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As Wall Street prepares to hand out its usually-lavish year-end bonuses, both CBS' Anthony Mason and ABC's David Muir publicized the decision by Goldman Sachs to withhold cash from its top 30 executives. The firm is "feeling the heat" for benefiting from the Treasury Department's bailout only subsequently to "turn huge profits," as ABC's Muir put it. Not getting any cash does not mean that they will not be getting bonuses, CBS' Mason pointed out: "Instead it will award them stock that cannot be sold for five years." As for AIG, Citigroup and General Motors' auto loans division--financial firms that have not yet repaid TARP bailout funds--CBS' Mason reported that annual salaries of 225 executives at the three firms will be capped at $500,000 by Kenneth Feinberg, whose nickname is the Pay Czar.
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