Lawmakers dealing with the proposed $700 billion economic bailout plan have been troubled by the controversial issue of executive compensation at companies that would participate in the plan. Venable partner John O'Neill, a former tax and benefits counsel to the Senate Finance Committee, says "it's become clear" that a proposal will have to contain some sort of limits on such compensation if it's going to stand a chance of passing. O'Neill looks at the payments most likely to be targeted.
Bailout Plan Could Curtail Executive Compensation, Says Former Capitol Hill Lawyer
The American Lawyer
September 26, 2008