Client Alert

| June 11, 2009

Treasury Secretary Geithner and SEC Chairman Schapiro Issue Statements on Executive Compensation

Yesterday, Treasury Secretary Timothy Geithner and Securities and Exchange Commission ("SEC") Chairman Mary Schapiro issued statements on executive compensation that could alter the compensation and disclosure practices of public companies.

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

Howard Adler

+1 212 259 7115

Elizabeth W. Powers

+1 212 259 8662

K. Oliver Rust

+1 212 259 8571

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383