Bell residents demand resignations over six figure city salaries
In Bell California a working class suburb, residents revolted after a Times investigation exposed six figure pay for city leaders. City Manager Robert Rizzo earned 787,637 and Police Chief Randy Adams 457,000, with other officials also well paid. All three officials resigned amid public anger and calls to remove the rest. Mayor Oscar Hernandez and several council members faced scrutiny for lucrative contracts and opaque actions at meetings.
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Feinberg won't seek recoupment from 17 banks on top pay
Pay czar Kenneth Feinberg announced on Friday he would not force 1.6 billion dollars in executive pay back from 17 bailed out banks. He said shaming was punishment enough and chose a voluntary approach by asking boards to tighten future pay. Critics, including Sen. Bernie Sanders, urge stronger action amid anger over Wall Street bonuses tied to taxpayer support. Gulf Coast fishermen also fault BP and the government over oil spill claim handling while Alabama officials pledge to sue BP for lost tax revenue and cleanup costs. Feinberg defends his independence and notes the action aims to balance accountability with avoiding shareholder lawsuits.
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