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Pay czar caps salaries at $500,000 for bailed out firms

Posted Dec 12th 2009 12:20PM by Connie Madon (RSS feed)
Filed under: Management, Industry, Employees, Headline News

Kenneth Feinberg of the U.S. Treasury Department is the point man who reviews salaries at firms which received bailout money.

His latest move was to cap the compensation at four financial firms: Citigroup Inc. (C), American International Group (AIG), General Motors Corp. (GRM) and GMAC (GMA). The pay structures affect 28 through 100 highest paid employees. Compensation is capped at $500,000.

Continue reading Pay czar caps salaries at $500,000 for bailed out firms

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Last updated: May 28, 2012: 08:30 PM

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