Top employees leave financial firms ahead of pay cuts
It was reported in the Washington Post......
Even before the Obama administration formally tightened executive compensation at bailed-out companies, the prospect of pay cuts had led some top employees to depart...............
At Bank of America, for instance, only 14 of the 25 highly paid executives remained by the time Feinberg announced his decision..........
At American International Group, only 13 people of the top 25 were still on hand for Feinberg's decision.........
Watch for a business exodus to Australia, Ireland and New Zealand and other freer economies
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