New Executive Compensation Restrictions Under the Emergency Economic Stabilization Act of 2008
On February 4, 2009, the U.S. Department of Treasury (“Treasury”) announced guidelines (the “Guidelines”) for executive compensation paid by financial institutions that receive government assistance. The Guidelines are “designed to ensure that the compensation of top executives in the financial community is closely aligned not only with the interests of shareholders and financial institutions, but with the taxpayers providing assistance to those companies.”
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