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Stark & Stark Shareholder Comments on Sarkozy's Threat to Shun US Bankers

Thomas B. Lewis, Chair of Stark & Stark's Employment Group was quoted in the Bloomberg.com article, Sarkozy Threat to Shun Banks on Pay Draws U.S. Alarm. The article discusses the tough rounds of questioning Citigroup Inc. and six other bailed-out companies' are undergoing by the government on how they compensate top-paid executives and the plan from French President, Nicolas Sarkozy, to shun bankers who don't accept pay limits.
 

Mr. Lewis states, 'This is a good way for the corporation to save face if it's challenged by the government, being able to say we looked into this and took this into consideration. It's probably only going to come into play with the very high- wage earners.'

You can read the full article online here.

Full post as published by New Jersey Law Blog on August 26, 2009 (boomark / email).