'Pay Czar' Denies Report That He Raised Base Salaries at Bailed-Out Banks

The Obama administration's so-called pay czar, Ken Feinberg, today denied a report that found he had increased base salaries at the seven bailed-out companies under his supervision. Feinberg said last that he had slashed overall pay by 50 percent and cash pay by 90 percent for the top 25 executives at AIG, Citigroup, Bank of America, GM, Chrysler and the two automakers' financing arms. But the Wall Street Journal released today a new study of Feinberg's pay cuts that determined he had...Full Story
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