Pay Czar Cuts Executive Pay

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Executives at seven companies bailed out with taxpayer money got the word today. Kenneth Feinberg, the President's so-called "Pay Czar," cut their salaries and changed their compensation to try to prevent excessive risks in the future. Columnist David Weidner covers Wall Street for MarketWatch and the Wall Street Journal.

Credits

Guest:
David Weidner - MarketWatch and the Wall Street Journal

Host:
Warren Olney

Producers:
Katie Cooper, Karen Radziner, Christian Bordal