Barack Obama to order salary cuts at bailed-out firms
Oct 21st, 2009 | By | Category: Uncategorized• President Obama’s ‘pay tsar’ looks to curb boardroom excess • Executive packages to fall by 50% on average The US government is preparing to order bailed-out banks and car companies to slash the cash salaries of their top executives by an average of 90% in an effort to quell outrage over multimillion-dollar boardroom excess.
