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Federal Reserve Board and TARP Special Master Take Action on Compensation Practices



by Robert C. Fleder
Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office

Paul D. Ginsberg
Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office

Lawrence I. Witdorchic
Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office

Reuven Falik
Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office

October 28, 2009

Previously published on October 23, 2009

On October 22, 2009, in a coordinated effort, the Board of Governors of the Federal Reserve System (the "Board") and the Special Master for TARP Executive Compensation, Kenneth R. Feinberg (the "Special Master"), took actions with respect to employee compensation at certain financial institutions and TARP recipients.


 

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