An industry coalition writes
model policies for meetings and
incentives held by companies
receiving bailout funds.
Congress inserted rules on executive compensation into the American Recovery and Reinvestment Act, signed by the president February 17, which included limits on luxury expenditures, including meeting and events. In the Act's language, TARP recipients must have “a companywide policy regarding excessive or luxury expenditures, as identified by the Secretary, which may include excessive expenditures on: entertainment or events; office and facility renovations; aviation or other transportation ...
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