Pay Czar: Kenneth Feinberg

Pay Czar: Kenneth Feinberg.


Each czar can have their own topic line. If anyone hears something on a particular
czar, report it here so the lead dog of that czar can fact check it and manage
the material to best report to Glenn.

By Steve
Eder and Karey
Wutkowski - Analysis

NEW YORK/WASHINGTON
(Reuters) -

Quote :

Wall Street salaries have become everybody's business lately, but
the Obama administration's pay czar may try to keep under wraps a large portion
of the compensation plans he is reviewing.

Kenneth Feinberg has said he is uncertain how much information will be made public. Privacy laws and fears that highly compensated executives will become targets for populist anger argue for limiting such disclosure.

Feinberg, speaking on Martha's Vineyard on August 16
in his only public remarks since becoming President Obama's point-man on executive pay, called the issue of disclosure "a serious problem."

"There is a tension between not wanting to put on the front page of every newspaper in the country the specific compensation packages of these individuals ... versus the public's right to know," he said.

Seven major companies still entangled in the government's Troubled Asset Relief Program -- including Citigroup Inc (C.N),
American International Group Inc (AIG.N), Bank of America Corp (BAC.N) and General Motors Co -- have submitted proposed compensation plans for their 25 highest-paid employees. Feinberg is reviewing the proposals.

As of now, the Treasury Department does not expect to make public information that would identify individual employees. It has said it will publish final determinations on pay packages in compliance with the Privacy Act, a federal law limiting disclosure of personal information.

Read the rest of the story at: http://www.smalllinks.com/CTF

I understand the reluctance to disclose this information, but how do these ppl claim have compassion for disclosing the information while at the same time demoralizing and demonizing the same exact ppl.

By the end of this term we'll look up the word transparency and it will say: lacking identifying or individualizing qualities.