Compensation Contracts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 they've 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 week in terms of trying to get their message on the economy out? they got some major legislation pa...

Digging into mr. wrangle's personal activities. it's 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 obama's 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 salaries and bonuses in firms like j.p. morgan chase, citi, chase, at the same time they were tak...

Obama administration and the republicans didn't 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? >> that's a joke. that says, no, i'm going to keep letting them rob you, but when we're totally out of money, maybe i'll stop them from robbing you, by that time it will be too late. you know what's happening right now, chris? this is...