Treasury to name pay czar on Wednesday

The administration will also call for "say-on-pay" legislation that would give the Securities and Exchange Commission authority to require public companies to hold nonbinding shareholder votes each year on executive pay, the official said.

The pay czar, or "special master," will review compensation structures for the top 100 salaried employees of firms receiving exceptional assistance, the official said.

(Reporting by Matt Spetalnick and Doug Palmer; Editing by James Dalgleish)