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奥巴马限制受助公司高管年薪

(2009-02-05 14:09:13)
标签:

高管年薪

救助资金

奥巴马

财经

美国

学英文

杂谈

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美国总统奥巴马(Barack Obama)周三公布了一系列薪酬限制措施,其中包括对接受“特殊救助”的公司实施严格的高管薪酬新规定。这些规定表明,白宫要确保接受政府救助资金的金融机构能负责地使用这笔钱。

奥巴马表示,令民众愤怒的是──他们也理应不满──企业高管正在为其犯下的错误接受奖赏。更离谱的是奖金还有一部分要由纳税人来出。

根据新规定,那些接受政府“特殊救助”的公司,其高管年薪不能超过50万美元。额外薪酬必须以限制性股票的形式发放,且要等这些公司归还了纳税人的钱之后才能出售股票。

新政策在现行规定的基础上更进了一步;根据目前的规定,接受救助的公司不能对超过50万美元的高管薪酬申请减税。

奥巴马在白宫表示,我们将要求企业接受一些限制以换取联邦救助──这样当公司寻求新的联邦救助资金的时候,我们就不会发现它们再耍旧花招了。

与此同时,美国参议院周三将推出对经济刺激计划的两个修正案,意在限制高管薪酬。

俄勒冈州民主党参议员怀登(Ron Wyden)和缅因州共和党参议员斯诺(Olympia Snowe)提出了一项计划,要求去年第四季度接受问题资产救助计划(TARP)救助资金的公司收回已经支付给高管的奖金。这些公司有两个选择:要么立即收回超出10万美元部分的已支付奖金,要么为超出10万美元的奖金缴纳35%的消费税。

第二项提议由几位民主党参议员提出,同样针对从财政部接受救助资金的公司,要求这些公司的高管薪酬不得超过40万美元──正好是美国总统的年薪水平。

白宫方面,奥巴马正与财政部长盖特纳(Timothy Geithner)紧张商议。盖特纳下周将公布奥巴马政府金融业新救助计划的更多细节内容,外界普遍预计新计划所耗资金将超过TARP计划剩余的3,500亿美元。

最为严格的限制措施将只适用于那些财务状况极其糟糕的公司,它们不得不需要数额特别庞大的救助资金或其他援助,例如政府为美国国际集团(AIG)、美国银行(Bank of America)和花旗集团(Citigroup)提供的救助。

白宫还表示,接受“特殊救助”的公司其他高管将受到当前有关奖金和“金色降落伞”的规定限制。“金色降落伞”是公司与高管之间签署的离职补偿协议。根据现行规定,如果随后发现公司虚报财务状况,公司前五位高管必须交出奖金;新规定将范围扩大到了前25位高管。当前规定禁止公司前五位高管获得金色降落伞,新规定将范围扩大到了前十位高管,并对往下25位高管的离职补偿作出了限制。

此外,所有接受救助的银行都将面临更为严格的限制,包括对金色降落伞的新限制规定,以及所谓“薪酬话语权”政策,即公司股东在高管薪酬问题上有发言权。具体而言,高管薪酬计划和基本政策必须提交股东表决,不过决议是非强制性的。

所有银行还将面临更为严格的信息披露规定,银行在航空服务、办公室装修、娱乐和假日聚会、会议和活动以及金色降落伞方面的支出都将受到限制。

新规定可能不会往前适用于已经接受救助的公司。但那些已经接受财政部救助资金的公司必须表明它们已经遵守了现行规定,并同意接受严格监督。

参与总体可用资本获取计划(Generally Available Capital Access Program)的金融机构可以不受50万美元年薪限制,但必须披露高管薪酬计划,并在要求时遵从一项非限定性“薪酬话语权”股东决议。

2009年 02月 05日 10:08
Obama Links Bailout to Caps on Pay
President Barack Obama unveiled Wednesday a series of pay curbs, including a strict new limit on executive salaries for companies that receive 'exceptional assistance.'

The rules represent the White House's attempt to ensure that financial institutions receiving government money are held accountable for spending it responsibly.

'What gets people upset -- and rightfully so -- are executives being rewarded for failure. Especially when those rewards are subsidized by U.S. taxpayers,'' the president said.

Under the new rules, companies that receive 'exceptional assistance' from taxpayers may not pay any top executive more than $500,000 a year. Any additional compensation would have to be in restricted stock that will not vest until taxpayers have been repaid.

This goes beyond current rules, which bar such companies from taking a tax deduction for compensation above half a million dollars.

'We're going to be demanding some restraint in exchange for federal aid -- so that when firms seek new federal dollars, we won't find them up to the same old tricks,' Mr. Obama said at the White House.

Meanwhile, two amendments to the stimulus bill aimed at limiting executive compensation were to be introduced in the Senate Wednesday.

Sens. Ron Wyden (D., Ore.) and Olympia Snowe (R., Maine) have put forward a plan to claw back bonuses already paid to senior executives at firms that received TARP money in the final quarter of 2008. It would give companies a choice: either they could return any amount paid in bonuses over $100,000 to executives immediately, or pay a 35% excise tax on the bonus over $100,000.


A second proposal set to be introduced by several Democratic senators would place a limit going forward for the total compensation of executives at firms receiving bailout money from the Treasury at $400,000 -- the same level as the president's salary.

At the White House, the president was joined by Treasury Secretary Timothy Geithner, who will release more details the administration's new financial rescue package next week, a strategy widely expected to cost more than the $350 billion remaining in the Troubled Asset Relief Program.

The strictest rules apply only to firms that are in such bad financial shape that they need a particularly large sum of money or other help, like those given to American International Group Inc., Bank of America Corp. and Citigroup Inc.

The White House also said that additional executives at the firms receiving 'exceptional assistance' will be subject to existing rules regarding bonuses and golden parachutes. Under current rules, the top five senior executives are required to repay bonuses if it is later found that the company misstated its financials; the new rules will subject the top 25 executives to that provision. Existing rules bans golden parachutes for the top five senior executives; the new rules covers the top 10 executives, and limits severance packages for the next 25 executives.

In addition, all banks receiving help will face tougher restrictions, including new rules limiting 'golden parachutes' and requirements that shareholders have a say on compensation for top executives, so-called 'say on pay' policies. Specifically, senior executive compensation plans and rationale must be submitted to a non-binding shareholder resolution.

All banks will face tougher disclosure rules, which will affect spending on matter such as aviation services, office renovations, entertainment and holiday parties, conferences and events, and golden parachutes.

The new rules wouldn't be applied retroactively to companies that have already received aid. Instead, companies that have already received help from Treasury will be required to demonstrate that they have complied with the existing rules and agree to strict monitoring and oversight.

Financial institutions participating in the Generally Available Capital Access Programs can waive the $500,000 limit but would have to disclose those plans and, if requested, submit to a nonbinding 'say on pay' shareholder resolution.

Laura Meckler
http://chinese.wsj.com/gb/20090205/bus101228.asp?source=whatnews1

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