Financial Times FT.com

US ‘pay tsar’ to vet executive packages

By Tom Braithwaite in Washington

Published: June 10 2009 16:06 | Last updated: June 11 2009 00:04

The salaries of the top 100 employees at seven US companies with government bail-out funds will be vetted by a “special master” named by the Obama administration on Wednesday as part of a raft of executive compensation reforms.

The administration is also expected to bring in “say on pay” legislation that would force public companies to hold non-binding shareholder votes on executive pay every year.

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