Thu 31 Jul 2008
office of federal procurement procurement policy executive compensation
Posted by everything under EverythingExecutive Compensation; How much is too much?
The Office of Federal Procurement Policy has increased the GFY 08 cap on executive compensation to $612,196. The GFY 07 cap was $597,912. The cap limits the total amount of executive compensation that can be charged to the Government. The cap does not limit the total compensation.Â
On a related note, Rep. Christopher Murphy, D-Conn has introduced legislation that would require contractors to disclose the names and salaries of their highest paid executives if the company generates 80% of its revenue from federal contracts and holds $5 million or more in such contracts. The bill is currently in committee.
Posted under FAR Regulations by Thomas Marcinko 27.03.2008
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