“The Committee on Oversight and Government Reform held a hearing titled, Executive Compensation II: CEO Pay and the Mortgage Crisis on Friday, March 7, 2008. The hearing examined the compensation and retirement packages granted to the CEOs of three corporations deeply involved in the current mortgage crisis. This was the Committees second hearing on executive compensation practices. On December 5, 2007, the Committee examined the role of compensation consultants in determining CEO pay.”
Commission (SEC) filings and consulted with leading experts in executive compensation. This memorandum summarizes some of the questions raised by the materials reviewed by the Committee staff.”
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