Last Friday, the House Committee on Oversight and Investigations took the opportunity to grill financial executives about their enormous bonuses, stock sales and salary in the wake of the sub-prime market collapse.
Compensation issues aside for a moment, I’d like to know why no one told John Finnegan, chair of Merrill Lynch’s compensation committee, about the “Red Tie Rule”.
[photo credit: Doug Mills/The New York Times (full story here)]
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