Feinberg Hits Citi, Others with Pay Cap

December 2009
American Banker;12/14/2009, Vol. 174 Issue 221, p2
Trade Publication
The article reports that over 400 of the most highly paid employees at firms which had received U.S. government bailouts were placed on salary limits for 2009. Kenneth Feinberg, the U.S. special master for executive pay, set the limit at $500,000. The decision affects upper management at firms such as Citigroup Inc., American International Group Inc., and General Motors Co.


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