In it, but not of it. TPM DC
"The plan is to take out the executive compensation provisions ... and blame the Republicans for setting out the level [of $800 billion]" for the final version of the stimulus, Sherman said.
"The question," he added, "is whether the two senators from Maine, in particular, want to see their insistence on a [maximum] dollar amount [for the stimulus] ... be the reason why the executive compensation stuff comes out of the bill."
I've asked the offices of Senate Majority Leader Harry Reid (D-NV) and Finance Committee Chairman Max Baucus (D-MT), two members of the conference committee that will hammer out the final version of the stimulus, whether removing the CEO pay caps is indeed on the table -- we'll keep you posted.
Late-Night Update (11pm): Still no response from Reid or Baucus, but an AP report this hour suggests that their silence on the CEO pay caps may speak volumes. From that story:
There was also pressure [during private stimulus negotiations] to drop a provision limiting compensation for top executives of companies receiving federal bailout assistance. [The limits] add to the cost of the bill, and ... could presumably be passed in different legislation later in the year.