Description: Kenneth Feinberg limits pay to 500,000 for hundreds of employees at AIG, General Motors, Citigroup and GMAC.
Source: CNNMoney.com
Date: 12/11/2009
Link:Â http://money.cnn.com/2009/12/11/news/companies/feinberg_compensation/index.htm
Questions for discussion:
- What are the arguments put forward that favour limiting the pay of executives at these firms?
- Do you agree with these arguments?
- What are possible consequences of this approach?
- Do you believe this represents micro-managing by government? Explain your thinking.
Leave a Reply