With the release of the 2010 compensation decisions made by US pay czar Kenneth Feinberg set for next week, all executive eyes from the five companies currently under pay restrictions (GM, Chrysler, GMAC, Chrysler Financial and AIG) are on Washington.
Some will have reasons to be happy, some will not, as Feinberg says there will be few those who will receive base salaries of more than $500,000 this year.
According to the bailout rules, the top 25 executives of the five companies are banned f… (read more)