{"id":192915,"date":"2009-02-05T19:30:00","date_gmt":"2009-02-06T00:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/05\/exec-pay-limit-as-toothless-as-gabby-hays\/"},"modified":"2009-02-05T19:30:00","modified_gmt":"2009-02-06T00:30:00","slug":"exec-pay-limit-as-toothless-as-gabby-hays","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/05\/exec-pay-limit-as-toothless-as-gabby-hays\/","title":{"rendered":"Exec Pay Limit as Toothless as Gabby Hays"},"content":{"rendered":"<p>Remember when I said yesterday that <a href=\"http:\/\/40yrs.blogspot.com\/2009\/02\/devil-is-in-details.html\">The Devil is in the Details<\/a> regarding Obama&#8217;s pay limits?<\/p>\n<p>Well, ProPublica is <a href=\"http:\/\/www.propublica.org\/article\/bailout-plenty-of-limits-to-obamas-new-exec-pay-limits-090204#7867\">all over this<\/a>&#8230;..The bullet points:<\/p>\n<ul>\n<li>No enforcement mechanism or penalties.<\/li>\n<li>The conditions for things like stock grants are unclear, and look to be loophole filled.<\/li>\n<li>Shareholder votes on pay are non-binding.<\/li>\n<li>The $500K limits applies only to banks that aren&#8217;t &#8220;healthy&#8221;, which is basically <span style=\"font-weight: bold;\">none of them<\/span>, because if Citi qualifies as &#8220;healthy&#8221;, <span style=\"font-weight: bold;\">they all do<\/span>.<\/li>\n<\/ul>\n<p>Oh, well, it was nice believing that something would be done for a few minutes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember when I said yesterday that The Devil is in the Details regarding Obama&#8217;s pay limits? Well, ProPublica is all over this&#8230;..The bullet points: No enforcement mechanism or penalties. The conditions for things like stock grants are unclear, and look to be loophole filled. Shareholder votes on pay are non-binding. The $500K limits applies only &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-192915","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192915"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192915"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192915\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}