On Capitol Hill, the House has approved a weaker version of a bill to cap executive payments at bailed-out firms. The measure follows moves by Senate Democrats to quash last month’s much trumpeted House measure that would have imposed a 90 percent tax on bonuses. The new House measure limits the scope of bonuses that can be considered “excessive” and gives the Treasury greater leeway in oversight.
House OKs Weaker Exec Pay Caps
HeadlineApr 02, 2009