POLITICS

Executive Pay Caps Cut Out Of Stimulus Compromise: WaPo

03/15/2009 05:12 am 05:12:02 | Updated May 25, 2011

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.

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