Submitted by Irene, Sep 29, 2008 15:17

Moot point since the bailout has been voted down by the house but I've been trying to confirm the following statement from this article: "For one, the legislation includes tax disincentives meant to discourage participating financial firms from paying their top five executives more than $500,000 apiece, a pittance by Wall Street standards. The bill also includes limits on severance pay to top executives at firms that receive large amounts of the bailout money." I did see that there was a provision against a golden parachute but I could find no mention of salary caps for the top 5 executives of participating firms. I was wondering where this provision was found?

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