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EXECUTIVE PAY ARTICLE DN012712

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Uploaded by on Jan 27, 2012

Juan Gonzalez from Democracy Now! discusses his article that appeared in the New York Daily News on Friday about the Treasury Deptartment approving large paydays for executives who work for the firms that received tarp bailout money. Despite the $500K limit that was suppose to be in place by the Treasury Dept., executives at as many as fort-nine of these firms demanded and received salaries from $5 million and up. Gonzalez quoted the CEO of Allied Financial, who said that one of his executives would have been made cash poor by taking a salary cut from $1 million to $500K, and not be able to pay his monthly bills.

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