US government seeks to rein in executive pay – Yahoo Finance. Democrats and administration officials agreed that companies across the private sector need to adjust compensation practices to avoid damaging the economy. Gene Sperling, a counselor to Treasury Secretary Timothy Geithner, said administration guidelines call on all publicly held companies to link compensation to long-term […] ↓ Read the rest of this entry…
Key House Democrat Wants More Government Say in Executive Pay Rep. Barney Frank says excessive compensation packages for top corporate executives played a key role in the country’s financial crisis, and he wants to reign in that pay. “I believe that the structure of compensation has been flawed,” the Massachusetts Democrat said while chairing a […] ↓ Read the rest of this entry…
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