On July 21, 2010, President Barack Obama signed The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) into law, in response to the financial crisis of 2008. Part of the cause of the crisis came from large American companies awarding bonuses and other forms of immediate compensation, while ignoring the long-term risks of doing so. Below is a brief of Dodd-Frank’s stipulations that specifically address bonuses: Found this article interesting? Read about the different types of bonuses companies award.
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