Which of the following is the objective of the Grayson-Himes Pay for Performance Act?
A. To ban future “unreasonable and excessive” compensation at companies receiving federal bailout money
B. To set up the Public Company Accounting Oversight Board in the wake of accounting scandals that rocked the private sector
C. To outlaw the practice of backdating of stock options awarded to senior management
D. To set upper limits on executive pay based on average employee salary in all private sector organizations
Answer:A
Which of the following is the objective of the Grayson-Himes Pay for Performance Act?
A. To ban future “unreasonable and excessive” compensation at companies receiving federal bailout money B. To set up the Public Company Accounting Oversight Board in the wake of accounting scandals that rocked the private sector C. To outlaw the practice of backdating of stock options awarded to senior management D. To set upper limits on executive pay based on average employee salary in all private sector organizations