Political Quotes

“This amendment would apply to recipients of TARP assistance, stronger restrictions on executive compensation. It bans bonuses for most highly paid executives of TARP-recipient firms: Prohibits TARP recipients from paying a bonus, retention award, or other similar incentive compensation to the 25 most highly-paid employees "or such higher number as the Secretary of the Treasury may determine is in the public interest with respect to any TARP recipient." It requires a retroactive review: The Secretary of the Treasury must review bonus awards paid to executives of TARP recipients to determine whether any payments were excessive, inconsistent with the purposes of the act or the TARP or otherwise contrary to public interest and, if so, seek to negotiate with the recipient and the subject employee for appropriate reimbursement to the Government.”