Stimulus Pay Amendment | Stimulus amendment puts tough limits on executive pay

February 15, 2009 by frankls
Filed under: Hot Topics

Stimulus amendment puts tough limits on executive pay
An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top executives at companies receiving federal bailout money.

The amendment by Sen. Chris Dodd, chairman of the Senate Committee on Banking, Housing and Urban Affairs, would impose wide-ranging restrictions on how — and by how much — top executives at companies receiving federal bailout money can be compensated.
The measure would cap bonuses — already often far more lucrative than base salaries for top executives — and could require executives at companies that have already received bailout money to pay back some of their compensation if it exceeded certain limits.

Excerpt from Stimulus amendment puts tough limits on executive pay – CNN.com

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I had filed online and chose direct deposit. According to the dates on the irs web site I should have recieved my stimulus package already. I did have to fill out an amendment, I believe its called a 1040X. It has already been recieved by the IRS though along with what I had to pay back. Would filing an amendment mean that I will get my refund by check? I don't think it would but am now unsure since we have not recieved a refund yet. Please help

Stimulus Bill Has Limits On Executive Pay – The CNN Wire – CNN.com …
WASHINGTON (CNN) — Included in the massive $787 billion economic stimulus package passed by Congress Friday and now awaiting President Barack Obama’s signature is an amendment that would severely restrict bonuses and other forms of ……[Read More]

Obama To Sign Stimulus Package Tuesday In Denver: Report
Stimulus amendment puts tough limits on executive pay. WASHINGTON (CNN) — An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top ……[Read More]

Executive Pay Curbs Approved In US Stimulus Bill – International …
The pay curbs were approved as an amendment to a separate $787 billion economic stimulus package approved by both the Senate and the House of Representatives. It will go next to President Barack Obama, who is expected to sign it into ……[Read More]

TPMDC | Talking Points Memo | Read The Final Stimulus — With One …
But the biggest news is a question that was unresolved until the very last minute: the fight to keeping the Senate stimulus' strong executive pay limits resulted in one victory. Sens. Ron Wyden (D-OR) and Olympia Snowe (R-ME) lost their push … The amendment puts an end to compensation policies unfair to American taxpayers by banning:. * Compensation incentives for senior executive officers "to take unnecessary and excessive risks that threaten the value" of the company. ……[Read More]

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