Finally, some sanity "Stimulus restricts compensation, erases massive Wall Street pay packages"
And Congress did this, not Obama. Maybe they're finally finding their cajones.
>"The bill limits bonuses for executives at ALL financial institutions receiving government funds to no more than a third of their annual compensation. The bonuses must be paid in company stock that can be redeemed only when the government investment has been repaid."
With the measure, lawmakers seek to address public outrage over extravagant Wall Street paydays even as taxpayers bail out the industry. <Finally.>