U.S. pay czar to issue next rulings on Friday

WASHINGTON | Thu Dec 10, 2009 5:06pm EST

WASHINGTON Dec 10 (Reuters) - The U.S. pay czar will release on Friday his next set of rulings for six companies that have received massive government bailouts, the Treasury Department said on Thursday.

Kenneth Feinberg, who was appointed by President Obama in June, will issue his determinations for the pay structures of the 26th to 100th highest-paid employees at Citigroup Inc (C.N), American International Group (AIG.N), General Motors Co [GM.UL], Chrysler, Chrysler Financial and GMAC.

In October, Feinberg slashed pay for the top 25 earners at those companies. (Reporting by Karey Wutkowski; editing by Carol Bishopric)

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