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

Tim Catts

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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