Obama administration: Executive pay needs curbs, better management, across private sector

WASHINGTON — The Obama administration says excessive executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the economy.

Key Democrat might push Obama administration on corporate pay strategies

WASHINGTON — As the Obama administration takes a half-step toward taming executive pay, Congress might consider a fuller stride.

Key Democrat might push administration on corporate pay strategies

WASHINGTON — The Obama administration struck a delicate balance on executive pay Thursday, blaming flawed compensation packages for encouraging disastrous risk-taking but insisting it doesn’t want to dictate how corporations reward their top people.

Administration rejects a strong hand in corporate pay, looks to shareholder pressure instead

WASHINGTON — Talking tough but stepping gently, the Obama administration rejected direct intervention in corporate pay decisions Wednesday even as officials argued that excessive compensation in the private sector contributed to the nation’s financial crisis.

Geithner says administration will not seek to cap compensation of corporate executives

WASHINGTON — The Obama administration, which partly blamed out-of-whack executive pay for the nation’s financial crisis, says it won’t try to directly limit such pay, choosing instead on Wednesday to try to tame compensation through shareholder pressure.

Official: Obama to seek legislation giving shareholders a voice on executives’ pay

WASHINGTON — An administration official says President Barack Obama will ask Congress to give shareholders a nonbinding voice in how much corporate executives are paid. It’s an effort to link compensation to long-term performance rather than short-term gains.

Official: New overseer will have power to reject executive pay at firms getting bailout funds

WASHINGTON — An Obama administration official says the administration will appoint a “special master” to oversee executives’ compensation at companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive.

Obama administration ready to tighten rein on Wall Street pay

WASHINGTON — The Obama administration will give a new Treasury official power to reject executive pay packages at firms that receive government assistance and wants legislation that would seek to tame compensation across the corporate world, an administration official said Wednesday.