Sun, Mar 09, 2008 - Page 11 News List

US lawmakers question CEOs over pay

FAILING FIRMS The chief of Countrywide and ex-CEOs of Merrill Lynch and Citigroup appeared before the panel, while Republicans questioned the need for the hearing

AP , WASHINGTON

O'Neal disputed reports of his "so-called" severance package.

"I received no bonus for 2007, no severance pay, no `golden parachute.' The amount discussed in the press consisted mainly of deferred compensation, stock and options that I had earned during the years prior to 2007," he said.

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