Wall Street CEOs defend pay practices

Courtesy MSNBC.com: Business  Wed, 01/13/2010 - 10:12

From left, Goldman Sachs Group, Inc.<br /><br />Chairman and Chief Executive Officer Lloyd Blankfein; JPMorgan Chase & Company Chairman and Chief Executive Officer James Dimon; Morgan Stanley Chairman John Mack, and Bank of America Corporation Chief Executive Officer and President Brian Moynihan, testify on Capitol Hill in Washington before the Financial Crisis Inquiry Commission.Top bank executives are defending their bonus and compensation practices to a special commission investigating the 2008 financial collapse.



 

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