Detailed text transcripts for TV channel - MSNBC - 20120626:16:43:00
A new study by the financial times shows that bank ceos saw their pay rise by nearly 12% last year. another sign that wall street is recovering much faster than main street. in 2009, compensation for some ceos actually declined after ken feinberg reduced pay levels for top executives at seven firms that received the most bailout money. three years later, he writes did the program have any lasting impact on wall street's compensation incentive structure? reducing the likelihood that executives would incur excessive risks in pursuit of huge personal gain? probably not. joining us now is ken fein...
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