Possible Challenges To Retroactive Restrictions On Executive Compensation
Mondaq Business Briefing › United States Law Articles in English (2009)
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Possible Challenges To Retroactive Restrictions On Executive Compensation
The Stimulus Bill, Section 7001, expands theexecutive-compensation restrictions of last fall's EmergencyEconomic Stabilization Act (§ 111). It requires the TreasurySecretary to apply the new restrictions retroactively, to allexisting TARP recipients.In addition, the House has passed a bill that would impose a90% surtax on bonuses granted to employees who earn more than$250,000 at companies that have received more than $5 billion inTARP funds (not counting repaid TARP f...See the full content of this document
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