Bloomberg.com: Banks Repaying TARP to be Freed of Bonus Curbs Imposed by Dodd

Bloomberg.com: Banks Repaying TARP to be Freed of Bonus Curbs Imposed by Dodd

June 10 2009

JPMorgan Chase & Co., Goldman Sachs Group Inc. and the eight other banks cleared yesterday to repay their U.S. government rescue money will be freed from legal limits on bonuses for their top 25 employees.

“Stronger companies may really look to shore up their talent pool with top players and the place they’ll go hunting for them is companies with TARP restrictions,” said Steven E. Hall, managing director of New York-based Steven Hall & Partners.