Law Practice
Feb. 24, 2009
Lawyers Predict Squabbles to Come Over Executive Pay Cap
The restrictions on bank executives' pay embedded in the $787 billion stimulus package signed into law last week represent a seismic shift in the industry that could create thorny legal issues, according to executive compensation attorneys.
By Robert Iafolla
Daily Journal Staff Writer WASHINGTON - The restrictions on bank executives' pay embedded in the $787 billion stimulus package signed into law last week represent a seismic shift in the industry that could create thorny legal issues, according to executive compensation attorneys. An amendment in the bill established a framework for top executives and employees at the 359 financial institutions that received funds from the Troubled...
Daily Journal Staff Writer WASHINGTON - The restrictions on bank executives' pay embedded in the $787 billion stimulus package signed into law last week represent a seismic shift in the industry that could create thorny legal issues, according to executive compensation attorneys. An amendment in the bill established a framework for top executives and employees at the 359 financial institutions that received funds from the Troubled...
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