{"id":13313,"date":"2009-06-13T16:46:21","date_gmt":"2009-06-13T16:46:21","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bank_execs_still_cash_in_on_the_way_out\/"},"modified":"2009-06-13T16:46:21","modified_gmt":"2009-06-13T16:46:21","slug":"bank_execs_still_cash_in_on_the_way_out","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=13313","title":{"rendered":"Bank execs still cash in on the way out"},"content":{"rendered":"<p>Paul Hodgson is at the Corporate Library, a consulting firm that tracks executive compensation.<\/p>\n<p>    PAUL Hodgson: Almost as soon as these regulations came out, there were concerns that companies would immediately employ consultants to try and find a way around it.<\/p>\n<p>In February Congress tightened the screws, banning all severance payments for top executives, and yesterday the administration issued new rules. But many banks already found ways around the ban.<\/p>\n<p>Associated Banc Corp, based in the upper Midwest, took half a billion dollars in federal aid last fall. Then this May it paid its chief operating officer, Lisa Binder, $1.6 million to leave. But don&#8217;t call it a golden parachute. Instead, Binder signed an agreement not to compete against the bank. The Corporate Library&#8217;s Hodgson calls that cheating.<\/p>\n<p><a href=\"http:\/\/marketplace.publicradio.org\/display\/web\/2009\/06\/11\/pm_tarp_comp\">Read or listen to it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul Hodgson is at the Corporate Library, a consulting firm that tracks executive compensation. PAUL Hodgson: Almost as soon as these regulations came out, there were concerns that companies would immediately employ consultants to try and find a way around<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=13313\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,589,149,168,114,599,585,596,34],"tags":[],"class_list":["post-13313","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-law-legal-issues","category-stock-market","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/13313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13313"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/13313\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}