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American Benefits Council Letter to Senate Banking Committee Regarding Executive Compensation and the Financial Relief Program (PDF)
American Benefits Council
[Opinion] Sept. 24, 2008 2 pages. "I am writing to express the concerns of the American Benefits Council regarding unknown and potentially unforeseen negative implications of the executive compensation restrictions under consideration for inclusion in legislation responding to the current crisis in our financial markets.... We appreciate that policymakers are concerned about the executive compensation practices at certain distressed financial institutions that are the focus of the current legislation. Yet we urge you not to add broad restrictions on executive compensation to the legislation, at this time, due to the potential to undermine the effectiveness of the critically important asset purchase program that the legislation would establish." MORE >> |
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