On the recordFebruary 24, 2010
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.
Source
congress.gov
