Poll: Is Obama Justified In Cutting Executive Pay?
The Obama administration is going to order the companies that received the most government aid to slash the compensation to their highest paid executives.
The seven companies are: Bank of America, American International Group , CitigroupGeneral Motors,GMAC, Chrysler and Chrysler Financial.
Total compensation for the top executives at the seven firms will decline, on average, by about 50 percent, according to the person familiar with the administration's decision.
We would like to know what you think. Take our poll and let us know if you think it's a good idea—or not.