That settles it; I’m out of the PPIP program

Posted by Marc Hodak on April 21, 2009 under Executive compensation | Be the First to Comment

According to Special Inspector General Barofsky, buyers or assets in the PPIP program “could be subject to the executive compensation restrictions.”

Barofsky’s boss, Geithner, disagrees.  But Geithner is not the house lawyer.

If Barofsky is right and Congress refuses to clarify that buyers won’t be subject to the comp constraints, PPIP is dead.  At this point, even if Congress has to act because of the way the law is currently written, a lot of potential buyers will be scared away.

HT:  Megan