The week after the fire, city officials announced a compensation plan for victims of the fire and their families.

Such logic alone is no guarantee of an effective comparative compensation plan, though.

Executives and Government officials say they hope to produce a compensation plan within two months.

Lawyers also said the $2 billion compensation plan was far too little.

"We need the flexibility to develop competitive individual compensation plans."

The new pay package lacks one major component: a $50 million compensation plan spread over five years.

"This compensation plan should be regarded as an investment in the company's future."

"Were shareholders told that compensation plans might be changed on a regular basis?"

Two directors said that in addition, the board had established an $11 million deferred compensation plan for him.

Under the current compensation plan, the accounting change would probably wipe out executive bonuses.