Obama Confirms Plans To Limit Executive Compensation
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President Barack Obama confirms plans to place limits on executive compensation for those companies receiving "exceptional" government assistance.
The restrictions will include a $500,000 pay cap for top executives. Any additional compensation will have to come in the form of restricted stock that won't vest until the government is paid back.
The restrictions will include a $500,000 pay cap for top executives. Any additional compensation will have to come in the form of restricted stock that won't vest until the government is paid back.
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