Compensation Contracts News Today

Adopting a so-called emergency brake provision. >> that would allow their boards and compensation committees to terminate compensation contracts if there is another financial emergency. >> reporter: some of the companies say theyve already taken steps to address this issue but not all of them are onboard. by the way, wolf, i should point out 11 of the 17 companies have already paid back the bailout money they got from taxpayers. >> do they think at the white house this has basically been a lost ...

Digging into mr. wrangles personal activities. its going to be a momentous occasion if this turns into being a public trial. a lot of democrats are going praying that it does not happen. >> have a good weekend, luke. full disclosure, pay watch dog kenneth fienberg, president obamas special master for compensation naming names today and calling out 17 financial firms that doled out $1.6 billion in, quote, ill advised payments during the darkest days of the financial crisis. those payouts found ...

Obama administration and the republicans didnt want any piece of it because unfortunately our system is broken and the banks run the place. >> do they get credit, the obama administration and fienberg for talking now about at least this provision that would break compensation contracts in case of another crisis. >> in case of another crisis? >> would that be no? >> thats a joke. that says, no, im going to keep letting them rob you, but when were totally out of money, maybe ill stop them from rob...