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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

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.