Exact(8)
Its chief beneficiaries are not workers, whose pay has been frozen for two or three years.
It is not just investment bankers and top executives whose pay structures need to be rethought.
Firefighters, whose pay is about $33,000 a year, have been demanding a 40percentt raise.
The hourly increase is greatest for maintenance mechanics, whose pay will rise from $9.90 to $13.86.
Mr Obama has hired legions of government employees, whose pay and benefits have outpaced those in the private sector.
The reduced spending also angered civil servants, whose pay raises have been kept well below the inflation rate.
Disclosure of consultants' dual relationships with companies whose pay they recommend should not be objectionable, he added.
That was to be expected among companies run by executives whose pay is based on profit growth.
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