this may be a politically satisfying ritual - like an island tribe sacrificing a virgin to a grumbling volcano.
    SOURCE: Conde Nast Portfolio 20 months ago
  6. Are the extraordinary packages these C.E.O.'s received reasonable compensation? Or does the hundreds of millions of dollars they were given represent a complete disconnect from reality?
    SOURCE: Conde Nast Portfolio 20 months ago
  7. their many contributions to our country ... the questions we ask today are not in any way intended to disparage their records.
    SOURCE: Conde Nast Portfolio 20 months ago
  8. What we are trying to understand is fundamental to our nation's values. And it is also of central importance to the effective functioning of business and our economy.
    SOURCE: Conde Nast Portfolio 20 months ago

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