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Current DateTime: 09:42:05 29 Jul 2009
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Current DateTime: 09:42:05 29 Jul 2009
LinksList Documentid: 24355697

Current DateTime: 09:42:05 29 Jul 2009
LinksList Documentid: 24890560
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US SEC Proposes Say on Pay for TARP Companies
By: Reuters | 01 Jul 2009 | 12:15 PM ET
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U.S. securities regulators proposed Wednesday giving investors a greater say on executive pay at companies that have received taxpayer funds, as requested by Congress.

The Securities and Exchange Commission voted unanimously to give shareholders an advisory vote on executive pay at more than 500 companies that received funds under the Troubled Asset Relief Program (TARP).

SEC

The $700 billion bailout program was enacted in 2008 to prop up the banking system, including large, systemically important banks like Bank of America[BAC  Loading...      ()   ].

However, a number of other industries had begged for government assistance.

Now insurers such as Hartford Financial Services Group[HIG  Loading...      ()   ] have taken federal bailout money.

Copyright 2009 Reuters. Click for restrictions.
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Current DateTime: 09:19:37 29 Jul 2009
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Current DateTime: 09:59:38 29 Jul 2009
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Current DateTime: 05:33:13 29 Jul 2009
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Current DateTime: 11:56:37 29 Jul 2009
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