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Labor & Employment Law

: Thoughts from a Management Lawyer

President Obama Announces Executive Pay Rules

By Michael Fitzgibbon

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As part of the bailout package President Obama announced new rules that would:

... set a $500,000 cap on cash compensation for the most senior executives, curtail severance pay when top executives left a company, restrict cashing in on stock incentives until government assistance was repaid and prod corporate boards to closely scrutinize luxury perquisites like private jets and country club memberships.

As the New York Times articles suggests, there would seem to be a number of loopholes under the new rules.  That being said, "the rules represent the most comprehensive effort to curb compensation."

Full post as published by Thoughts from a Management Lawyer on February 05, 2009 (boomark / email).

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