TITLE

Industry Pans Stimulus Law's Pay Restrictions

AUTHOR(S)
Kaper, Stacy
PUB. DATE
February 2009
SOURCE
American Banker;2/18/2009, Vol. 174 Issue 32, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the executive compensation restrictions which were included in the U.S. economic stimulus bill. According to the industry representatives, they would leave banks that received government assistance in confusion over how to comply. The restrictions, which were added by Senate Banking Committee Chairman Chris Dodd, were to respond to public anger on financial institutions that have received Troubled Asset Relief Program funds. The confusion of the restrictions are discussed.
ACCESSION #
36570001

 

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