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Despite heightened scrutiny from both the public and regulators in the wake of the AIG bonus scandal, compensation on Wall Street is set for a record year in 2009. Jeffrey Brown reports.
The Obama administration on Wednesday proposed new regulations for executive compensation at financial firms.
By Admin, PBS NewsHour
As frustration continues over extravagant pay to executives of companies receiving billions of dollars in taxpayer aid, Paul Solman travels to AIG headquarters and Washington to explore options for getting some of the money back.
Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress Tuesday on the flap over AIG bonuses and called for increased regulatory powers. Analysts assess the real-world impacts of strengthening financial regulation.
AIG plans to pay millions in worker bonuses, a move that has angered lawmakers who have given the insurer bailout billions. Lawmakers weigh the options in dealing with AIG.
By PBS NewsHour
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:…
In one of the worst economic years in history, Wall Street executives received more than $18 billion in bonuses. Experts examine how such bonuses work, followed by the analysis of Mark Shields and David Brooks.
After the U.S. Treasury's decision to take over mortgage giants Fannie Mae and Freddie Mac, Senate Banking Committee members Chris Dodd, D-Conn., and Richard Shelby, R.-Ala., provide Congressional perspective on the rescue plan and assess the road ahead.
House Financial Services Committee Chairman, Congressman Barney Frank, D- Mass., talks to the NewsHour about challenging economic issues Congress must face in the coming months and what they may mean for the U.S. economy.
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