Claims and Bad Faith Law Blog: Fiduciary Duties of Repeat Bailouters: Pay Limits and Reduced Perks?

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March 09, 2009

Do the Fiduciary Duties of Officers and Directors of Repeat Bailout Borrowers require them to limit their pay and reduce their perquisites?

Maybe the Fiduciary Duties of Directors and Officers of Serial Bailout Borrowers do require those things. It is something to think about, among other things floated by Allan Sloan, "Deals/Lawmakers Need to Translate Rhetoric Into Real Reform on Wall Street" p. D2, col. 3 (Washington Post, Tuesday, March 3, 2009).

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