Obama to more aggresively curb exec pay: Report
The Obama administration will roll out a plan this week to increase oversight of executive compensation, the New York Times reported this weekend.
The administration is considering proposing tying pay to performance, and requiring bonuses to be more related to company goals, and may be sought through legislation or regulatory methods.
The plan is said to include more stringent capitalization requirements for financial institutions, but would be imposed at a later date once the economy has recovered.
The Times reported that the administration is also currently internally debating over how to more greatly regulate hedge funds.
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