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While so-called pay czar Kenneth Feinberg's new rules for TARP-backed firms cut compensation by...

While so-called pay czar Kenneth Feinberg's new rules for TARP-backed firms cut compensation by about half, they also boosted base salaries by 14% to an average of $438K/year after executives complained. The move contradicts Feinberg's goal of tying pay to long-term performance, and "deepens the confusion and skepticism" surrounding the program.
Comments (5)
  • "After executives complained"........boy its good to see the government has chosen a guy with a strong backbone to implement these compensation rules.....give me a break.
    28 Oct 2009, 09:17 AM Reply Like
  • If you don't like the terms of the TARP, go to the Fed Discount window where the terms are more favorable.
    28 Oct 2009, 09:19 AM Reply Like
  • This is all well and good but the real question is, who watches the pay czar? The watchmen?
    28 Oct 2009, 09:20 AM Reply Like
  • I love the "so called pay czar..." If it hasn't hit the Obama people yet, leftists raising up so many Tsars is unseemly. How about Kenneth Feinberg, "Taxpayer watchdog"?
    28 Oct 2009, 09:38 AM Reply Like
  • Remember, Father (oops, excuse me, I mean Government) knows best. After all doesn't government attract the best and brightest, most objective and most honest?
    28 Oct 2009, 12:55 PM Reply Like
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