Pay Czar Increased Base Pay at Firms
BY DAVID ENRICH AND DEBORAH SOLOMON
Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control.
But while he cut total compensation by half, he substantially increased one important element -- regular salaries, according to a Wall Street Journal analysis. The move reflects the complexity of regulating something that mixes politics and economics.
Mr. Feinberg oversees seven firms that accepted bailout packages: American International Group Inc., Citigroup Inc., Bank of America Corp., General Motors Corp., GMAC Financial Services, Chrysler Group and Chrysler Financial. The Treasury Department assigned him the job of tying more ...
Deadly Blast Rocks Peshawar After Clinton Arrives in Pakistan
By MATTHEW ROSENBERG and JAY SOLOMON
ISLAMABAD—A powerful car bomb ripped through a market Wednesday in the northwestern city of Peshawar, killing at least 90 people hours after U.S. Secretary of State Hillary Clinton arrived in Pakistan to smooth relations strained by terms of an American aid package for the key South Asian ally.
Mrs. Clinton was meeting with officials in Islamabad, a three-hour drive from Peshawar, when the explosion went off. The bombing was the second attack to hit one of Peshawar's crowded markets this month; it sparked a fire in the city's Meena Bazaar that gutted many shops and left rescue workers struggling to reach those trapped by the flames and rubble, said officials and witnesses.
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