Top Bank Executives Get to Keep $1.6 Billion

Summary


WASHINGTON - For all his tough talk about excessive pay for bankers, the Obama administration's pay czar let the executives go without a fight.

Kenneth Feinberg announced Friday that he would not try to recoup $1.6 billion in compensation given to top executives at bailed-out banks because he thought shaming them was punishment enough.

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Extract


Top Bank Executives Get to Keep $1.6 Billion

His decision to go easy on 17 banks that made "ill-advised" paymen...

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