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Joseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, discusses the executive compensation limitations imposed by the Capital Purchase Program, which was established by the Emergency Economic Stabilization Act of 2008. Approximately 50 financial institutions have already elected to participate in the program, and while the immediate effect will be on senior executives of the participants, the ultimate effect could be much broader.
November 14, 2008 at 12:00 AM
1 minute read
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