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Seen and Noted | DeFazio | 29 Sep 2008

um ...

Oh, to hell with that! | Treasury SSFIP | 14 Oct 2008

Programs for Systemically Significant Failing Institutions
The Treasury Department is currently developing a third program to potentially provide direct assistance to certain failing firms on terms negotiated on a case-by-case basis. Treasury is issuing guidance for the executive compensation standards that will apply to the firms participating in such programs and their senior executives (Treasury Notice 2008-PSSFI). These standards are similar in all respects to the Capital Purchase Programs executive compensation standards described above, with one significant difference. In situations where Treasury provides assistance under the systemically significant failing institutions programs, golden parachutes will be defined more strictly to prohibit any payments to departing senior executives.

Diversity is the key to economic and political evolution.
by Cat on Thu Oct 16th, 2008 at 10:16:03 AM EST
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