[lbo-talk] does anyone understand this? - executive pay caps

SA s11131978 at gmail.com
Sat Feb 7 07:46:14 PST 2009


This is from the Treasury's fact sheet on the executive compensation restrictions. These provisions are among those that apply to all companies accessing TARP, not just those taking "exceptional assistance." Here's my question: What does "if requested" mean? Requested by whom?

SA

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http://www.ustreas.gov/press/releases/tg15.htm

[...]

Limit Senior Executives to $500,000 in Total Annual Compensation Plus Restricted Stock – Unless Waived with Full Public Disclosure and Shareholder Vote:

Companies that participate in generally available capital access programs may waive the $500,000 plus restricted stock rule only by disclosure of their compensation and, if requested, a non-binding "say on pay" shareholder resolution.



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