Salary Caps10/23/2009
Many company executives may soon notice something missing from their paychecks. GM leaders are among those who could see their salaries slashed by as much as 90%. President Obama is pushing a measure that would cut the pay of executives of companies that accepted bailout loans. That's not surprising to a Birmingham industry analyst. VAN CONWAY Salaries could be capped at half a million dollars, and reducing compensation by half. The concern is the President's action could scare away potential employees. Most PopularMore Good StuffAdvertisement
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