Matt Cartwright: “By application of the principles set forth in Treasury's rule on executive compensation to the facts and circumstances…”

“By application of the principles set forth in Treasury's rule on executive compensation to the facts and circumstances underlying my determinations to date, I have developed a number of generally applicable practical prescriptions, including the following: guaranteed income is rejected except for cash salaries at sufficient levels to attract and retain employees; these generally should not exceed $500,000 per year except for good cause shown; total pay should generally not exceed the 50th percentile of total compensation for similarly situated employees.”