Feinberg is not cutting total compensation, he's changing the composition of pay packages -- less cash, more stock with longer vesting periods. In other words, the top guys will have more skin in the game.
Lawmakers met at the White House to have a discussion on the war in Afghanistan. But Fox News' Neil Cavuto chose to spend his time fearmongering about the White House's Special Master for Compensation.
There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
Is this a great country or what? You can be a speculator working for a failed company and still earn tens of millions of dollars. And the taxpayer footing the bill won't be able to find out who's getting how much.