February 11, 2009
Tomorrow’s Webcast: The New Executive Compensation Restrictions
– Broc Romanek, CompensationStandards.com
Now that the Senate has passed a bill with executive compensation restrictions that are dramatically different than the new set of Treasury guidelines that were just adopted last week, confusion reigns (within the 780-page “American Recovery and Reinvestment Act” is the Senate’s own set of executive compensation standards in Title VI of Division B; I could only find the bill on “Thomas“).
Try reading the Senate’s executive compensation provisions (here’s a memo outlining them; Mark Borges has provided an outline in his blog) – and you’ll get the feeling that various Senators got to insert their own random provisions because they don’t seem to work together. Hopefully this will get fixed during the House-Senate conferencing before this hodge-podge becomes law.
Tune in tomorrow for this webcast – “TARP II: The Executive Compensation Restrictions” – to help you sort through all the latest developments.