tpmmuckraker.talkingpointsmemo.com - 2/4/2009
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As expected, the White House has just announced new restrictions on executive pay to be issued by the Treasury Department, in response to public outrage over cases of CEOs of bailed out firms raking in millions.
The limits set a limit of $500,000 on executive pay, for those firms receiving ...
online.wsj.com - 2/5/2009
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online.wsj.com —
The president is expected to unveil a series
of pay curbs, including a strict $500,000 pay limit...
for top executives of companies that receive "exceptional assistance."
(more)
Obama Issues Executive-Pay Limits
msnbc.msn.com - 2/4/2009
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msnbc.msn.com —
The Obama administration plans to mandate new executive
pay limits on Wednesday for government-assisted financial institutions in...
a new get-tough approach to bankers and Wall Street.
(more)
Obama to announce limits on executive pay
google.com - 2/4/2009
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google.com —
12 hours ago WASHINGTON (AP) The Obama administration
plans to mandate new executive pay limits on Wednesday...
for government-assisted financial institutions in a new get-tough approach to bankers and Wall Street. "If the taxpayers are helping you, ...
(more)
The Associated Press: Obama administration to issue ...
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Blog Reactions
JP Morgan Lobbies For Its Debit Cards to Speed Food Aid to the Poor
TPM Election Central —
... from Michigan illustrates, an all-electronic WIC program makes sense in terms of decreasing the stigma and increasing the convenience for families receiving aid. But I can't help but smile at the timing of JP Morgan's entreaty on a day when the president announces executive-pay limits that ...
Despite Treasury's New Rule, Senators Aren't Giving Up Their Push to Cap CEO Pay
TPM Election Central —
... Here's an important point about President Obama's new restrictions on executive pay at companies receiving aid from the Treasury Department: they're not retroactive. A bank that has already received bailout money would not need to abide by the limits unless it accepts more cash in the future. ...
Related Content
re: Exec Pay
corner.nationalreview.com 2/5/2009 — Normally, I oppose such restrictions, but when banks receive federal aid, the game changes. Of course, they shouldn't have the federal aid to begin with, but if they get it then yes, I do think Obama's exec pay restriction (and other regulations he is ...
Can't Forget: The Exec Pay Limits Were Not Last-Minute Additions
tpmdc.talkingpointsmemo.com 2/17/2009 — If you read the major news media's reporting this week on the executive compensation limits that were included in today's newly-signed stimulus law, you'd think the pay caps were one of those sneaky, dark-of-night maneuvers on the part of Senate ...
Pay Limits in Stimulus May Cause Brain Drain, Industry Says
bloomberg.com 2/14/2009 — Feb. 14 (Bloomberg) -- New restrictions on executive pay at U.S. banks receiving federal aid may cause talented managers to flee to hedge funds and foreign-owned banks, say critics of the measure. The limits, championed by Senate Banking Committee ...
Obama Meets with Al-Arabiya in the White House
stoptheaclu.com 1/27/2009 — By Maggie at Maggie's Notebook
Members of al-Aribiya, the Arab Dubai-based satellite network entered the White House and President Obama "sat" for an interview...in the White House.
Video
Obama in the White House - Interview with al-Arabiya
I'm ...
Time to Go: Bank of America must fire CEO Ken Lewis
seiu.org 1/27/2009 — Over the last few months, it's become abundantly clear that Bank of America CEO Ken Lewis just doesn't get it. The era of greed and irresponsibility is over. Bank of America tellers make about $24,000 a year. That's less than what the CEO of a company ...
House to meet, pass kids health bill —
CNN Political Ticker 2/4/2009
WASHINGTON (CNN) — The House is expected to meet Wednesday and pass a bill that will expand healthcare to an estimated 4 million additional children.
The State Childrens Health Insurance Program (SCHIP) has already passed
the Senate.
Lawmakers ...
Obama's faith-based rollout —
First Read 2/4/2009
From NBC's White House Team During his presidential campaign, Barack Obama never shied away from the fact he'd be open to having faith groups have a major role -- not unlike George W. Bush's famous office of faith based ...
U.S. House approves children's health bill —
Reuters: Politics 2/4/2009
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday approved legislation providing $32.8 billion to expand a popular children's health program and sent the bill to President Barack Obama for his signature.
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