Salary caps nixed for bailed-out firms

Reports say plans to cap salaries at firms getting bailout money is being nixed by the Obama administration, which will leave it to Congress to limit bonuses.  But the White House will name a “pay czar” to monitor bailed-out companies and will still push to revamp compensation practices in the financial industry.  School of Management Professor Fred Foulkes, director of the Human Resources Policy Institute, can discuss trends in executive compensation.

Contact Fred Foulkes, 617-353-4281, ffoulkes@bu.edu

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