House Panel Weighs Broader Curbs On Exec Pay

Law360, New York (January 22, 2010, 2:28 PM EST) -- The U.S. House of Representatives' Financial Services Committee took a closer look Friday at ways to rein in executive compensation at financial institutions, addressing critics' concerns that recent legislative proposals won't do enough to discourage massive bonuses and risk-taking on Wall Street.

Financial Services chairman Sen. Barney Frank, D-Mass., said that his committee would be taking up broad corporate governance reform legislation in 2010 in response to public furor over record compensation and bonuses being reported at some major Wall Street firms that received taxpayer-sponsored bailouts...
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