Foley Says Pay Cuts May Push Key Executives Out of Banks: Video

Oct. 22 (Bloomberg) -- Brian Foley, principal at Brian Foley & Co., talks with Bloomberg's Deirdr...  More »

Oct. 22 (Bloomberg) -- Brian Foley, principal at Brian Foley & Co., talks with Bloomberg's Deirdre Bolton and Erik Schatzker about executive compensation. Executives at seven bailed-out companies including Citigroup Inc. and Bank of America Corp. will reportedly have their pay cut by an average of 50 percent after negotiations with Kenneth R. Feinberg, the U.S. special master on compensation. (Source: Bloomberg)  « Less