Executive Pay

In June 2010, the Federal Reserve, six months into a compensation review of the country’s 28 largest financial companies, found that many of the bonus and incentive programs that economists say contributed to the financial crisis remained in place. And in a report released in July 2010, Kenneth R. Feinberg, President Obama’s special master for executive compensation, said that nearly 80 percent of the $2 billion 2008 bonus pay was unmerited. http://topics.nytimes.com/top/reference/timestopics/subjects/e/executive...