Experts debate CEO compensation

September 26, 2008 5:53:52 PM PDT
One of the key points being debated as part of any bailout plan is a provision to limit how much top executives of rescued companies can get paid.

The University of California, Berkeley held a workshop on the topic of CEO pay and excessive severance packages.

"I think it is ludicrous and unfortunate that employment contracts don't include incompetence and negligence and just dismal performance as criteria for terminations with cause," Kevin Murphy of the University of Southern California said.

Richard Fuld of Lehman Brothers made $62 million last year. Goldman Sachs' CEO Lloyd Blankfein earned just over $43 million.

Treasury Secretary Henry Paulson earned more than $114 million while he was head of Goldman Sachs from 2004 to 2006