Bailed-out execs to lose $5M apiece on pay (Dealscape

The Obama administration's corporate pay czar on Thursday whacked millions of dollars in salaries and bonuses slated to be received by 175 executives at seven companies that had received the largest sums of federal bailout money.

Kenneth Feinberg, the government's special master for executive compensation, single-handedly slashed more than $878 million in total compensation from the corporate chieftains, which on average will cost them more than $5 million apiece, compared with their 2008 paychecks.

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604 articles related to executive compensation
190 in-depth reports of M&A deals in Regulation
133 in-depth records of Bankruptcy Warnings in the Financial Services sector
33 articles related to Kenneth Feinberg
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NOT A SUBSCRIBER? Bailed-out execs to lose $5M apiece on pay Posted on October 23, 2009 3:30 PM The Obama administration's corporate pay czar on Thursday whacked millions of dollars in salaries and bonuses slated to be received by 175 executives at seven companies that had received the largest sums of federal bailout money. Kenneth Feinberg, the government's special master for executive compensation, single-handedly slashed more than $878 million in total compensation from the corporate chieftains, which on average will cost them more than $5 million apiece, compared with their 2008 paychecks. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 604 articles related to executive compensation 190 in-depth reports of M&A deals in Regulation 133 in-depth records of Bankruptcy Warnings in the Financial Services sector 33 articles related to Kenneth Feinberg 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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