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Pay Czar Increased Base Pay at Firms

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VIVA LE PAY CZAR!
"Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control. But while he cut total compensation by half, he substantially increased one important element -- regular salaries," according to a Wall Street Journal analysis. "All 136 employees and executives working at the seven companies under his review will earn much less this year than in 2008, even after accounting for the rise in regular salaries, also known as base salaries."

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