On October 22, 2009, the Special Master for TARP Executive Compensation released seven Determination Memoranda addressing the limits on compensation payable to top executives at TARP entities that received “exceptional assistance.” On the same day, the Federal Reserve Board released proposed guidance on incentive pay at the financial organizations that it regulates. Both the Special Master Rulings and the Fed Guidance build upon several trends related to executive pay that have come more sharply into focus as a result of the financial crisis.
Click here to view memo, Emerging Themes in Compensation Regulation