Worldwide Exchange

Season 2009 Episode 1023

US Pay Czar Unveils Compensation Cuts

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Aired Unknown Oct 23, 2009 on CNBC
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US Pay Czar Unveils Compensation Cuts
AIRED:
The US pay czar ordered compensation cuts for top executives at seven of the bailed-out financial companies. "There are no free lunches. These companies got themselves in trouble. They were bailed out by the taxpayer, so there is a moral duty there, indeed a fiscal duty there too to repay the taxpayer," Greg Smith, MD at Fat Prophets, said.moreless
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