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‘Compensation Czar’ to Oversee Exec Pay

The Obama administration on Wednesday enthroned Washington lawyer Kenneth Feinberg as its “compensation czar,” whose job it will be to oversee the salaries and bonuses of 175 top executives of our beloved bailed-out financial firms, including AIG, Citibank, Bank of America and GM. The White House’s initial call to cap executive pay at $500,000 is no longer on the menu.

Posted on Jun 11, 2009 READ MORE


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