Ken Feinberg In Complete Agreement Comp Caps Are Raw Deal
So, okay. Kenneth Feinberg said at a conference this morning that he is worried that the pay cuts he came up with will drive away talent from the companies on whose asses he's placed caps.
Kenneth Feinberg, the Obama administration's special master for executive compensation, said he is "very concerned" about the possibility his pay cuts may drive talent away from companies bailed out by U.S. taxpayers.
What's happening here? Is this one of those situations where he's being like I understand where you're coming from, I'm not disagreeing with you, but it's too late and you have only yourselves to blame. OR: is K.Fein starting to second guess himself? Is it possible in his moment of vulnerability he can be broken? OR (and this is this most likely scenario): are we witnessing a little passive aggression being thrown in the direction certain elvin colleagues at the Treasury, whose incessant sniveling has worked Feinberg's last nerve? He likes the caps just fine but if it means undermining the world's most famous tax-evader he's willing to do what it takes?
