BUSINESS
05/15/2009 05:12 am ET Updated May 25, 2011

More CEO Pay Hikes Than Cuts In '08

WASHINGTON (Reuters) - More U.S. chief executives got pay raises than had their pay cut in 2008, a year when billions in taxpayer dollars went to prop up struggling companies and millions of workers lost jobs, according to an AFL-CIO survey released on Tuesday.

Wall Street pay has been heavily scrutinized in the past year, especially for executives at major financial firms getting funds under the government's Troubled Asset Recovery Program, aimed to keeping troubled banks afloat and keeping the banking system sound.

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