Feinberg Says All Companies Should Adopt Pay-Cut Model: Video
399 views · Published 23 March 2012 · 3:20 · Indexed 30 September 2026
Channel: Bloomberg Originals · 2012 · Entertainment
Oct. 22 (Bloomberg) -- Kenneth Feinberg, the Obama administration's special master for executive compensation, talks with Bloomberg's Peter Cook about pay reductions he has demanded at seven taxpayer-rescued firms.
Feinberg is ordering pay cuts of an average of 50 percent and caps on benefits for top executives at seven companies that still owe the government billions of dollars from taxpayer-funded bailouts. Feinberg says his ruling should become the model for the rest of Wall Street and corporate America. (Source: Bloomberg)
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