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Business: Executives / Pay Cuts / A Discussion #950979

CNN Evening News for Wednesday, Oct 21, 2009
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(Studio: Anderson Cooper) The announcement by President Obama's administration that the top executives for seven companies that received the most bailout money will have their pay cut introduced.

(Studio: Ali Velshi) The seven companies affected that will have total & cash compensation dropped by 50 & 90 percent outlined & issues of legal authority discussed; findings of a ABC News/"Washington Post" poll on public support for executive pay cuts due to the anger with Wall Street.

(Studio: Anderson Cooper) Earlier discussion held with CNN's James Carville & Republican strategist Kevin Madden about the White House capping executive pay. [CARVILLE, MADDEN - offer views on government setting salaries for private business executives & the issue of incentives and/or consequences for the banks that disrupted the economy.]

Reporter(s):
Cooper, Anderson;
Velshi, Ali
Duration:
00:08:10

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