Execs See Compensation Caps Lifting

May 2009
American Banker;5/19/2009, Vol. 174 Issue 95, p16
Trade Publication
The article reports that many of the highest-paid executives at large U.S. banks were planning to pocket some of the billions of dollars in bailout money which their firms were given by the U.S. government's Troubled Asset Relief Program. Although an overwhelming majority of U.S. voters oppose this idea, upper-level executives are quoted anonymously expressing confidence that the government will still allow them to pay themselves bonuses.


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