Obama pay czar demands more trims at bailout firms


WASHINGTON, March 23 (Reuters) - The Obama administration's pay czar on Tuesday slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits. Kenneth Feinberg, a Washington lawyer who was appointed last year to oversee pay at firms receiving taxpayer bailouts, cut 2010 pay for the highest-paid employees at those firms on average by 15 percent, compared to 2009. Cash pay was cut 33 ...

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