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Are limits on executive compensation for banks that accept federal funds just the first wave in a future sea of pay measures?
Alix Stuart, CFO Magazine
December 1, 2008
Finally a step in the right direction; however I have a hang-up with the word 'must' from ... "firms receiving federal bailout fund must: ...". I would prefer the word, 'shall'. It places more emphasis on 'has a duty to'. Better yet, it states the actions are mandatory or suffer dire consequences. Regards.
Posted by Stone Laraway | December 10, 2008 12:41 pm
When companies do not act responsible with regard to executive compensation, they will dis-infranchise their employees, shareholders, and invite government involvement, especially in publicly traded companies, and especially those seeking government assistance.
Posted by Douglas Shearer | December 10, 2008 12:14 pm
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