Should The Government Decide What You Get Paid?
Image Source: Allvoices.com
One of Obama’s Czars has actually done what he was hired to do. Kenneth Feinberg, WH pay Czar, has ordered that all bailed out executives that received any TARP monies, take deep pay cuts and make due with 90% of what they used to earn. This move will affect all seven companies that accepted monies from the Federal Fund : Bank of America, American International Group, Citigroup, General Motors, GMAC, Chrysler and Chrysler Financial.
The pay cuts will be directed at the top 25 highest paid executives. Those companies that accepted TARP funds and have paid them back, will not be affected.
Read Full Story : www.allvoices.com
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