President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president’s prepared remarks: Continue reading
Question/Comment: I am writing this with my mom’s permission. I am 12 years old and my question is if companies like Freddie and Fannie needs government help to bail them out, then how come the CEO’s of these company still … Continue reading
Last year Lehman Brothers’ CEO made $71 million. Now his company has collapsed. How much will he make this year?
Question/Comment: Last year Lehman Brothers’ CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year? Paul Solman: I don’t know about this year. You’ve covered last. In 2006, according to Forbes.com, he … Continue reading