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In 2007, the Chairman of the Financial Services Committee Rep. Barney Frank sponsored legislation that was passed by the House of Representatives, giving shareholders a non-binding vote on executive compensation. Then Senator Barack Obama authored a "Say on Pay" proposal, but his legislation stalled in the Senate.
Speaking on Bloomberg's "Political Capital with Al Hunt," White House senior adviser Valerie Jarrett (pictured) addressed the administration's approach to regulating executive compensation at TARP ...
Cumulative number of executive orders signed by Barack Obama. ... Non-Retaliation for Disclosure of Compensation Information April 8, 2014 April 11, 2014
Kenneth Feinberg, the Obama administration's pay czar, issued several rulings Tuesday reducing compensation packages for executives at five U.S. companies which have yet to fully repay their ...
Jim Watson, AFP/Getty ImagesPresident Obama delivers remarks during a commemoration last year of the 50th anniversary of the Equal Pay Act. President Barack Obama will sign two executive orders ...
On April 20, 2007, Obama introduced a bill in the Senate (Shareholder Vote on Executive Compensation Act – S. 1181) requiring public companies to give shareholders an annual nonbinding vote on executive compensation, popularly called "Say on pay". A companion bill introduced by Rep. Barney Frank passed the House the same day. [201]
Section 951 of Dodd–Frank deals with executive compensation. [80] The provisions require the SEC to implement rules that require proxy statements for shareholder meetings to include a vote for shareholders to approve executive compensation by voting on "say on pay" and "golden parachutes."
In December 2010, President Obama issued Executive Order 13561 [6] carrying out a two-year federal employee pay freeze. [7] Two years later, on December 27, 2012, he issued a new order, Executive Order 13635, which would end the pay freeze and give civilian federal employees a 0.5% raise in 2013. [8]