To the Point
Is It Time Wall Street Was Paid for Performance?
Pay cuts for corporate executives and new rules for banks are designed to protect against another recession. Are the right people being punished? Is government intervention too little, too late?
By Warren Olney • • 50m ListenPay cuts for corporate executives and new rules for banks are designed to protect against another recession. Are the right people being punished? Is government intervention too little, too late? Also, tensions are high after a deadly day in Baghdad. On Reporter's Notebook, why has "Baby Einstein" failed to make geniuses out of infants? Why did parents think it would in the first place?
Banner image: Members of Code Pink protest as former AIG CEO Martin Sullivan (R) leaves after he testified at a House Oversight and Government Reform Committee hearing to examine the causes and effects of the AIG bailout on Capitol Hill October 7, 2008. Photo: Alex Wong/Getty Images
In this episode
3 storiesTensions Run High after Deadly Day in Baghdad
Yesterday's two simultaneous suicide bombings hit Baghdad ever worse that first thought with the death toll now at 155 and 500 wounded. Casualties included numbers of children. Gina Chon is in Baghdad for the Wall Street Journal .
Read the story8 minProfits 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.
Read the story35 minDisney Offers Refunds to Parents of Non-Geniuses
George W. Bush praised Julie Aigner-Clark for creating Baby Einstein , the supposedly "educational" DVD's for children aged zero to 2. In 2003, a study revealed that one-third of all American babies between 6 months and two years of age had at least one of the videos.
Read the story8 min
