Tough Love Needed for Economy

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President Obama needs to make tough choices to do the right thing to save America's economy, says David Walker, former U.S. Comptroller general Peter G. Peterson Foundation president/CEO.

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UK Banks Must Disclose Top Pay: Review

Banks must disclose how much they pay top employees, a UK government-sponsored report published by Sir David Walker said Thursday. "I am confident that the direction of the proposals I'm making is right," Walker, a former chairman of Morgan Stanley's international unit, told CNBC.

Kuoni CEO Sees Recovery in Travel Sector

"It has been a difficult year for holiday companies…It has been a difficult year for luxury goods as well," Peter Rothwell, CEO of Swiss-based luxury travel company Kuoni, said Thursday. "Probably the worst is behind us and we're beginning to look at the green shoots."

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Tough Love Needed for Economy

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