Saturday, February 21, 2009

Here's who's REALLY to blame for outrageous CEO bonuses

Even as firms teeter close to the edge of survival, executives are still getting fat bonuses.Who's responsible for this screwed-up reality? Corporate compensation expert Nell Minow puts 100% of the blame on compensation committees. Those are usually made up of a few board members who oversee top salaries, bonuses and other incentive plans.

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