“The measure is not limited just to those firms that received the largest sums of money, or just to the top 25 or 50 executives of those companies. It applies to all employees of all companies involved, for as long as the government is invested. And it would not only apply going forward, but also retroactively to existing contracts and pay arrangements of institutions that have already received funds.”
So this would apply to bailed out banks? So who cares, pay the money back if you don’t like it...it seems to me pay for performance should be the norm at all companies enforced by folks at the company that want the company to be successful. If the Wall street bankers would bring compensation in line with performance, the stockholders would fare better and government would not be involved. Wall Street, heal thyself because if the government steps in, you won’t like it.