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Congress Curbs Compensation of Executives Under Financial Rescue Plan (PDF)
FW Cook [Guidance Overview] Oct. 7, 2008
6 pages. Excerpt: As part of the Emergency Economic Stabilization Act of 2008 (commonly referred to as the 'Financial Rescue Plan' or 'Bailout Bill' ... signed into law on October 3, various limitations have been imposed on executive compensation including: New limits on tax deductibility, Prohibition of certain golden parachute payments, Enhanced 'clawback' provisions to recoup compensation, and Prohibition of incentives that involve 'unnecessary and excessive risks.'
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