The Obama administration is ordering the nation's biggest bailed-out companies including AIG, Chrysler, Citigroup and others to drastically cut pay packages for their top executives. The companies will be ordered to lower the total compensation for top earners by an average of 50%. Under the plan, which is expected to be officially released by the Treasury Department next week, annual salaries for executives at those seven firms are expected to fall 90%.
We want to hear from you:
Do you think the government should be forcing these companies to slash salaries? Leave your comments below and Heidi will read some of them in the Newsroom, 9a-11a ET.