EXECUTIVE COMPENSATION LIMITS REDUX: What the Economic Stimulus Plan Has Changed for Bank Executives and Others

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On February 4, 2009, the U.S. Treasury Department announced new guidelines on executive compensation restrictions for financial institutions that receive TARP funding. (See our Newsletter dated February 6, 2009 for a description of those guidelines.) Nine days later, Congress has adopted rules on the same subject, as part of the much larger American Recovery and Reinvestment Act of 2009 (ARRA).

Please go to: http://www.manatt.com/uploadedFiles/News_and_Events/Newsletters/BankingLaw@manatt/Executive%20Compensation%20Provisions%20of%20ARRA.PDF

to see the Executive Compensation Provisions of the new statute.

For more information, please see full newsletter.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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