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首页> 外文期刊>The North American journal of economics and finance >Overpaid CEOs got FDIC debt guarantees
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Overpaid CEOs got FDIC debt guarantees

机译：高薪首席执行官获得FDIC债务担保

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摘要

From 2008 to 2009, the FDIC guaranteed hundreds of billions of dollars of newly issued bank debt through the Temporary Liquidity Guarantee Program (TLGP). We find that CEOs making more than their peer groups were significantly more likely to steer their companies to obtain federal guarantees for their banks’ debt. The average bank in our sample with a debt guarantee had a CEO who was paid $1.6 million per year more than the average CEO in his or her peer group. In addition, there is evidence that large, systemically important banks were more likely to obtain FDIC debt guarantees.
机译：从2008年到2009年，FDIC通过临时流动性担保计划（TLGP）担保了数千亿美元的新发行银行债务。我们发现，与同龄人相比收入更高的CEO更有可能引导他们的公司获得银行债务的联邦担保。在我们的样本中，有债务担保的普通银行的CEO的年薪比同龄银行的CEO高160万美元。此外，有证据表明，具有系统重要性的大型银行更有可能获得FDIC的债务担保。

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