03-22-2009, 07:34 AM
|
|
|
Confirmed User
Industry Role:
Join Date: Mar 2004
Location: Rock Hill, SC
Posts: 5,370
|
Quote:
Originally Posted by IllTestYourGirls
|
Quote:
|
Originally Posted by Repuglican
The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission. Last month, as part of the stimulus package, Congress barred top executives at large banks getting rescue money from receiving bonuses exceeding one-third of their annual pay.
|
This is a typical practice that I see right wingers do alot. Take a news item/article and edit it with the hopes noone actually reads the article. Here is what the article actually says.
Quote:
|
Originally Posted by NYT
One proposal could impose greater requirements on company boards to tie executive compensation more closely to corporate performance and to take other steps to ensure that compensation was aligned with the financial interest of the company.
The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission.
During the presidential campaign, Mr. Obama repeatedly urged regulators to adopt new rules to give shareholders a greater voice in setting executive pay for all public companies. And last month, as part of the stimulus package, Congress barred top executives at large banks getting rescue money from receiving bonuses that exceeded one-third of their annual pay.
|
|
|
|