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Pay Czar Set To Announce Next Wave Of Compensation Limits Today

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:55 PM ET

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nytimes.com:

NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb.

Kenneth Feinberg has said these rulings will likely reduce pay for the 26th to 100th highest-paid employees at the six firms still under his authority.

Read the whole story: nytimes.com

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NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb. Kenneth Fein...
NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb. Kenneth Fein...
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BlueSkyPilot
282 Fans
04:29 PM on 12/11/2009
Forget about pay limits.. Tax anything over $500,000 at 75% Perks and stock options included. No loop holes. Let's bring down the debt Reagan and Bushes drove to obscene levels with their tax cuts for the wealthy and senseless wars.
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yourmomscalling
13 Fans
 
02:52 PM on 12/11/2009
This guy is a Joke
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HUFFPOST SUPER USER
ProfessorDuh
2214 Fans
12:59 PM on 12/11/2009
Pay Czar: Your bonuses must be limited to one trillion dollars in any two-month period. Not one penny more, now!
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gnomic
105 Fans
12:39 PM on 12/11/2009
Yeah, until they whine. Then we will give them some more of our money.
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Papa Swamp
Research Peon, apex predator, ocean freak.
303 Fans
 
12:11 PM on 12/11/2009
Brilliant! Middle management gets slammed, but the geniuses at the top are untouched.

"Government paymaster Kenneth Feinberg follows through on plans to limit pay to $500K for middle executives (26th to 100th highest paid) at four of six companies in his purview (AIG, C, GM, GMAC)."

So folks getting paid in the 1st through 25 level.......untouched.
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RightWingMarine
157 Fans
11:24 AM on 12/11/2009
but this time it's for reals. No backing down when the execs threaten to quit like last time.
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vietveter
Wish ididnt know now what ididnt know then
830 Fans
10:41 AM on 12/11/2009
Watch out? Watch out for whom?

This is the Obama administration; you Wall Street boys are in no peril.

If you are a member of the EX-middle class that is an entirely different matter
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crablover
303 Fans
11:59 AM on 12/11/2009
Eat the rich!
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