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ThinkFast: October 16, 2009
Think Progress — ... The Treasury Department’s “pay czar” Kenneth Feinberg “pushed outgoing Bank of America Corp. Chief Executive Kenneth D. Lewis into giving back about $1 million he received so far this year and forgoing the rest of his $1.5 million salary for 2009.” Feinberg reportedly decided that Lewis’ retirement benefits package and unvested stock worth at least $69.3 million “was large enough, and possibly too big.”  ...

The stopped clock...
the talking dog — ... costs than their competitors and other competitive advantages simply by virtue of their size. Greenspan notes that it undermines his (Randian) philosophical underpinnings-- but as with Standard Oil a century ago...too big to fail is...just plain too big. And so, the behemoth banks... have to be broken up to sustain systemic health. But will they be? Well, re: Greenspan's sudden lucidity... better late than never, I guess. But, instead of screwing around over comparative trivia like one bank executive's compensation package , this sort of sound systemic thinking... from ...

Die, Bank of America, Die!
Hit & Run — ... has blocked a big portion of outgoing BoA chief executive Ken Lewis' compensation package. Shows what happens when you're not on ...