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If CEOs of companies seeking federal assistance don’t like the idea of a half-million dollar pay cap, they can’t expect sympathy from the new SEC Chairman Mary Shapiro. At $162,900, her salary is probably the largest pay cut of any new administration appointments.Shapiro will give up the $2.75-million salary she had as head of the federal watchdog agency FINRA (the Financial Industry Regulatory Authority), though her resignation still qualifies her to receive $5 million to $25 million in benefits. Her public service does not require her to divest her other reported holdings, which include $675,033 in deferred compensation and $184,600 last year as a board member of Kraft Foods; Kraft stock worth $500,001 to $1 million; shares in Duke Energy worth $250,001 to $500,000, plus deferred cash compensation from Duke of $500,001 to $1 million and deferred pay in stock of $250,001 to $500,000.