The Obama administration is preparing to order substantial pay cuts for executives at some of the nation’s top bailed-out firms. White House “pay czar” Kenneth Feinberg has reportedly identified twenty-five executives at five major financial companies and two automakers that will be affected by the cuts. Overall compensation will be reduced by about half, on average, while salaries will see an average 90 percent cut. The companies are Citigroup, Bank of America, General Motors, Chrysler, GMAC, Chrysler Financial and American International Group, which have collectively received around $250 billion in taxpayer assistance.