Executive compensation and bonuses

As part of their bailout deal, Chrysler and GM agreed not to pay bonuses to their 25 highest paid CEOs. On Wall Street, bonuses are still part of the pay package but some investment banks are searching for ways other than cash to reward their executives. We talk about the culture of end-of-year bonuses, excessive executive compensation and how the financial crisis might influence the marketplace when it comes to salary and benefits. Our guests are New York Times reporter LOUISE STORY and professors CHARLES ELSON and RAKESH KHURANA. Listen to the mp3