Tuesday, March 17, 2009

Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In

"While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax."

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