overspending: What are the unintended consenquences of limmiting executive pay?
- 02/04/09 10:12 AM
The Obama administration outlined plans today to tighten restrictions on executive compensation for future recipients of federal aid under the government's financial rescue program, but the vast majority of firms would be able to opt out of most of the limits. Companies that need special assistance from the government to survive would face mandatory restrictions on compensation for their senior executives: no more than $500,000 in salary and no additional compensation other than shares of the company's stock that can only be redeemed after the government investment is repaid. So far the government has provided that kind of extraordinary aid to … (0 comments)
The Obama administration outlined plans today to tighten restrictions on executive compensation for future recipients of federal aid under the government's financial rescue program, but the vast majority of firms would be able to opt out of most of the limits.;)
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