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

SA s11131978 at gmail.com
Wed Feb 4 13:37:11 PST 2009


Matthias Wasser wrote:


> 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."
>
>

Ha! They're good at this.

SA



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