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.
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