White House Orders Pay Cut For Bailout Firms

Courtesy Donklephant  Thu, 10/22/2009 - 10:33am

Who’s this guy?

Meet Kenneth R. Feinberg, the new pay “czar” for the White House. He’s tasked with reigning in the out of control compensation at companies the government helped recently.

I think it should be noted right off the bat that this is tied to executive compensation and bonuses…two pots of money that are so out of step with compensation in the real world it’s obscene.

I mean, one year after all of...



 

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