Kenneth Feinberg

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WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 11.12.2009 | Business

Read More: Geithner, Regulation, Credit Default Swaps, Obama, White House, Bailout, Insurance, Treasury, Benmosche, Wall Street, Robert Benmosche, New York, AIG Bailout, House, Kenneth Feinberg, Financial Reform, Aig, Metlife, Capitalism, Tim Geithner, Financial Regulation, Executive Compensation, Liddy, Barack Obama, Banks, Socialism, Bonuses, Ken Feinberg, Executive Pay, Edward Liddy, Senate, Business News

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

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Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business

Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

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Banks' 2008 Stock Options Turning Out To Be Most Lucrative Payouts Ever

The New York Times | LOUISE STORY | Posted 11.08.2009 | Business

Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...

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Pay Czar's Reforms May Not Restrict Wall Street Pay, Overall Pay Likely WON'T Fall

bloomberg.com | Ian Katz | Posted 11.06.2009 | Business

Read More: Goldman Sachs, Wall Street, Financial Reform, Banks, Aig, Financial Crisis, Pay Czar, Wall Street Pay, Kenneth Feinberg, Wall Street Bonuses, Pay Reform, Citigroup, Business News

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

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Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

Washington Post | Robert Barnes and Steven Mufson | Posted 10.31.2009 | Business

Read More: John C. Bogle, Regulation, Reform, Obama, Investors, Mutual Funds, White House, Bailout, Sotomayor, Jones vs. Harris, Jones vs. Harris Associates, Wall Street, Excessive Pay, Vanguard Group, Kenneth Feinberg, Financial Reform, Compensation, Pay Czar, Nfl, Index Funds, Barack Obama, Corporations, Sonia Sotomayor, Supreme Court, Jones v. Harris Associates, Bonuses, Ken Feinberg, Apeals Court, Executive Pay, Business News

The Supreme Court this week will hear a case that raises bedrock questions about the ability of the market to set "reasonable" corporate compensation,...

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Pay Czar Ken Feinberg Raised Base Pay At Bailed Out Firms

Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business

Read More: Citigroup, White House, Base Pay, Gm, Kenneth Feinberg, Compensation, Obama, Pay Czar, Gmac, Aig, Bank of America, Chrysler, Raised Base Pay, General Motors, Bonuses, Ken Feinberg, Executive Pay, Business News

Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...

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

Don McNay | Posted 10.27.2009 | Business

Read More: Mid Term Elections, Upheaval, Congress, Kentucky Guardianship Administrators, Hank Paulson, Lobbyists, Bailouts, Consumer Spending, Big Money, Roger Ailes, Lawrence Summers, Arianna Huffington, State Legislature, Cnbc, Economic Pain, Unemployed, Lexington KY, Spending Cuts, Wall Street-Washington, Andrew Ross Sorkin, Timothy Geithner, Kenneth Feinberg, Inside the Beltway, McNay Settlement Group, Incumbants, Republican National Committee, City Council, High Unemployment, Ky, Willie Stark, Democratic National Committee, Pay Czar, Fox Business News, Clu, Anger, Louisville, Million Dollar Round Table, Ben Bernanke, Alan Greenspan, Bonuses, Czars, Jefferson Airplane, Small Business, President Obama, Congressional Elections, 2010 Elections, Washington, Main Street, donmcnay.com, Tea Parties, Msnbc, Unemployment, Tea Baggers, All the Kings Men, Rural Journalism, Financial Crisis, Housing Crisis, Running for Office, President Bush, Richmond, American College, Incumbant Politican, Personal Finance, Msfs, Chfc, Small Towns, Kentucky, Don McNay, www.mcnay.com, Structured Settlements, Layoffs, Wall Street Bailouts, Wall Street, Vanderbilt University, Robert Penn Warren, Self Dealing, Eastern Kentucky University, Fox News, Certified Structured Settlement Consultant, Glenn Beck, Cssc, Too Big to Fail, Bill O'Reilly, Business News

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.

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WSJ, CNBC Hysterically Misinform On Executive Compensation

HuffingtonPost.com | Jason Linkins | Posted 10.25.2009 | Business

Read More: Video, Cnbc, Wall Street Reform, Wall Street Journal, Executive Compensation, Kenneth Feinberg, Charles Schumer, Business News

Kenneth Feinberg is the White House Special Master for Executive Compensation, and he is tasked with placing restrictions on the pay showered upon the...

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Daniel Gross: Why Wall Street Bonuses Will Continue to Exceed Profits

Slate Magazine | Daniel Gross | Posted 10.23.2009 | Business

Read More: Tarp, Goldman Sachs, Elizabeth Warren, Morgan Stanley, Bailout, Economy, Financial Crisis, Daniel Gross, Kenneth Feinberg, Wall Street Bonuses, Wall Street Pay, Business News

This year, compensation will again eat up something close to a majority of Wall Street's revenues. And while Goldman and Morgan Stanley have paid back...

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Executive Pay Cuts? Hold the Standing Ovation

Stuart Whatley | Posted 10.24.2009 | Business

Read More: Tarp, Wall Street Bailout, TARP Money, Aig Bonuses, Financial Reform, Bank of America, Aig, Barack Obama, Goldman Sachs, Bailout, Health Care Reform, Financial Crisis, Wall Street Bonuses, Kenneth Feinberg, Financial Regulation, Citigroup, Business News

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

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AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | Hugh Son | Posted 10.23.2009 | Business

Read More: AIG Financial Products, Executive Pay, Bailoug, Aig Bonuses, Economic Crisis, AIG Bailout, Aig, Financial Crisis, AIG's Financial Products Unit, Pay Czar, Bonuses, Executive Compensation, Kenneth Feinberg, Business News

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...

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The $200,000 Insult: Come to Chicago

Dean Baker | Posted 10.23.2009 | Business

Read More: Bailout, Wall Street, Executive Pay, Showdown in Chicago, Financial Transactions Tax, Kenneth Feinberg, Executive Compensation, Obama Executive Pay, Business News

Wall Street badly needs fixing. Fortunately we have the tool to do the job. It's called a financial transactions tax (FTT) - a modest tax on trades of stock, futures, options and other financial instruments.

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Plea$e, Mr. Feinberg! $ay it Ain't $o!

Fortune's Stanley Bing | Posted 10.22.2009 | Business

Read More: Executive Compensation, Kenneth Feinberg, TARP Payments, Bailouts, Business News

Thousands were involved, of course, but these 175 must stand in the forefront of their cadre, trembling, as their golden parachutes are folded up, their ceremonial swords broken over the knee of the government.

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Pay Czar Feinberg Speaks and Wall Street Cringes

Jill Schlesinger | Posted 10.22.2009 | Business

Read More: Bank of America, Aig, Pay Czar, Kenneth Feinberg, Executive Compensation, Citigroup, Business News

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.

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Goldman Sachs Skirts Slashes in Compensation

Allison Kilkenny | Posted 10.22.2009 | Politics

Read More: Goldman Sachs, Wall Street Bailout, Bailout, Goldman Sachs Bonuses, Aig Bonuses, Goldman Sachs Bailout, Aig, Henry Paulson, Kenneth Lewis, Goldman Sachs TARP, Goldman Sachs Profits, Executive Compensation, Kenneth Feinberg, Barack Obama, Politics News

The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."

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Money Spent On Perks, Fringe Benefits Rose At Bailed Out Banks Last Year

Washington Post | Tomoeh Murakami Tse | Posted 10.20.2009 | Business

Read More: Benefits, Bank of America, Afl-Cio, Perks, Obama, Bofa, Gmac, Fringe Benefits, Corporate Jet, Ralph Babb, Tax Money, Wall Street, Bailout, Ken Lewis, Rescued Banks, Banks, Taxpayer Money, Chauffeur, Cit Group, Kenneth Feinberg, Bailed Out Banks, Business News

Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of t...

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Rewarding Failure: The Bail-Out Bonuses on Wall Street Continue

Robert Creamer | Posted 10.16.2009 | Politics

Read More: Executive Compensation, Aig, Wall Street Bonuses, J.P. Morgan Chase, President Obama, Wall Street, Economic Recession, Financial Meltdown, Obama Regulatory Reform Package, Kenneth Feinberg, Politics News

If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.

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AIG Bonuses: Firm Paid $7,700 Retention Bonus To Kitchen Assistant

Posted 10.14.2009 | Business

Read More: Tarp, AIG Bailout, Aig, Kenneth Feinberg, Aig Bonuses, Robert Benmosche, Business News

AIG paid retention bonuses totaling more than $168 million to a wide array of employees in its financial products unit, including an assistant in a ki...

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Pay Czar: AIG Asked To Withold Some Bonuses

AP | Posted 10.13.2009 | Business

Read More: Aig, Obama Administration, Kenneth Feinberg, Treasury, Business News

WASHINGTON - The Obama administration's pay czar has asked American International Group to withhold some of the millions in bonuses promised to its em...

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Pay Czar: AIG Executive Pay Crackdown Coming

ft.com | Francesco Guerrera in New York and Tom Braithwaite in Washington | Posted 10.12.2009 | Business

Read More: Financial Crisis, Aig, Pay Czar, Bailout Bandits, Bailout, Kenneth Feinberg, Business News

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...

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Kenneth Feinberg, Obama's Pay Czar, Steered Citi Toward Phibro Sale

Yahoo! News | Steve Eder and Karey Wutkowski | Posted 10.09.2009 | Business

Read More: Bailout Bandits, Phibro, Andrew Hall, Banks, Obama Administration, Pay Czar, Kenneth Feinberg, Citigroup, Obama Pay Czar, Business News

NEW YORK/WASHINGTON (Reuters) -- The U.S. government's "pay czar" played a critical role in Citigroup's(C.N) decision to sell off its lucrative commod...

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Constitutional Experts: Obama's 'Czars' Are Perfectly Legal

latimes.com | Joe Markman | Posted 10.06.2009 | Politics

Read More: Obama's Czars, White House Czars, Legal-Matters, Adolfo Carrion, Andrew Rosenthal, Senate Panel, Obama Czars, Nancy-Ann Deparle, Executive-Compensation-Czar, Kenneth Feinberg, Senate Testimony, Feinberg Pay Czar, Czars, Politics News

In Senate testimony, constitutional experts say the president has the right to appoint independent advisers as long as the distinction between practic...

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Bailed-Out Banks Act Before Pay Czar Announcement

AP | DANIEL WAGNER and STEPHEN BERNARD | Posted 10.06.2009 | Business

Read More: CEO Pay, Executive Compansation, Bailout, Bank of America, Banks, Pay Rules, Gmac, Kenneth Feinberg, Citigroup, Business News

WASHINGTON — Several firms that received large taxpayer bailouts have adjusted executive compensation to trim cash payouts before the Obama admi...

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

Oct. 6, 2009 | David Goldman, CNNMoney.Com Staff Writer | Posted 10.06.2009 | Business

Read More: Aig, Pay Czar, American International Group, Rober Benmosche, Kenneth Feinberg, Business News

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

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Pay Czar Kenneth Feinberg Plans To Cut Salaries, Increase Stock Compensation

wsj.com | By DEBORAH SOLOMON | Posted 10.06.2009 | Business

Read More: CEO Pay, Bailout, Economy, Financial Crisis, Obama Administration, Pay Czar, Wall Street Pay, Kenneth Feinberg, Executive Compensation, Business News

WASHINGTON -- The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting...

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