The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives.
But the big reductions will not apply to pay earned before November.
Treasury: Bailed-out firms to slash pay in Nov.Courtesy Newsvine - business Thu, 10/22/2009 - 13:27
The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. Related itemsPay czar: 17 bailed-out banks overpaid bonuses
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