[lbo-talk] NYT: U.S. Plans to Curb Executive Pay for Bailout Recipients

Matthias Wasser matthias.wasser at gmail.com
Wed Feb 4 11:44:19 PST 2009


A cute little devil, from the WaPo story:

"Under the new rules, companies can waive the $500,000 cap by informing shareholders that they planned to continue paying executives higher salaries. Companies would be required to allow a shareholder resolution on the subject, but the results would not bind the company."



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