Make This My Home Page | Feedback |RSS
Channels Astrology | Cricket | Tenders | Classified | Blogs | Shopping | Opinions | Hotel| Travel
You are here: IE »   Story

Obama sets salary cap for bailout firms

Post Comment
FontLarger | Smaller
  • Print
  • Mail This Article
  • Comments
  • Add to favorites
    • Reuters Tags : economy, world, US govt bailout, recession, global economic slowdown Posted: Wednesday, Feb 04, 2009 at 1043 hrs Washington:
    Obama
    Obama will set a $500,000 a year cap on executive pay for cos that take US government funds.
    Discount UK Shopping

    US President Barack Obama will set a $500,000 a year cap on executive pay going forward for banks and other companies that take US government funds to stabilize their businesses, an administration official said on Tuesday.

    The president's announcement, to be made on Wednesday, will kick off a long term effort to reform executive compensation rules, the official said.

    Comments
    Post comment

    Be the first to comment.

    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.