NU Online News Service, March 23, 3:51 p.m. EDT
WASHINGTON–Salaries of the 25 top executives at American International Group and other companies receiving government help must be cut on average by one-third from last year's levels, government pay czar Kenneth Feinberg said.
In addition, Mr. Feinberg, the Treasury special master on compensation, said today he has also ordered that the total pay package including deferred compensation and stock options for executives at AIG, GMAC and Chrysler Financial be reduced 15 percent compared to the pay these executives received in 2009.
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