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Michael Mooney appears on NECN to discuss executive compensation

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Michael Mooney, the firm’s managing partner, appeared on New England Cable News Business Day on December 5 to discuss executive compensation. Mike confirmed that many failing companies continue to pay their top executives large bonuses because the bonuses are not tied to performance. While he understands why this is frustrating to most observers, he believes decisions regarding all compensation should be left to the shareholders of a company and that it is inappropriate for the government to get involved. Mike also suggested that the current focus on executive compensation due to the financial meltdown is not likely to result in permanent changes in the way top executive are compensated. 
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