Partner Robert Wild Quoted in National Law Journal on Executive Pay

Robert Wild, a partner in the firm’s Corporate Practice, was quoted in an article in the National Law Journal on new rules in the U.S. Treasury Department’s Troubled Asset Relief Program (TARP) limiting executive pay. Mr. Wild says that although banking and finance executive are wary of these provisions, most banks will accept the restrictions in order to receive TARP funds. “The boards [of directors] find it is too good to pass up,” he says. Furthermore, he expects that some institutions will introduce pay restrictions beyond the five senior executives. “The idea is spreading that this ought to be applied throughout the ranks,” he says. (“Bailout Triggers Exec Pay Worries,” January 23, 2009)