The government’s pay czar announced Friday that 17 companies benefiting from federal bailout money handed out $1.6bn in excess executive pay at the height of the financial crisis. The firms include Citigroup, Goldman Sachs and Bank of America. Kenneth Feinberg, who was appointed as the Obama administration’s special master for compensation, examined executives earning more than $500,000 at the 419 firms that received taxpayer assistance.
Pay czar: 17 bailed-out banks overpaid executives
Most Popular Articles
Latest Articles
Existing home sales retreated in March: NAR
Home prices rose last month even as fewer sales occurred and unsold inventory grew
-
Grow your origination volume in all markets with non-QM
-
CertifID and Old Republic partner to prevent fraud
-
Real Estate Lead Generation and Marketing
-
Former Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter
-
Financial planner: Reverse mortgages can help retirees with high property taxes