BUSINESS
07/11/2009 05:12 am ET | Updated May 25, 2011

Geithner Talks Compensation Rules (VIDEO)

Treasury Secretary Timothy Geithner spoke to reporters today about the much-rumored restrictions on Wall Street compensation. Geithner said: "We'd like to see compensation plans better measure and reward performance." He went on to say SEC would have authority to approve pay for large financial companies.

"We do not believe it's appropriate for the government to put caps on compensation," he added.

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