Saturday, December 18, 2010

Obama opposed to limit bank executive pay

United States White House officials 16, said that, while France and hope in the g-20 Summit in Pittsburgh financial bank executive pay restrictions, but President Barack Obama does not support this approach.

Next week's g-20 Finance Summit to be held in Pittsburgh in the United States. In France, represented by some countries want 20 g limits agreed financial industry salary. France President Sarkozy even threatened if the Summit will not be able to take out the specific programme, will exit the Summit.

However, the United States for international economic affairs and Deputy National Security Adviser Michael · Frohman said that while Obama this week on the occasion of the anniversary of the outbreak of the financial crisis, said the speech, the banking cannot "extravagant" public trust, to continue to distribute huge bonuses, but Obama does not agree on Bank pay arrangements make specific restrictions.

Frohman said he expected the g-20 Finance Summit will discussions on this issue, but given that the parties are not uniform, points may only be reached agreement in principle.

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