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Feinberg OKs compensation at some bailout firms

US pay czar Kenneth Feinberg has approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

US pay czar caps 2nd-tier pay at bailout companies

The US pay czar on Friday expanded a crackdown on pay packages at bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for a second-tier of top earners.