Pay czar says authority should not be expanded
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Administration plans big pay cuts at bailout firms
By: BiodunIginla
Thursday, October 22, 2009 by Melissa Gruz, US Desk of BBC News for the BBC'a Biodun Iginla<
about 1 month ago
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Despite Intentional Snub, White House Press Corps Rallies to Include ...
By: CitizensForHonestGovernment
In an overt, intentional attempt to shut out FOX NEWS from an interview with the pay czar, Kenneth Feinberg yesterday, the White House excluded Major Garrett, FOX NEWS White House correspondent, from the reporters participating in the pool coverage of the interview. That is, until the other news bureaus included in the pool refused to go forward ...
about 1 month ago
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Should The Government Decide What You Get Paid?
By: Redhanded101
One of Obama’s Czars has actually done what he was hired to do. Kenneth Feinberg, WH pay Czar, has ordered that all bailed out executives that received any TARP monies, take deep pay cuts and make due with 90% of what they used to earn. This move will affect all seven companies that accepted monies from the ...
about 1 month ago
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By: StuDio
Quiet concerns are circulating in Washington that the U.S. Secretary of the Treasury Timothy Geithner authorized purchase of assets from several financial institutions at 100% of their market value rather than the anticipated discounted prices. Reports have surfaced that Geithner approved payments to, among others, Wachovia and Goldman ...
6 days ago
- News Source: Turks and Caicos Free Press | 27 days agoKenneth Feinberg , the Treasury bailout program's special master for compensation, who cut total compensation for top earners at seven bailed-out firms last week, increased base salaries at the companies, the Wall Street Journal said, citing its own...
- News Source: Asian Wall Street Journal | 28 days agoAt Citigroup, which is 34%-owned by the U.S., government, Mr. Feinberg agreed to more than double salaries for 13 of the 21 employees, according to the Journal's analysis. Treasury Department officials confirmed the accuracy of the Journal's...
- News Source: Reuters | 28 days agoThe Obama administration's executive pay czar said his authority should not be expanded beyond setting compensation guidelines for seven banks and automakers that have received extraordinary taxpayer bailouts. Kenneth Feinberg, the U.S. Treasury...
- News Source: Seattle Times | 28 days agoorgan CEO Jamie Dimon said Tuesday his bank won't try to hire top performers at Citigroup and Bank of America, days after the government's "pay czar" slashed pay for the biggest earners at JPMorgan's troubled rivals. JPMorgan CEO Jamie Dimon said...
- News Source: International Business Times | 28 days agoThe Obama administration's pay czar, who sent shock waves through Wall Street by slashing compensation at seven bailed-out companies, says those moves were just the beginning. Kenneth Feinberg will soon start setting rules for 2010 compensation at...
- News Source: CNN | 28 days agoThe next round of executive pay decisions for companies that have received substantial government bailout funds could have a more lasting impact on pay practices nationwide, the special master on pay for the bailout said Tuesday. AIG ( AIG , Fortune...
- Blog Source: reactionradio.netTreasury pay czar Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his purview. But he substantially increased regular salaries, a move that reflects the complex mix of political and ...
- Blog Source: www.footnoted.orgKenneth Feinberg is about to unveil his plan that will effect compensation for 600 employees at seven troubled companies.
- Blog Source: nymag.comWhen Treasury Department pay czar Kenneth Feinberg cut executive compensation at seven companies that accepted bailout money, a collective groan rose from Wall Street. Surprisingly, it wasn't ignored. Instead, Feinberg revisited the issue and
- Blog Source: scaredmonkeys.comMaybe Obama should have his pay czar cut Congressional pay? After all, they have been paid by tax payer money for years and done nothing for it. How does the Congress get a raise, yet “We the People” have a near 10% unemployment? ...
- Blog Source: www.ourfuture.orgHome Feature Box: The White House pay czar isn't reforming Wall Street. He's cutting deals with it. We need to understand the difference. The White House pay czar isn't reforming Wall Street. He's cutting deals with it.
- Blog Source: race42008.comI chuckled two weeks ago when I saw that AIG was “asked” by Kenneth “Pay Czar” Feinberg, to reduce scheduled contractual bonuses. Asked? Then the chuckle reached belly-laugh this past week when Feinberg “announced” that all TARP ...
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@alansmurray Feinberg's pay rhetoric doesn't match the reality of his plan, which increases base pay for many bankers. http://bit.ly/3I1h8z
27 days ago
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