House committee questions mortgage CEOs about compensation in Washington

Richard Parsons, chairman of Citigroup's Personnel and Compensation Committee; E. Stanley O'Neal, former chairman and CEO of Merrill Lynch; .John Finnegan, chairman of Merrill Lynch's Management Development & Compensation Committee; and Angelo Mozilo, founder and CEO of Countrywide Financial Corporation, (L to R) prepare to testify before a House Oversight and Government Reform Committee hearing on the compensation mortgage company CEOs receive on Capitol Hill in Washington on March 7, 2008. This hearing is part of Congress' ongoing examination of the subprime mortgage crises. (UPI Photo/Roger L. Wollenberg)