politicsdaily.com - 10/6/2009
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President Obama limited salaries for corporate banking executives that received bailout funds earlier this year. Now, his pay czar Ken Feinberg is planning to crack down on cash salaries for a wide variety of executives at companies receiving large sums of government money, the Wall Street ...
"Pay Czar?!"
powerlineblog.com 10/18/2009 — Today the Obama administration's "pay czar" demanded that Ken Lewis , Chairman of the Board of Bank of America, work for free. The "czar," Kenneth Feinberg, pressured Lewis not only to forgo all remaining compensation for 2009, but to repay the $1 ...
Gone, gone, gone
marginalrevolution.com 10/23/2009 — At BofA and AIG close to a majority of the top executives whose salaries were to be cut have already left. Nuff said. "There's no question people have left because of uncertainty of our ability to pay," said an executive...
For Many Still Working, Salaries Have Seen Deep Cuts
crooksandliars.com 10/15/2009 — And of course, these people with the deep pay cuts still have the mortgages they took on when they were making a lot more money. But we won't talk about that, it might depress people:
MECHANICSVILLE, Va. — The dark blue captain’s hat, with its ...
Obama Praises His Pay Czar for Executive Pay Cuts
blogs.abcnews.com 10/23/2009 — President Obama praised his pay czar Ken Feinberg today for taking “an important step forward today” by announcing that executive salaries will be severely cut at businesses with taxpayer financed bailout money.
Executives receive one-third of all pay in the U.S.
thinkprogress.org 7/22/2009 — According to a Wall Street Journal analysis of Social Security Administration data, more than one-third of all pay in the U.S. now goes to executives and other highly-paid employees :
Executives and other highly compensated employees now receive ...
Pay Czar Tries to Trim A.I.G. Bonuses
nytimes.com 10/14/2009 — The federal pay czar is trying to force the American International Group to reduce $198 million in bonuses promised to employees of its trading unit, where problems posed a threat to the global financial system last year. But the Treasury ’s special ...
Czar Blocks Bank Of America Chief's Pay
huffingtonpost.com 10/16/2009 — The U.S. Treasury Department's pay czar pushed outgoing Bank of America Corp. chief executive Kenneth Lewis into giving back $1 million he received so far this year and forgoing the rest of his $1.5 million salary for 2009, say people familiar with ...
Is the Pay Czar Unconstitutional?
volokh.com 10/30/2009 — Former federal appellate judge Michael McConnell, now a professor at Stanford, argues that the “Pay Czar” is unconstitutional . Specifically, he argues that the “Pay Czar,” aka the Treasury Department’s “Special Master” for executive compensation, ...
Obama agenda: Afghanistan —
First Read 10/6/2009
Today, the president heads to the National Counterterrorism Center in an effort to highlight what is, essentially, the global war on al-Qaeda, though the administration hesitates to use the phrase "war on terror." "Shortly after taking office, ...
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