Ken Feinberg

Obama’s Compensation Head Ken Feinberg Caps Exec Pay

Ken Feinberg, the administration’s compensation czar, capped pay at $500k/yr for execs at firms receiving what he calls exceptional assistance from the government. With very few TARP repayments so far, this covers a lot of companies and executives. Full ABC story here, with a small excerpt below: Feinberg is limiting cash salaries at the firms