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Executive Pay Caps Cut Out Of Stimulus Compromise: WaPo

First Posted: 03/15/09 06:12 AM ET Updated: 05/25/11 02:05 PM ET

Ceos

Washington Post:

Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators worked to fine-tune the compromise stimulus bill.

Provisions to impose a penalty on banks that paid hefty bonuses and to cap pay at $400,000 for all employees at firms applying for additional government funds did not survive the compromise, sources said.

Read the whole story: Washington Post

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Filed by Stuart Whatley  |