***
4 months later, let the dictating begin:
Pay Czar [so-called] Caps Cash Salaries at $500,000 for Bailed-Out Automakers, Banks
The Obama administration's pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000.
The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors also must take more than half their compensation in stock, and at least half must be delayed for three or more years, said Kenneth Feinberg, the Treasury Department's Special Master for Executive Compensation.
The new rules will only apply to the second half of December, and will not affect what the employees already have been paid this year.
The rules will affect many workers' year-end bonuses and stock grants, Feinberg said. They also will serve as a starting point for negotiations next year over pay packages for 2010.
-------------------------------------------------
re: 'Obama administration pay czar'
The takeover/takedown of America is being done openly, proudly, and defiantly - which is to say that it is in the final stages. The country is being assimilated into the global kingdom of the coming Antichrist. Be alerted...and Rev. 18:4
also: Fed Gobbles Up GMAC En Route To 666 12-26-08
----------------------------------------------
Zephaniah 1:18 'Neither their silver nor their gold shall be able to deliver them in the day of the LORD's wrath'
Anathema Maranatha
No comments :
Post a Comment