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Examples
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That program, which has invested nearly $200 billion in more than 300 financial institutions, imposes some modest pay restrictions, including a ban on so-called golden-parachute severance payments for top executives.
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In its agreement with the Treasury, AIG said that if necessary, it will have its senior partners agree in writing to the changes, which limit the use of so-called golden-parachute and retention payments.
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According to the Journal, the five executives involved in this latest bid for corporate infamy are concerned the compensation czar is going to trim their 2009 pay and impose even greater restrictions on their 2010 remuneration -- including a prohibition on collecting golden-parachute severance packages.
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Despite their clear leadership failure, AIG executives still feel entitled to outlandish compensation and golden-parachute severance payments.
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That program, which has invested nearly $200 billion in more than 300 financial institutions, imposes some modest pay restrictions, including a ban on so-called golden-parachute severance payments for top executives.
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Companies can't structure compensation programs that "encourage unnecessary and excessive risks" and must prohibit so-called golden-parachute payments to senior executives.
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Firms that sell more than $300 million of assets to Treasury won't be allowed to make any new golden-parachute payments to top executives.
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Firms that sell more than $300 million of assets to Treasury won't be allowed to make any new golden-parachute payments to top executives.
Shape of Massive Bailout Bill Starts to Develop Definition 2008
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Most - at least I know I don't - don't have that kind of golden-parachute.
Desperate Times Demand Revolutionary, Visionary Response 2008
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Any regulator, any supervisor, any runaway would-be golden-parachute artist?
America the Banana Republic Hitchens, Christopher 2008
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