June 2, 2008
Senator Clinton’s New Executive Compensation Bill
We recently wrote a memo that analyzes S. 2866, the “Corporate Executive Compensation Accountability and Transparency Act” that was introduced by Senator Hillary Clinton (D-NY) in April. The memo also analyzes Senator Obama’s outstanding bill.
As noted in the memo, Senator Clinton’s bill is a broad response to concerns over executive pay, and it is currently unclear if it will be voted out of Committee (there are no co-sponsors so far). However, it’s realistic to expect that similar legislation will be introduced next year under a new Administration.
– George Paulin, Frederic W. Cook & Co.