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    Congress will question Wall Street executives over pay
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    He urged linking Mozilo's pay to that of CEOs at banks such as Goldman Sachs Group Inc. , Merrill Lynch & Co. and Bank of America Corp. "Although the company retained Towers Perrin, internal e-mails show that the consultant appeared to serve as Mr. Mozilo's personal adviser with the goal of achieving maximum opportunity for Mr. Mozilo ... The final contract was significantly more generous to Mr. Mozilo than Exequity originally recommended." Jumana Bauwens, a spokeswoman for Calabasas, Calif.-based Countrywide, declined to comment on the memo Thursday. Full Article at Asbury Park Press
    Although the company retained Towers Perrin, internal e-mails show that the consultant appeared to serve as Mr. Mozilo's personal adviser with the goal of achieving maximum opportunity for Mr. Mozilo ... The final contract was significantly more generous to Mr. Mozilo than Exequity originally recommended.
    SOURCE: Asbury Park Press 21 months ago
All quotes from:
Congress will question Wall Street executives over pay
  1. You'll start to see a flood of performance-contingent plans
    SOURCE: Asbury Park Press 21 months ago
  2. There's a lot more scrutiny
    SOURCE: Asbury Park Press 21 months ago
  3. What's the business justification for having no connection between pay and performance?
    SOURCE: Asbury Park Press 21 months ago

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