Putting The Brakes On Executive Pay: Executive Compensation Limitations For Financial Institutions Participating In The Troubled Assets Relief Program Under The Emergency Economic Stabilization Act Of 2008

Mondaq Business Briefing › United States Law Articles in English (2008)

Author: Mr Daniel C. Hagen

Author position: Jones Day

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Putting The Brakes On Executive Pay: Executive Compensation Limitations For Financial Institutions Participating In The Troubled Assets Relief Program Under The Emergency Economic Stabilization Act Of 2008

The Emergency Economic Stabilization Act of 2008

("EESA") is the latest federal intervention in a

continuing financial system crisis. EESA is designed to help

stabilize credit markets by authorizing the Secretary of the

Treasury ("Secretary") to acquire up to $700 billion of

mortgage-related assets from financial institutions under the

Troubled Assets Relief Program ("TARP"). The political

compromises exacted in order to pass the legislation include

f...

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