Exact(10)
Banks have grown eager to repay TARP money as quickly as possible, to rid themselves of compensation caps and other restrictions that they complain has hurt their competitiveness.
Then there was Mr. Paulson's insistence that there be no compensation caps for executives of companies being bailed out by the factory workers, the farmers, the schoolteachers and the medical doctors.
Two compensation caps are in effect.
He got the okay from Chief Executive Mark Hurd and Hogan's boss, Ann Livermore, to do away with compensation caps.
What is really needed is not strict compensation caps, but smarter, more flexible performance-based pay that aligns bankers' interests with those of their shareholders.
The compensation caps are part of a package of tax incentives designed to help small businesses that Senate Finance Committee Chairman Max Baucus, D-Mont., has attached to the minimum wage bill, which the Senate is expected to vote on Tuesday or Wednesday.
Similar(50)
Interestingly, no commissioner, team executive or coach has a compensation cap.
This week, President Obama proposed imposing a $500,000 compensation cap on companies seeking a bailout.
MARK SCOTT COMPENSATION CAP Morgan Stanley plans to cap all cash bonuses at $125,000 for the year, according to people with knowledge of the bank's plans.
There may be an introduction of a compensation cap on successful discrimination claims, which is presently unlimited (unlike unfair dismissal claims which does have a statutory cap).
Victims of the Windrush scandal could have their compensation capped under government proposals to ensure no individual receives a "disproportionately" high payment from the public purse.
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