Counterfeit Tough: U.S. Plans to Curb Executive Pay for Bailout Recipients (But WE pay their stock dividends!)
New York Times Online | EDMUND L. ANDREWS and VIKAS BAJAJ | Tue- February 3, 2009
U.S. Plans to Curb Executive Pay for Bailout Recipients
WASHINGTON — The Obama administration is expected to impose a cap of $500,000 for top executives at companies that receive large amounts of bailout money, according to people familiar with the plan.
Executives would also be prohibited from receiving any bonuses above their base pay, except for normal stock dividends.