Senate GOP coronavirus bailout bill caps executive pay at $425,000

[tacobell fan]

• The Senate GOP coronavirus bill would cap executive pay at bailed-out firms, while also allowing the government to take ownership stakes. 
• Democrats are pushing for more restrictions, including the prohibition of stock buybacks by the companies receiving the money.
• According to the measure, no executive at a company receiving money may make more than $425,000 in total annual compensation for two years, retroactive to March 1.

[sattipandu]

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