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Economy / Corporate Responsibility / CEO Salaries #705979

CBS Evening News for Thursday, Jul 11, 2002
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(Studio: John Roberts) Stock Market Report.

(White House: Bill Plante) Washington lawmakers’ attempts to toughen penalties for corporate wrongdoers featured; details given of President Bush’s loans while at Harken; 1996 video of Vice President Dick Cheney endorsing Arthur Andersen†† while at Halliburton shown. [Senator John McCAIN – says the damage done by corporations will outlive most of us.] [Representative Richard GEPHARDT – comments on Bush’s questionable loans.] [White House press secretary Ari FLEISCHER - comments on the practice of insider loans.]

(Studio: John Roberts) Report introduced.

(Studio: Anthony Mason) Earnings of CEOs examined; details given of salary comparisons. [Citigroup† CEO Sandy WEILL†- comments.] [Political analyst Kevin PHILLIPS†- says there has not been enough attention to the sums of money being paid to CEOs.] [The Blackstone Group chairman Peter PETERSON†- says CEO salaries are a touchy subject.] [“Fortune” magazine Joe NOCERA†- comments on CEO wealth.]

(Studio: John Roberts) Budget deficit and re-starting of the National Debt Clock noted.

Reporter(s):
Mason, Anthony;
Plante, Bill;
Roberts, John
Duration:
00:07:00

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