Obama's pay czar limits pay packages for more top executives

Tim Catts
obamas-pay-czar-limits-compensation-for-more-executives
obamas-pay-czar-limits-compensation-for-more-executives

More employees of firms receiving extensive government aid will face caps on their pay, thanks to Obama administration pay czar Kenneth Feinberg (pictured).

For top-earning workers at Citigroup (C), American International Group (AIG), General Motors and GMAC, Feinberg has limited cash compensation at $500,000. The move affects the 26th through 100th highest-paid employees at the companies.

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