Rumors started circulating yesterday that the popular television streaming service Hulu will be switching to a pay model next year. The rumors appear to be unfounded for the time being, as no definite decisions have been made on the matter.
The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting annual cash salaries for many of the top employees under his authority, according to people familiar with the matter.
Talking tough but stepping gently, the Obama administration rejected direct intervention in corporate pay decisions Wednesday even as officials argued that excessive compensation in the private sector contributed to the nation's financial crisis.
