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January 13, 2010

FDIC Calls for Penalizing Risky Compensation
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The Federal Deposit Insurance Corp. has advanced a proposal to penalize
banks that continue risky compensation practices for top executives. The
move would reduce fees for firms that adopt steps including awarding
bonuses in the form of stock that can’t immediately be cashed in.
Companies that don’t adopt changes would face higher fees. On Tuesday,
the FDIC board voted to seek public comment on the proposal.



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