online.wsj.com - 10/22/2009
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[Kenneth Feinberg, the U.S. Treasury Department's special master for compensation] Bloomberg Kenneth Feinberg, the U.S. Treasury Department's special master for compensation, at the National Association of Corporate Directors' Corporate Governance Conference on Tuesday.
nytimes.com - 10/21/2009
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nytimes.com —
Kenneth R. Feinberg, the Treasury Department's special appointee
for executive compensation, spoke yesterday in Washington....
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Kenneth Feinberg Must Be Super Smart!
TRUTH ON THE MARKET —
... and best use of resources and that such prices cannot be produced by a single mind (i.e., the Soviet-style central planner) but can emerge only as millions of folks reveal their needs and desires by trading amongst themselves. Today, the powers that be seem to think that some czars possess abilities their historical successors, the Soviet central planners, lacked. I’m speaking, of course, of our most esteemed Pay Czar, Kenneth Feinberg. In his near-infinite wisdom, Czar Kenneth has determined how labor resources should be allocated in seven disparate firms (two auto ...
Opening Bell: 10.23.09
Dealbreaker —
... for it."
GM CEO to get raise in compensation (Reuters)
Last year's comp was $1.71 million, this year will be $5.45 million.
CIT Reaches Tentative Deal with Goldman (CNBC)
The new agreement calls for Goldman to reduce the loan to just over $2 billion, people said. CIT in turn would pay Goldman about $300 million if it files for bankruptcy.
Top employees leave financial firms ahead of pay cuts (WaPo)
So suck it, Feinberg!
Fed Hits Banks With Sweeping Limits Pay (WSJ)
While the Fed didn't propose pay caps, it ...
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Fed Considers Limits on Bank Pay
dealbook.blogs.nytimes.com 9/18/2009 — The Federal Reserve is preparing what would be the most sweeping rules yet to regulate the pay at banks across the country, people close to the discussion said Friday.
Bankers Face Sweeping Curbs on Pay
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My Visit to the US Treasury, Part 2
alephblog.com 11/4/2009 — Before I start this evening, to all my fellow bloggers out there, if you were invited to the gathering at the US Treasury and did not come, I have a request and a question:
If you were invited, send me an e-mail .
Tell me why you decided not to come, if you would.
If present trends ...
Feinberg ‘Concerned’ Pay Cuts Could Drive Out Talent
hf-implode.com 24 days ago — "- Kenneth Feinberg, the Obama administration’s special master for executive compensation, said he is “very concerned” about the possibility his pay cuts may drive talent away from companies bailed out by U.S. taxpayers."
Banks Thwarting Feinberg Pay Model by Changing Bonus Formulas
hf-implode.com 30 days ago — " Global leaders and regulators trying to rein in banker pay are proposing everything from clamping down on guaranteed bonuses to recouping compensation from prior years if losses mount. Largely unaddressed is the topic that stirs the most public ire: How much money is too much?"
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