June 11, 2009
Executive Compensation
A House Financial Services Committee hearing was held a on regulating executive pay at publicly traded companies. Obama administration officials testified on how to eliminate the compensation practices that encouraged excessive risk-taking and contributed to the financial collapse that has devastated the economy. The Obama administration is expected to appoint a "special master" to oversee executives' compensation at companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive.
Red Tape Reform is the Key to Building Again | The Hill
Adam Thierer