Over the companies out of his jurisdiction, though he’s closing his eyes and hoping for the best, i.e. that banks which don’t have to do what he says will decide on their own to take an ax to executive pay.
“The biggest disappointment, I think, is that under the statute my jurisdiction is so narrow, and so circumscribed, that I have no real direct mandatory power over other Wall Street or other national companies,” Feinberg said today in an interview with Bloomberg special contributor Judy Woodruff. “I have my fingers crossed that we have developed some guidelines, some compensation prescriptions that will be emulated,” Feinberg said.
Feinberg Says Lack of Pay Authority Is Disappointment [Bloomberg]
"i have my fingers crossed"
awesome
cough cough douchebag cough cough
No one displays "power" in a finacial trading work environment unless they wear a turban, a large white cloth diaper and gold lame' shoes that curl up at the tip. That, my friends, is "power".
~Former Lehman HR Person
@3 ORLY?
-LB
I have my fingers in my pants.
@3 did you watch aladin on abc family last night as well? love that jaffar.
“The biggest disappointment, I think, is that under the statute my jurisdiction is so narrow, and so circumscribed, that I have no real direct mandatory power over [anything of consequence]”
I didnt realize he was a first year rain making analyst at UBS.
Ken,
Maybe your dream job to determine everyone's pay exists in North Korea.
8: The unstated presumption that him having "real direct mandatory power" over every company in the U.S. would be a good idea says all you need to know about this guy and the administration he belongs to.
2nd @9 (Joseph di Jersey City).
This bit of spin is also revealing, though:
"Feinberg said his 'biggest accomplishment' as pay special master is Citigroup and Bank of America’s repayment of U.S. aid.
"'I find that to be the primary objective, and we achieved it,' he said."
back in the good ol days we deported communists like him back to East Germany
Feinberged = F—ed up the a$$ via your wallet