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