Congress Questions Wall Street Executives on Excess Pay Amid Subprime Crisis

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A House committee will question Wall Street executives today over compensation awards reaching hundreds of millions of dollars while shareholders bear the brunt of billions in writedowns from subprime mortgages. Today's hearing aims "to understand why so much money is given to these executives even when they're failing...What's the business justification for having no connection between pay and performance?" Live on CSPAN.

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At www.bloomberg.com

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