If We Paid Congress the Way We Pay CEO’s, We Would Have More Legislation, Not Better
The House Oversight and Government Reform Committee held a hearing on “Executive Compensation II: Mortgage CEO Severance Packages,” focusing on CEOs involved in the ongoing subprime mortgage crisis.
Nell Minow, editor of The Corporate Library, says that the pay packages given to executives contributed directly to the economic crisis because they created incentives to produce more business rather than better. (0:45)
March 7, 2008
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