CBS Evening News for Thursday, Dec 26, 1996
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(Studio: Harry Smith) Report introduced.
(New York: Ray Brady) The obscenely high salaries paid to corporate executives examined; details given of Michael Ovitz's severance pay of 90 million to leave Disney; Union Pacific CEO Drew Lewis's huge salary with benefits, American Telephone and Telegraph (AT&T) Bob Allen's staggering annual pension and other package deals for CEOs. [Compensation analyst Judith FISHER, former Scott Paper, now Sunbeam CEO Al DUNLAP - talk about the huge salaries and benefits American executives are paid.]
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