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Washington
Inside Washington (02/16/2009)
* WASHINGTON (2/17/09)--The Obama administration is seeking to revise part of a $787 economic stimulus package--even after it has been signed into law, which was expected Monday--to change its approach on executive compensation (The New York Times Feb. 16). The proposed restrictions on compensation are applicable to financial institutions that receive government assistance. Under the proposed restrictions, executives could receive no more than $500,000. The bill approved by the Senate and House last week that prevented institutions receiving money from the Troubled Asset Relief Program from giving bonuses to top executives until they repay their bailout money ...


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