New Executive Order Seeks to Limit Stock Buy Backs and Executive Compensation for Underperforming Defense Contractors
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An executive order has been issued that aims to limit stock buybacks and executive compensation for certain defense contractors. The order appears to target underperforming contractors, although the specifics of how underperformance will be determined are unclear. The move is part of a broader effort to reform defense contracting, with lawmakers also considering legislation to codify similar limits on stock buybacks and executive pay.
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