US bonus crackdown spotlights UK reward

Churchard, Claire
November 2009
People Management;11/5/2009, Vol. 15 Issue 23, p8
The article reports on the confirmation of U.S. President Barack Obama's pay czar Kenneth Feinberg that the pay of the top 25 executives at the seven largest bailed-out firms in the U.S. will be limited to 500,000 U.S. dollars. The confirmation was said to bring scrutiny against top remuneration in Great Britain and is expected to have a knock-on effect on top compensation of the international subsidiaries of firms struggling to pay themselves huge bonuses.


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