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Pay Czar Said to Plan Salary Cuts at Bailed-Out FirmsThe Obama administration's pay czar, Kenneth R. Feinberg, plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, The Wall Street Journal reported. ... |
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In Merrill’s Failed Plan, Lessons for Pay CzarMerrill’s attempt to align its top employees’ pay with the company’s long-term performance did not keep executives from risking the bank’s stability. ... |
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