Attempts To Limit CEO Pay Have Yet To Succeed

September 26, 2008

Original publication:

Date of publication: September 26, 2008

WASHINGTON -- There's one thing that angry lawmakers and their constituents agree about the Wall Street bailout being crafted by Congress: Executives at teetering companies the government helps steady shouldn't walk away with millions of taxpayer dollars stuffed in their pockets.

But Washington has tried before to limit the compensation of chief executives. And Wall Street has found ways around it. Corporate governance experts said they wouldn't be surprised if the armies of lawyers, accountants and executive compensation consultants employed by major corporations again ferret out loopholes in whatever restrictions Congress crafts.

Read the full article in the Los Angeles Times.