'Pay czar' caps midlevel execs

[impik]

The nation’s “pay czar” is at it again Friday, and this time, midlevel executives at bailed-out firms are getting a pay cut.
Fewer than 10 of the 450 employees will be allowed to earn more than $500,000 per year, according to a source familiar with the plan, which covers six firms that received federal bailout funds.
Kenneth Feinberg, the special master for TARP executive compensation, will release the next phase of his determinations about pay for those executives Friday, and he’s expected to take a tough stance.


http://www.politico.com/news/stories/1209/30480.html

But hey, we all know that Obama is a sell out.

[phleshdef]

1. Corporatists!

[vaberella]

2. I was just about to say that DU told me Obama was a corporatist who does nothing.

He's a failure afterall. K/R and thanks impik.

[tridim]

3. Just like Bush, eh peace symbol brigade? nt

[vaberella]

4. Another favorite, "He only cares about keeping friends." He lost a lot of his rich ones. n/t