The meetings and travel industry was generally hailing the new executive compensation rules issued by the U.S. Treasury Department on June 10 as a bullet dodged. The interim final rule, which is now in a 90-day public comment period, requires companies receiving Troubled Asset Relief Program funds to develop a company-wide policy for meetings, events, and other corporate travel expenses. The rules are lumped in with TARP requirements for “excessive or luxury expenditures,” an unfortunate ...

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