Last week, the New York Times reported that the Obama administration would order that top executives at companies which received the largest amounts of TARP bail out money would have their salaries cut.
The pay cuts would affect a combined total of 25 executives at: "… Citigroup, Bank of America, American International Group, General Motors, Chrysler and the financing arms of the two automakers."
A Washington Post/ABC News poll showed that approximately 71 percent of Americans support the administration’s placing pay limits on companies who received federal bail out money. (more…)


