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Bailout Bill Hones Ax Over Executive Pay
Workforce Management
Oct. 23, 2008
Excerpt: The big bank bailout doesn't just take aim only at excessive severance packages for top executives of financial companies, as has been widely reported. The limitations Congress has mandated apply to other elements of bailed-out financial institutions' pay packages, and they could potentially apply to those of other publicly traded companies in the not-too-distant future. The provision that may have the greatest impact on financial firms is a new $500,000 deductibility limit that will apply to all forms of compensation for top officers.
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