Is $100 million too much for one year for one Citigroup trader? That's what the White House pay czar may decide as he starts his compensation review at bailed-out financial firms. But Citi is arguing that its energy trader deserves the money. Takeaway friend and finance expert Alvin Hall looks at the bank's argument. And we speak to two people with an opinion: Matt Spaulding is a small business owner in Atlanta; and Judy Coughlin is a clerical worker in Lowell whose union just voted for a pay freeze.
Watch a Fox Business News report on Citigroup's push for compensation.
Michael Jackson will be buried this morning at the Forest Lawn cemetery in Los Angeles. The cemetery is a famous resting spot, but Jackson apparently wanted to be buried at his beloved Neverland Ranch. Joining The Takeaway to discuss whether we should defer to the dead when it comes to disposing of their mortal remains is Randy Cohen, The Ethicist for The New York Times Magazine and author of the Moral of the Story Blog.
For more, read Randy Cohen's blog entry, Michael Jackson’s Body, in The New York Times.
"The physical presence of the dead is very, very meaningful for the living simply to grasp the idea that death has occurred."
— New York Times Magazine columnist Randy Cohen