Us Bankers to Lose Cash Salary

Summary


TOP bankers at some of London's major American finance houses are set to have the cash element of their pay slashed.

Ken Feinberg, the Obama administration's so-called pay czar, is set to rule that top employees at the companies bailed out by the US administration should have large parts of their salaries paid in the shares of their companies and tied up for five years.

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Extract


Us Bankers to Lose Cash Salary

The American investment banks to be affec...

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