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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 422.23

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Jan 12 4:00 PM EST

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To: carranza2 who wrote (50207)	5/19/2009 1:40:07 AM
From: Haim R. Branisteanu	Read Replies (1) of 219297

Geithner nixes executive-pay caps (with NO SHAME) Treasury Secretary Timothy Geithner said instead that the government should set compensation standards to keep finance institutions from taking too much risk. Secretary Timothy Geithner says the U.S. government should not impose caps on executive pay in the financial sector. However, he said Monday that the government can set compensation standards to curb excessive risk-taking by financial institutions. Such standards could combine with compensation disclosure requirements and giving shareholders the ability to vote on salary packages. Mr. Geithner made his comments during an interview at a luncheon. Wall Street bonuses and retention packages have provoked anger among the public and in Congress. Lawmakers have moved to limit pay for top employees at financial institutions that have received federal government assistance. The standards envisioned by Mr. Geithner would apply to all financial institutions. ©Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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