Executive Compensation

The committee held a second oversight hearing on executive compensation practices. Experts and government officials in the first panel… read more

The committee held a second oversight hearing on executive compensation practices. Experts and government officials in the first panel testified about the current mortgage crisis including unprecedented numbers of foreclosures, the risks of adjustable-rate mortgages, and loan modification to prevent foreclosures. 

In the second panel the committee examined the compensation and retirement packages granted to the chief executive officers of three corporations involved in the current mortgage crisis. Loan company chief executive officers and compensation committee chairmen testified. Stan O’Neal and Charles Prince offered their resignations in the fall of 2007. They received compensation packages that they would have forfeited if fired for cause. Angelo Mozilo did not resign but would receive a terminal compensation package if the purchase of his company proposed in January 2008 by Bank of America is completed. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Executive Compensation

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Program ID:
204328-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 7, 2008
Last Aired:
Mar 19, 2008

Airing Details

  • Mar 07, 2008 | 9:59am EST | C-SPAN 1
  • Mar 07, 2008 | 10:23pm EST | C-SPAN 1
  • Mar 08, 2008 | 2:49am EST | C-SPAN 1
  • Mar 09, 2008 | 3:17pm EDT | C-SPAN 1
  • Mar 10, 2008 | 4:02am EDT | C-SPAN 1
  • Mar 11, 2008 | 12:31am EDT | C-SPAN 2
  • Mar 19, 2008 | 2:27pm EDT | C-SPAN 2
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