The USA. will reduce the wages of the public enterprises

The president of USA. UU, Barack Obama is ready to finish with the wage outrages and the excessive bonus of the executive high places, especially of the companies taken control with public money in the plans of financial rescue.

This way, and l department of the American treasure would be preparing a plan so that the managers of the mentioned companies and banks that have received public helps diminish 50 %, the entire remunerations, including the bonus, according to the sources consulted by Bloomberg and The New York Times. This would suppose that the fixed salary that they perceive in cash, and the bonus does not count (that includes actions, options on actions, insurances and pension funds), would turn out to be reduced in 90 %, if it is compared with what they charged the previous year.

Between these high charges the managers are at the head of the big financial institutions as Citigroup or Bank of America, which they will be most affected by the plan that the Treasure will present the same week. And the fact is that the indignation for the high wages of these managers and the millionaire indemnifications that many of the managers have received on having left these companies they have "bothered" to the administration Obama on having seen how the population was getting indignant on having been witnesses of how some of the principal culprits of the crisis were going away of "rositas", and for more inri, there being pocketed the public money of the financial rescues.

The target of this new plan is that seven companies and entities that have received the principal game of public money cut away the fixed salary of his 25 executives better paid in 90 %. In some cases, the salary in cash that they receive might be compensated by remuneration in actions, but they would have restrictions to sell them, avoiding so they could support the salary carrying out this "pitfall".

Timothy Geithner, the secretary of the American treasure, already gave a notice hours earlier on having dropped a hard comment on that the massive bonus payment in Wall Street has been “deeply offensive” while companies were rescued with money of the taxpayer.

Also, there has been created the figure of observer of these supersalaries, Kenneth Feinberg, it will have to supervise expenses as the services of limousines or the trips in private planes, whenever.
overcome 25.000 dollars.

Image: clspeace

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