Financial Services Question
Is it true that banks now have to put on a cap on executive bonuses?
Or just "talk"?
Asked by TBone in
Financial Services
10 months ago
Answers
2222 points
readytoretire answered 10 months ago …
The Congress and Obama are talking about making that a requirement for getting government help. The amount of bonuses that wall street handed out last year did seem a little out of the range of their performance last year. It was the 6th highest year of payout.
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2082 points
alanj answered 10 months ago …
I was watching FOX news and the crawl at the bottom of the screen stated that banks that take bailout money are to limit executive compensation to $500,000. I took that to mean total pay for a year. (Regular pay plus bonuses.) I took that to mean that it is actually the rule now for excepting gov loans.
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