TITLE

Feinberg Hits Citi, Others with Pay Cap

PUB. DATE
December 2009
SOURCE
American Banker;12/14/2009, Vol. 174 Issue 221, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
47194172

 

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