iOS app Android app More

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


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


Filed by Stuart Whatley  |