US government wants say in bank pay

The Obama administration wants the US government to have a say in how financial institutions pay their employees.

US government wants say in bank pay
Thu, 14 May, 2009 - 07:59

The Obama administration wants the US government to have a say in how financial institutions pay their employees.

It is also working to change Wall Street practices so compensation is more closely tied to performance over time.

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CourtsBusinessHeathrowPerson: Timothy GeithnerPerson: Ben BernankePerson: Barney FrankPerson: GeithnerOrganisation: US governmentOrganisation: Obama administrationOrganisation: Federal ReserveOrganisation: FedOrganisation: Securities and Exchange CommissionOrganisation: CongressOrganisation: House Banking CommitteeOrganisation: DemocratOrganisation: PBSOrganisation: American International GroupOrganisation: Treasury
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