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Pay Czar

Pay Czar Feinberg Speaks and Wall Street Cringes

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

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.

Jason Linkins

Fox News Ignores White House Afghanistan Meeting To Obsess Over Czars | Jason Linkins | Posted 05.25.2011 | Media

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.

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

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.

Pay Czar's Reforms May Not Restrict Wall Street Pay, Overall Pay Likely WON'T Fall | Ian Katz | Posted 05.25.2011 | Business

Corporate governance and compensation experts say new rules will mostly help eliminate plans like those that tied bonuses to the number of subprime mo...

AIG Executives Kept Bonuses They Promised To Return, Feinberg Says | Hugh Son | Posted 05.25.2011 | Business

Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

Pay Czar: AIG Executive Pay Crackdown Coming | Francesco Guerrera in New York and Tom Braithwaite in Washington | Posted 05.25.2011 | Business

The Obama administration's pay tsar has indicated he will take a tough stance on executive pay at AIG, the state-controlled insurance group that spark...

Bank Of America CEO Search: Why No One Wants The Job

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Apparently, no one wants to be CEO of the nation's largest bank. The protracted search for a new Bank of America CEO may last until 2010, reports Bloo...

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

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.

Taming Corporate Pay, Finally

Mark Green | Posted 05.25.2011 | Politics
Mark Green

Is the reported, imminent slapdown by "pay czar' Ken Feinberg of the pay packages at seven bailed out firms the breakthrough critics have been waiting for?

Benmosche, AIG CEO, Has $10.5 Million Pay Package Approved By Pay Czar

Oct. 6, 2009 | David Goldman, CNNMoney.Com Staff Writer | Posted 05.25.2011 | Business

NEW YORK ( -- AIG Chief Executive Robert Benmosche's $10.5 million annual pay package has been formally approved by Obama administration ...

Friday Talking Points [96] -- The Impressiveness of Alan Grayson

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

First, let's get rid of the distractions this week. Chicago will not be getting the Olympics in 2016, even after President Obama went over to Copenha...

Extra! Extra! Pay Czar Will Not Cap Compensation, Reveal Names

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

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.

'Pay Czar Clause': Banks Use New Loophole To Void Contracts

Reuters | Steve Eder | Posted 05.25.2011 | Business

Citigroup, Bank of America and AIG are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. ...

Obama's Pay Czar Leaning Against Naming Names

Reuters | Steve Eder and Karey Wutkowski | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) - Wall Street salaries have become everybody's business lately, but the Obama administration's pay czar may try to keep ...

Pay Czar Says He Can 'Claw Back' Exec Comp

Reuters | Posted 05.25.2011 | Business

MARTHA'S VINEYARD, MASSACHUSETTS, Aug 16 - Kenneth Feinberg, the Obama administration's pay czar, said on Sunday he has broad and "binding" authority ...

Citigroup's $100M Pay Package Eyed By Pay Czar | STEPHEN LABATON and ERIC DASH | Posted 05.25.2011 | Business

WASHINGTON -- Citigroup is planning to claim that an energy trader who is due to receive compensation of $100 million this year should be exempt from...

The Pay Czar Has No Clothes: The Obama Administration Has No Guts?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Allowing Citigroup to shell out $100 million dollars to a contracted trader makes a mockery of any efforts to reign in executive pay.

$100 Million Payday Poses Problem For Pay Czar | DAVID SEGAL | Posted 05.25.2011 | Business

In a few weeks, the Treasury Department's czar of executive pay will have to answer this $100 million question: Should Andrew J. Hall get his bonus? ...

Pay Czar To Begin Reviewing Pay At 13 Bailed-Out Firms

New York Post | Posted 05.25.2011 | Business

Six weeks into his tenure as President Obama's compensation czar, Kenneth Feinberg has his sights set on pay packages he thinks are too rich for compa...

Treasury Plans Wider Oversight On Compensation

New York Times | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Business

The Obama administration plans to require banks and corporations that have received two rounds of federal bailouts to submit any major executive pay c...