Bailed out bosses will see their pay slashed, and psychiatrist Kay Redfield Jamison discusses coping with the death of a loved one. Then, joint hearings to consider state governmental reform, and Gary Vaynerchuk demos his social networking prowess and talks about his book "Crush It!"
Executive pay cuts for bailed-out companies
The Obama administration is ordering a cut in executive salaries for seven companies that received the most bailout money under the Troubled Asset Relief Program. The companies are AIG, Citigroup, Bank of America, GM, Chrysler, and the two financing arms of the automakers- GMAC and Chrysler Financial. The action would reduce total compensation for the 25 highest-paid executives at each company 50% from what they received last year. In addition, the cash portion of executive salaries would be cut by 90%, to be replaced by stock that cannot be sold for years.
Guests:
Linda Feldman, White House Correspondent, Christian Science Monitor
Dave Schmidt, a senior consultant with James F. Reda and Associates in New York
Nothing was the same
Psychiatry professor Kay Redfield Jamison wrote openly about her bipolarity in the popular book "An Unquiet Mind." In her new memoir "Nothing Was the Same," Jamison discusses the experience of losing her husband to cancer from a clinical and emotional perspective. She writes about loss and being widowed, and explains the fine line between grief and clinical depression. Jamison talks with Larry Mantle about how to cope with the death of a loved one.
Guest:
Kay Redfield Jamison, author of "Nothing Was the Same" (Knopf). She is a professor of psychiatry at Johns Hopkins University
State governmental reform solutions to be considered in joint hearings
This summer's battle over the state budget left many Californians wondering whether the time has come to radically change how state government operates. Within Sacramento chambers, members of the Assembly and Senate are considering long-term proposals for reform. Larry talks with the committee's chair, Mike Feuer, about plans so far.
Guest:
Mike Feuer, California State Assemblyman (D-42 Los Angeles)
Gary Vaynerchuk wants you to crush it!
Gary Vaynerchuk is probably best known as the creator of the Wine Library TV, a video blog he started in 2006 to promote his family’s wine business. Gary’s gonzo approach to marketing revolutionized the wine biz and turned him into an internet phenom with a rabid following. In his new book, which is now a NY Times best-seller, Gary shares his social networking expertise so that you too, can Crush It!
Guest:
Gary Vaynerchuk, is the host of WineLibraryTV.com and the author of “Crush It! Why Now Is The Time To Cash In On Your Passion” (HarperStudio)
Gary will be signing copies of Crush It! at Vroman’s Bookstore at 7pm tonight in Pasadena. Click here for more information.