Pay czar trims salaries at top of GM exec ranks

March 20, 2010 · Posted in general · Comment

PHOENIX (Reuters) – The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.

Pay czar Kenneth Feinberg said he plans to release the 2010 compensation decisions next week on the five large U.S. companies that are under pay restrictions as part of their government bailouts.

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