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As members of the Occupy movement sought answers on Capital Hill Tuesday, reports also circulated that bonuses on Wall Street will be lower this year. Judy Woodruff discusses what the declining dollars mean with financial writer William Cohan and compensation…
Roughly 7,600 people were sterilized in North Carolina against their will between 1929 and 1974. A state panel voted Tuesday to pay the victims $50,000 each. Ray Suarez discusses the history of the program and the panel's decision with Charmaine…
Executive Pay Soaring Once Again, Report Finds…
The window for short-term compensation claims to BP's $20 billion oil spill disaster fund closed on Tuesday. Jeffrey Brown speaks with John Young, president of Jefferson Parish, Louisiana, about how Gulf Coast residents and businesses are coping with how the…
Jeffrey Brown speaks with Kenneth Feinberg, the independent overseer of BP's $20 billion oil disaster compensation fund, about how the claims process is proceeding and what he makes of criticism from Gulf Coast residents and business owners.
Kenneth Feinberg, who was chosen to administer the $20 billion fund established by BP to settle near-term oil disaster claims, faces both skepticism from Gulf Coast residents and a daunting task in deciding which direct and indirect claims to approve.
BP confirmed that Bob Dudley will take over as CEO of the embattled oil giant in October and announced a $17 billion loss in earnings, saying it paid out at least $32 billion for compensation and cleanup of the Gulf…
The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees.
The Federal Reserve curbed pay packages for executives of companies that received bailout money in an effort to discourage risky business practices. Jeffrey Brown speaks with executive pay czar Kenneth Feinberg.
Editor’s Note: Robert Frank, who recently guest-blogged for several weeks here at the Business Desk with answers to some of life’s economic ironies, once again answers questions posed by viewers. Question: Why does the government pay farmers not to…
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