Details from Bloomberg.

http://www.bloomberg...&sid=a3H8.VP_CHsQ

Oct. 21 (Bloomberg) -- Executives at seven bailed-out companies including Citigroup Inc. and Bank of America Corp. will have their pay cut by an average of 50 percent after negotiations with Kenneth R. Feinberg, the U.S. special master on compensation, two people familiar with the matter said.

The cash portion of salaries for the 25 highest-paid employees will be slashed 90 percent, according to a person familiar with the plan who spoke anonymously because the details havenÂt been announced. Some cash will be replaced by shares that employees will be restricted from selling immediately, the same person said. An announcement could come this week.

[...]

25 x 7 = 175 people will be affected. Feinberg's destroying the American Economy!!!!11!! :-/

USAToday has a flash graphic of executive compensation in 2007 - http://www.usatoday....eo-comp/flash.htm

E.g. Pandit at Citigroup made a $250k salary, $0 bonus, and $2.9M in stock and options awards.

They're not going to be hurting, not one bit.

HTH.

Cheers,
Scott.

Post #316,029 by Another Scott 10/22/09 10:52:14 AM Reply	Details from Bloomberg. http://www.bloomberg...&sid=a3H8.VP_CHsQ Oct. 21 (Bloomberg) -- Executives at seven bailed-out companies including Citigroup Inc. and Bank of America Corp. will have their pay cut by an average of 50 percent after negotiations with Kenneth R. Feinberg, the U.S. special master on compensation, two people familiar with the matter said. The cash portion of salaries for the 25 highest-paid employees will be slashed 90 percent, according to a person familiar with the plan who spoke anonymously because the details havenÂt been announced. Some cash will be replaced by shares that employees will be restricted from selling immediately, the same person said. An announcement could come this week. [...] 25 x 7 = 175 people will be affected. Feinberg's destroying the American Economy!!!!11!! :-/ USAToday has a flash graphic of executive compensation in 2007 - http://www.usatoday....eo-comp/flash.htm E.g. Pandit at Citigroup made a $250k salary, $0 bonus, and $2.9M in stock and options awards. They're not going to be hurting, not one bit. HTH. Cheers, Scott.
Post #316,032 by drook 10/22/09 11:12:34 AM Reply	Wish I could download that I sorted by compensation change from '06. There seems to be no correlation at all to shareholder value. Tell me again how we're defining "top performers"? Because it seems to be we're using their current compensation to define it. -- Drew
Post #316,036 by Another Scott 10/22/09 11:31:31 AM Reply	FlashGot should grab it for you. It's also available in other places, like the AFL-CIO - http://www.aflcio.or...ceou/industry.cfm HTH. Cheers, Scott.

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