Posts Tagged ‘compensation limits’

The Obama Compensation Limits: FreePassers Not Allowed

Thursday, February 5th, 2009

President Obama announced that he wants to impose compensation limits on executives of companies that receive government financial rescue funds. His proposal includes the following provisions:

A $500,000 cash cap on annual compensation for senior executives
Requiring top executives at financial institutions to hold stock for several years before they cash out
Requiring nonbinding “say on pay” resolutions [...]