Who would have guessed that the position of CFO at Freddie Mac carried a salary of $23 million dollars? Nonsense, you say. Ross Kari, the guy they hired last week, is getting only $2.3 million in salary (plus a $2 million signing bonus)?
Well, yes, but Obama’s pay czar, Kenneth Feinberg, proposes to cut executive salaries by 90% at firms receiving large government bailouts. Surely this applies to government employees at agencies bailed out to the tune of $51 billion and counting?
I guess good help doesn’t come cheap.