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In the News Press Release

SNL Financial Quotes Ron Janis on Golden Parachutes Post-TARP

Publisher: SNL Financial
February 15, 2012

Ron Janis was quoted in an article, "TARP fails to stop golden parachutes, but time may," published by SNL Financial on February 15. Ron said that despite TARP's prohibition of such payouts, "there are workarounds that allow executives at the sellers to receive their golden parachutes if the buyer pays off the seller's TARP funds." He also noted, though, that such payments are yielding to popular pressure and will probably not be offered to future executives.

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