Executive Pay on Wall Street and New Digs for the LAPD
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The LAPD's new headquarters has been formally dedicated. Does it represent a new way of doing police business? Is it really "transparent?" How does it function as a public space in downtown Los Angeles? On our rebroadcast of today's To the Point, traders and brokers who almost wrecked the economy got bonuses anyway, even as their companies were being saved by taxpayer bailouts. Will pay cuts by the Obama Administration punish the right people? Will new rules protect against another recession?
Main Topic
Profits of Doom: Breaking Wall Street's Addiction to Greed ()
President Obama says free enterprise should reward hard work, but that "it does offend our values" when executives get huge bonuses, at the same time their companies are getting taxpayer bailouts to stay alive. So his so-called "pay czar" has cracked down on executive compensation at AIG, General Motors and five other companies.
Guests:
- Rick Newman: Chief Business Correspondent, US News and World Report
- Sam Pizzigati: Associate Fellow, Institute for Policy Studies
- Tom Donlan: Editorial Page Editor, Barron's National Business and Financial Weekly, @barronsonline
- J.W. Verret: Assistant Professor of Law, George Mason University
Links:
- Federal Reserve proposal on executive compensation
- Newman's article on the Obama Administration and corporate America
- Institute for Policy Studies' report on 'America's Bailout Barons'
- Pizzigati's article on the pay czar's pay-cut ruling
- Donlan's editorial on the problems of government regulation
- Verret on the unintended consequences of executive pay regulation
Main Topic
Will New Headquarters Mean More than a New Look for the LAPD? ()
The new headquarters of the Los Angeles Police Department is flanked by the Caltrans building, City Hall and the LA Times. At Saturday's dedication, outgoing Chief Bill Bratton said that's designed to cooperation with other governments, the obligation to serve the community and transparency to the media and the public.
Guests:
- Sharon Papa: Assistant Chief, Los Angeles Police Department
- Jan Perry: Los Angeles City Councilwoman, @JanPerry
- Paul Danna: Co-Design Principal, AECOM
- Connie Rice: Co-Director, Advancement Project in Los Angeles, @ConnieRicePCN
Underwriters
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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