Pay Czar

Pay 'Czar' Feinberg: I'm Not Eager To Use Imperial Edicts

HuffingtonPost.com | Sam Stein | Posted 11.12.2009 | Business

Read More: CEO Pay, Bloomberg Washington Summit, Feinberg Executive Compensation, CEO Compensation, Pay Czar, Ken Feinberg, Imperial Edicts, Pay Czar Feinberg, Business News

The man known as President Obama's "czar" of CEO pay, Kenneth Feinberg, said on Thursday that he finds the title "unfortunate" and believes that the c...

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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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Sunday Roundup

Arianna Huffington | Posted 10.25.2009 | Business

Read More: Morgan Stanley, Andrew Ross Sorkin, JP Morgan, Jamie Dimon, John Mack, Pay Czar, Wall Street, Barack Obama, Too Big to Fail, Business News

This week, Obama's pay czar announced he'd be slashing executive pay at seven of the biggest recipients of bailout billions. So it's no surprise that many of Wall Street's Masters of the Universe didn't turn up at the New York fundraiser President Obama spoke at -- choosing instead to attend a party thrown to toast the release of Too Big To Fail, Andrew Ross Sorkin's blow-by-blow account of the meltdown. There, enjoying cocktails and finger food, were many of the central players, including Jamie Dimon of JP Morgan and John Mack of Morgan Stanley. Which is kind of like Hannibal Lecter showing up for the opening of Silence of the Lambs. Perhaps they take comfort in Sorkin's assessment that when it comes to reforming Wall Street "the Obama administration seems to have moved on to other priorities." I need a drink.

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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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Despite Pay Czar's Cuts, Many Top Executives Have Already Left Bailed-Out Firms

washingtonpost.com | Tomoeh Murakami Tse and Brady Dennis | Posted 10.23.2009 | Business

Read More: Tarp, Wall Street Pay. Kenneth Feinberg, CEO Pay, Bailout, Merrill Lynch Bank of America, Aig, Banks, Pay Czar, Bank Pay, Citigroup, Business News

The administration had tasked Kenneth Feinberg, the Treasury Department's special master on compensation, to evaluate the pay packages of 25 of the mo...

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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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Taming Corporate Pay, Finally

Mark Green | Posted 10.22.2009 | Politics

Read More: Executive Pay, Pay Czar, Executive Compensation, Ken Feinberg, Politics News

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?

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Wall Street Bonuses: Four Questions

Jill Schlesinger | Posted 10.20.2009 | Business

Read More: Tarp, Pay Czar, Colbert Report, Wall Street Bonuses, Business News

How did some of these banks make so much money? You can thank the government. First and foremost, there was TARP funding.

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Bank Of America Earnings: Bank Lost $2.24 Billion On Ba Loans

AP | IEVA M. AUGSTUMS | Posted 10.16.2009 | Business

Read More: Bank of America Earnings, Bank of Americ 3q, Ken Lewis, Back of America Stock, Bank of America, Bofa, Pay Czar, Business News

CHARLOTTE, N.C. — Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing mo...

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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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Fox News Ignores White House Afghanistan Meeting To Obsess Over Czars

HuffingtonPost.com | Jason Linkins | Posted 10.06.2009 | Media

Read More: Msnbc, Fox News, Cnn, Media Criticism, Afghanistan, Pay Czar, Czars, Media News

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.

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

Chris Weigant | Posted 10.03.2009 | Politics

Read More: 80, Chicago, Spiro Agnew, Eighty Percent, Reform, South America, Alan Grayson, DC City Council, Dc, Charles Schumer, Death Panel, Die Quickly, Grayson Transcript, William Safire, Floor Speech, Midotw, Sexual Harassment, Most Impressive Democrat of the Week, Don't Get Sick, Health Care, Kenneth Feinberg, Reid, Tarp, Abortion, Public Option, Grayson Speech, Democrat, Letterman, Congress, Pay Czar, Democrats, Barack Obama, Schumer, Mddotw, Child Rape, Health, Harry Reid, Vacation, Nixon, Bonuses, Polanski, Gay Marriage, Healthcare, Senate, David Catania, Ben Nelson, Cloture, President Obama, Sex Scandal, Washington, Filibuster, Moral Relativism, Obama, Democratic, Friday Talking Points, Grayson, Republican, Most Disappointing Democrat of the Week, Paranoid Delusions, Rio, Roman Polanski, Salaries, Rape, House, Copenhagen, Nelson, Consensual, Olympics, Wall Street, Chris Weigant, Sex, Columbus Day, Chuck Schumer, Executive Pay, Troubled Assets, David Letterman, Agnew, Safire, Feinberg, Catania, Politics News

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...

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

Les Leopold | Posted 09.28.2009 | Business

Read More: Financial Crisis, Pay Czar, Wall Street, Barack Obama, Economic Crisis, Barney Frank, Business News

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.

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

Reuters | Steve Eder | Posted 09.25.2009 | Business

Read More: Bank of America, Banks, Aig, Pay Czar, Pay Czar Clause, Kenneth Feinberg, Citigroup, Business News

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. ...

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Obama's Pay Czar Leaning Against Naming Names

Reuters | Steve Eder and Karey Wutkowski | Posted 09.24.2009 | Business

Read More: Pay Czar, Wall Street Bonuses, Wall Street Pay, Kenneth Feinberg, Business News

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

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Pay Czar Says He Can 'Claw Back' Exec Comp

Reuters | Posted 09.16.2009 | Business

Read More: Executive Compensation, Clawing Back, Pay Czar, Kenneth Feinberg, Exec Compensation, Business News

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

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Citigroup Traders $100M Pay Package Eyed By Pay Czar

nytimes.com | STEPHEN LABATON and ERIC DASH | Posted 09.13.2009 | Business

Read More: Vikram Pandit, Pay Czar, Phibro, Kenneth Feinberg, Andrew Hall, Citigroup, Business News

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...

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

Les Leopold | Posted 09.12.2009 | Business

Read More: Obama Administration, Financial Crisis, CEO Pay, Pay Czar, Wall Street, Barack Obama, Citigroup, Economic Crisis, Business News

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

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$100 Million Payday Poses Problem For Pay Czar

nytimes.com | DAVID SEGAL | Posted 09.01.2009 | Business

Read More: Andrew J. Hall, Andrew Hall, Phibro, Treasury Department, Pay Czar, Executive Pay Cap, Treasury Department Czar of Executive Pay, Business News

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? ...

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Pay Czar

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