Tracking CEO Compensation
Today
">Rep. Henry Waxman (D-CA) chairs a House Oversight & Government Reform Cmte. hearing on CEO compensation. The Cmte. examines benefits and retirement packages granted by three companies involved in the current mortgage crisis.
House of Representatives MEMORANDUM March 6,2008 pdf
On Friday, March 7,2008, at 10 a.m. in room 2154 of the Rayburn House Office
Building, the Oversight Committee will hold a hearing to examine the compensation and
retirement packages awarded to the CEOs of three companies implicated in the mortgage crisis:
Angelo Mozilo of Countrywide Financial Corporation, E. Stanley O'Neal of Merrill Lynch, and Charles Prince of Citigroup.
Compensation Consultants?
For companies that fail?
Holy Fuck.
I don't know whether to laugh or cry.
Lookin' at some spiffy golf tans here.
Except for Chris Cannon (R. Utah).
"Cannon was named Chairman of the House Judiciary Subcommittee on Commercial and Administrative Law at the beginning of the 108th Congress in January of 2003. As chairman he oversees legislation involving bankruptcy reform, privacy, interstate compacts and tort reform. He also serves on the Judiciary Subcommittee on Courts, the Internet, and Intellectual Property."
Yeah, he looked a little pale as I was watching him earlier online on CSPAN. He wasn't too happy when the freeze rate bill thingy happened:
"Most Republicans said the bill would harm the market and called for Congress to show restraint. "What we're doing is putting a sledgehammer in the hands of borrowers," Rep. Chris Cannon, R-Utah."
Hey, Señor Cannon?
Theese eez for ju.
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