Executive compensation was once a matter of vanilla corporate governance. Each industry practiced standards among peer companies, and the details of how an employee was compensated was newsworthy only as a matter of competitive comparison. The ongoing economic crisis, however, has transformed the issue into an outlet for public catharsis, the subject of political rhetoric and a bogeyman for frailties in the economic system. Draft legislation proposing new ways of re-regulating the matter offers powerful incentives for companies to alter their internal compensation structures. Legislative consensus aligns pay with performance, tying compensation to the long-term stability of the company and the larger financial system. This article will explore some of that re-regulation, as well as some of the current litigation over executive compensation.
EXECUTIVE PAY RESTRICTIONS IMPOSED UPON TARP RECIPIENTS
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
