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2/9/09: Executive Pay - The Original Sin

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\"toilet paper made of dollar bills\" Photo by <a href=\"http://www.flickr.com/photos/jessicamills/64905632/\" target=\"_blank\">Jessica Ann Mills</a> on flickr.com

By Doug Fabrizio

Salt Lake City, UT – The financial journalist Roger Lowenstein doesn't mince words when he talks about compensation for the nation's top CEOs. He calls it "executive larceny" and he says it's the "original sin" that led to corporate bubbles and in turn, corporate busts. Monday, Lowenstein joins Doug to explain how it is CEOs came to make as much as 400 times what their employees make, and what it has meant for the financial system.

Read Roger Lowenstein's column Thain's Original Sin Rooted in Executive Pay at Bloomberg.com

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