Obama to Work on Executive-Pay Limits After Industry Complaints
The Obama administration pledged to work with Congress on limiting executive pay at banks that get federal bailout money as critics said tough new restrictions in economic-stimulus legislation will prompt talented managers to leave.
The limits, championed by Senate Banking Committee Chairman Christopher Dodd, were tucked into the $787 billion fiscal stimulus bill approved Feb. 13 by Congress. President Barack Obama plans to sign the stimulus bill ...
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