TITLE

Greed works?

AUTHOR(S)
Carlino, Bill
PUB. DATE
April 2008
SOURCE
Accounting Today;4/14/2008, Vol. 22 Issue 7, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author looks into the exorbitant compensation given to financial executives in the U.S. He cited the cases of E. Stanley O'Neal, former chair and chief executive at Merrill Lynch, Charles O. Prince III, former chief executive and chair at Citigroup, and Angelo Mozillo, the founder and chief executive officer (CEO) of Countrywide Financial, who were questioned by the U.S. House Committee on Oversight and Investigation for lavish compensation packages they got despite their companies losing billions in market watch.
ACCESSION #
31692003

 

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