Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.
He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.
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[Socialism? Oh you whack jobs and your worries about socialism...
It will prevail - that's where the money and power is - if not beaten down at every occurrence]
Monday, February 9, 2009
TARP's comp curbs could be extended to all businesses
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