Pay Czar Targets Salary Cuts Top Earners at Firms Getting Aid Would See Compensation Shift From Cash to Stock

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Published in The Wall Street Journal October 6, 2009 by Deborah Solomon

The Obama administration’s pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting annual cash salaries for many of the top employees under his authority, according to people familiar with the matter.

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