Executive Bonuses: Information on FDIC's and RTC's Executive Bonus Programs
GGD-94-15
Published: Oct 01, 1993. Publicly Released: Oct 25, 1993.
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Highlights
Pursuant to a congressional request, GAO reviewed bonuses paid to Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC) executive-level employees, focusing on whether FDIC and RTC: (1) were justified in awarding bonuses to attract and retain talented public-sector employees; and (2) had adequate internal controls to ensure that the bonuses attracted and retained talented public-sector employees.
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Budget authorityCongressional oversightEmployee incentivesExecutive compensationFederal corporationsFunds managementInternal controlsMerit compensationPersonnel managementSalary increases