Executive Counsel Blog

The Employment Law Group® law firm provides legal counsel for executive compensation negotiations.

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Entries Tagged as 'Federal Legislation'

COBRA Coverage Assistance Extended

December 28th, 2009 · No Comments

On December 19, 2009, the American Recovery and Reinvestment Act of 2009’s (ARRA) COBRA health insurance subsidy was expanded.  Under ARRA, individuals involuntarily terminated from an employer covered under COBRA may be eligible to pay a reduced amount equal to 35% of their usual COBRA extended coverage premium.  The extension, included in the Department of […]

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Tags: Executive Compensation · Executive Compensation Attorney · Federal Legislation

CFAA Article by Adam Carter Published

December 8th, 2009 · No Comments

BNA has published an article by Adam Carter of The Employment Law Group® law firm on the Computer Fraud and Abuse Act in the most recent edition of the Workplace Law Report.  The article, entitled “Combating Claims of Computer Fraud and Abuse,” discusses recent cases and techniques for defending against claims brought under the Act.  […]

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Tags: Federal Legislation

Former President of Refco Appeals to Supreme Court after 10 Year Sentence

December 1st, 2009 · No Comments

On Sept 28, 2009, Tone N. Grant, the former president of Refco Inc., filed a petition for a writ of certiorari.  The petition questions the way a lower court handled evidence concerning documents that were given to the Securities and Exchange Commission.  During an SEC investigation, Grant voluntarily turned over numerous documents.  Contained in those […]

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Tags: Federal Legislation

Amendments to Proposed Health Bill Lower Deductibility of Insurance Executive Pay

October 13th, 2009 · No Comments

On October 1, 2009, the Senate Finance Committee, by a vote of 14-8, approved an amendment proposed by Sen. Blanche Lincoln (D., Ark.) which would lower the current executive pay tax deduction from $1 million to $500,000.   The amendment was made to the proposed America’s Healthy Future Act of 2009 and includes deferred remuneration and […]

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Tags: Executive Compensation · Federal Legislation

White House to Announce New Rules on Executive Pay

June 10th, 2009 · No Comments

Today, the Obama administration is scheduled to announce proposals that would give shareholders more input on executive compensation and ensure that corporate compensation committees have more independence when determining executive pay.  The first proposal, known as the “Say on Pay” proxy resolution would require all publicly traded companies to allow an annual, nonbinding vote for […]

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Tags: Executive Compensation · Federal Legislation

House Passes New Bill with More Restrictions on Executive Pay

April 8th, 2009 · No Comments

The House has approved H.R. 1664, the Pay for Performance Act of 2009, to restrict executive compensation at companies that have received funds from the Troubled Assets Relief Program (TARP). The decision to impose additional limitations on executive payouts follows a massive public outcry about the $165 million that American International Group, a recipient of […]

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Tags: Executive Compensation · Federal Legislation

Congress Enacts Bailout Bill to Include Cap on Executive Pay

October 3rd, 2008 · No Comments

Today, Congress approved H.R. 1424 (“Emergency Economic Stabilization Act”) which authorizes the Federal Government to purchase and insure certain types of assets to stabilize the economy and protect taxpayers’ interests.  The bailout bill also includes a provision limiting executive compensation.  In particular, the bill prohibits financial institutions from making golden parachute payments to senior executives […]

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Tags: Federal Legislation