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Administration, Congress Seek to Rein in Exec Pay
This is the kind of story that needs a lot of attention to detail. Executive compensation has been described as solely a question of "supply and demand", yet top executives in Japan or Europe receive far... Not One Dime!
$700 billion in taxpayer money would be wasted in a federal bailout – it would be the wrong people paying the bill, the wrong people making the decision, and the wrong reforms to fix the underlying causes.
The... Los Angeles Times: Countrywide CEO Gets $160 Million
Angelo Mozilo, chief executive of Calabasas-based mortgage lender Countrywide Financial Corp., took home $160 million in pay and stock-option profit last year — keeping his place among California's highest-paid executives and drawing the ire of compensation watchdogs.
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