Pay Czar to Slash Compensation at Seven Firms (Wall Street Journal)
October 22nd, 2009
Wall Street Journal:
Pay Czar to Slash Compensation at Seven Firms — The U.S. pay czar will cut in half the average compensation for 175 employees at firms receiving large sums of government aid, with the vast majority of salaries coming in under $500,000, according to people familiar with the government’s plans.
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