Executive Compensation
President Obama and Treasury Secretary Geithner announced new guidelines for the compensation of financial industry executives. The new rule… read more
President Obama and Treasury Secretary Geithner announced new guidelines for the compensation of financial industry executives. The new rules would set a $500,000 annual cap on executive pay for companies getting taxpayer funds. They also indicated that more such measures were planned in efforts to overhaul the crisis-hit U.S. financial sector. Secretary Geithner also spoke about a “comprehensive plan for financial recovery” to be released the following week. close
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