Government paymaster Kenneth Feinberg follows through on plans to limit pay to $500K for middle...

|By:, SA News Editor

Government paymaster Kenneth Feinberg follows through on plans to limit pay to $500K for middle executives (26th to 100th highest paid) at four of six companies in his purview (AIG, C, GM, GMAC). Fewer than a dozen exemptions were granted. Total cash can't exceed 45% of total pay. Chrysler and Chrysler Financial already weren't paying midlevel employees more than $500K.