White House Seeks To Cap Contractor Pay After New Raise

Law360, New York (April 24, 2012, 3:57 PM EDT) -- The White House budget office said Monday that it was raising the maximum amount the government will pay for contractor executives to $763,000 a year — more than triple the rate 15 years ago — while arguing that further increases "cannot be justified."

In a Federal Register notice, the Office of Management and Budget said that the statutory compensation cap, which is currently based on the median income for executives at companies with more than $50 million in annual sales, should be brought down to about...
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