Economy Oct 04

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In a Weak Economy, Why Is CEO Pay on the Rise?

Median executive compensation has more than quadrupled over the last four decades, even through the latest financial crisis. Margaret Warner explores how CEOs can still command such salaries and benefits in light of the recession with Michael Faulkender of the…

Mar 18

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The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments.

As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company.

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:…