(Again, mini-posts this morning in light of time constraints - thanks!).
Compensation Czar Feinberg's August 13th deadline for submission of compensation proposals is fast closing. Subject to the deadline are seven firms that received federal funds earlier this year, including Citigroup. In light of this deadline, I found it really interesting that guaranteed bonuses - uncommon during the worst of the economic crisis - have made a noticeable comeback.
Feinberg's 8/13 deadline is not the only government impetus to try and chain down executive compensation ... but a cynic might say both sides - firms vs. public outrage (proxy government) - of this argument are operating blind to the other's actions. So who is in real need of the reality check? FWIW.
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Compensation Czar Feinberg's August 13th deadline for submission of compensation proposals is fast closing. Subject to the deadline are seven firms that received federal funds earlier this year, including Citigroup. In light of this deadline, I found it really interesting that guaranteed bonuses - uncommon during the worst of the economic crisis - have made a noticeable comeback.
Feinberg's 8/13 deadline is not the only government impetus to try and chain down executive compensation ... but a cynic might say both sides - firms vs. public outrage (proxy government) - of this argument are operating blind to the other's actions. So who is in real need of the reality check? FWIW.
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