Obama ‚Äòpay tsar’ to order huge cuts

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FT.com / US & Canada - Obama ‚Äòpay tsar’ to order huge cuts .

The top 25 executives at the seven US companies bailed out by the government face a dramatic cut in their cash pay.

Kenneth Feinberg, the Obama administration’s “pay tsar”, is set to unveil drastic curbs for those whose pay plans he can overrule.

OK it's symbolic - but symbols count.

Time for replication in the UK, I say