2/05/2009

Obama: rescue the United States was not super-high salary executives 500,000 U.S. dollars

To calm down the outside of some financial executives "Since the fat" of anger, Barack Obama on the 4th President of the United States announced that the government relief funds executives of American financial companies will be subject to restrictions on wages, the maximum annual salary shall not be more than 500,000 U.S. dollars.
The provision applies to Citibank, Bank of America and American International Group, have been affected by the U.S. government rescue of financial firms, but also to the future the Government need to help other businesses. If the business executives to give the annual salary of more than 500,000 U.S. dollars of stock incentives, these stocks must also be repaid in the enterprise can be cashed in after the government loan.
In addition, the Government will also require recipients of public service enterprises to strengthen the use of aircraft as well as hospitality management.
Obama in the White House the same day that this is not a wealth of "contempt", but because on the one hand, some companies seek taxpayer funds in relief, on the other hand, are still awarded to the high-paid executives, which make people feel "disturbed."
According to American media, the Wall Street financial firms in 2008 staff received a total of 18.4 billion U.S. dollars of high dividends, which is equivalent to the financial industry in 2004 peak level. As the Wall Street financial crisis is the initiator, and ultimately force the Government to inject huge sums of funds to rescue the market, high dividend news, there have been widely condemned by the United States from all walks of life.

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