Detailed text transcripts for TV channel - FOXNEWS - 20111117:12:54:00
>> well, steve, until recently, i sat on the board of the public company that i founded and on the compensation committee, we went through pages and pages with specificity of what our ceo and cfo and general counsel would have to achieve in order to earn bonuses that were not that generous. our biggest problem is we asked for and received the most vague two pages of how they achieve their bonuses and what we discovered was it was discretionary board -- a board that is basically picked for them. and that's not the way it's supposed to be. if they hit documented milestones and they were reasonab...