Summary
WASHINGTON - The Treasury Department's pay czar Kenneth Feinberg on Wednesday issued rulings for pay packages for top executives at institutions receiving exceptional assistance from the $700 billion bank bailout package, including payments for a couple of executives that include exceptions to the agency's compensation rules.
After consulting with General Motors Corp. officials, Feinberg agreed to provide the auto company's new Chief Financial Officer Christopher Liddell, who begins work Jan. 1, a $750,000 base salary, which surpasses a $500,000 salary limit set for executives of exceptional Treasury assistance.See the full content of this document
Extract
Treasury Pay Czar Issues Ceo Salary Exemptions
Liddell also will receive $3.5 m...
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