BUSINESS
09/16/2009 05:12 am ET Updated May 25, 2011

Pay Czar Says He Can 'Claw Back' Exec Comp

MARTHA'S VINEYARD, MASSACHUSETTS, Aug 16 - Kenneth Feinberg, the Obama administration's pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that power.

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