Corporate Governance Takes Back Seat in Bailouts (Alistair Barr)

Treasury's investments will do little to advance cause, experts say

SAN FRANCISCO (MarketWatch) -- The U.S. Treasury's plan to invest $125 billion in nine of the country's largest banks will do little to advance the corporate governance movement, experts said on Friday. {xtypo_quote_right} "Under the rules, you can still pay out up to three times annual salary and bonus," McGurn said. "The legislation looked like it had real teeth, but the interim final rule is just a gap-toothed smile." {/xtypo_quote_right}