Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.
But at the last minute, the Bush administration insisted on a one-sentence change to the provision.
Bush Pushed Bailout Loophole On Executive Pay
There is a new deadline for U.S. importers to file for electronic refunds if the Supreme...
In the bowels of the US Federal Reserve this summer, two of the world’s most powerful...
