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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:  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.

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