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Shrinking under the pay TARP



Sounds as if the taxpayers may be left nursing a stake in less valuable firms: "At BofA and AIG close to a majority of the top executives whose salaries were to be cut have already left." [Alex Tabarrok and Business Insider on this Washington Post report] Another fear mentioned in the Post report: "making companies unwilling to promote rising stars for fear of bringing them to Feinberg's attention."

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.