Page 2 - Dollar Pay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

When i talk to franchise owners they say to me, hey, what can we do? we're squeezed here. if i pay $15 an hour, i'm going out of business. what is the response to that? >> there are a couple of responses. if you look at the ceo pay, they're not on $15 an hour. they're getting multimillion dollar pay. unrelated to the productivity that they bring to the firm. dividends. many of these companies, very high. apparently because market power that they have. the evidence is pretty clear. a really good study was done by -- a number of years ago -- by alan krueger where they looked at what happens if y...

These incomes are so low. when you see folks walking out of the mcdonald's, of the kfc. when i talk to franchise owners they say to me, hey, what can we do? we're squeezed here. if i pay $15 an hour, i'm going out of business. what is the response to that? >> there are a couple of responses. if you look at the ceo pay, they're not on $15 an hour. they're getting multimillion dollar pay. unrelated he that they bring to the firm. dividends. many of these companies, very high. apparently because market power that they have. the evidence is pretty clear. a really good study was done by -- a number...

There is the link right there, click on it. jenna: thinks another very big economic story the ceo's of mortgage giants fredee mcand fanny mae are on the hot seat. they ask why executives get multi-million dollar pay packages when our money is keeping freddie and fannie afloat. jim angle is live with more on this. >> reporter: congress is already unhappy about spending $170 billion to bail out fanny mae and freddie mac, the quasi federal agen agencies that own or have half of the mortgages. the house committee has voted 52-4 to stop bonuses and any future once and have executive pay at standard...

he writes, i did stop it, not physically, but made sure it was stopped when i left that locker room, end quote. and he goes on to say, no one can imagine my thoughts or wants to be in my shoes for those 30 to 45 seconds, end quote. sandusky is charged with serial child molestation and two penn state officials are charged with failing to report those crimes. paterno has been fired and mcqueary is on administrative leave. the u.s. secret service says it found a bullet that struck a white house window. officials say the bullet was stopped by bulletproof glass. another round found in t...