Obama Administration to Order Steep Pay Cuts for Bailed-Out Companies - FOXNews.com

Obama Administration to Order Steep Pay Cuts for Bailed-Out Companies - FOXNews.com: "The Obama administration plans to order companies that received the most money from the $700 billion Wall Street bailout to slash pay to top executives, a government source told Fox Business Network.�

Under the plan, the seven companies that received the most government aid will have to cut annual salaries by about 90 percent from last year for the 25 highest-paid executives."

Surprise! Surprise! The government attached more strings after the fact -- even when they made some companies participate that didn't want to participate.