Fomenting financial disasters

Washingtonj Times ^ | October 25, 2009 | Washington Times

[libstripper]

Kenneth R. Feinberg, the Obama administration's "pay czar," has no clue about how to run a business. And why would he? His professional background is not in business, but as a liberal trial lawyer. His career includes such relevant experience as placing valuations on the Kennedy assassination's Zapruder film and on the lives of those killed in the Sept. 11 terrorist attacks.

Nothing in his background seems to make him qualified to determine how much firms should compensate executives. But even an extensive business background wouldn't mean that he should set corporate salaries. He has no economic incentive to pick the right salaries. Perhaps he pays a price if the political consequences go south, but not if he simply damages the companies that have fallen under his thumb.

[libstripper]

More proof that the Illegal Alien is an America and American hating comunist. As far as pensions are concerned, the thing to remember is many companies base employees' pensions either on their final year's earnings or a formula containing, for example, their last three years' earnings. In any such case a 0 year can be a disaster.

[silverleaf]

It sounds like this liberal ass is more experienced in computing the “value” of people when they’re dead than when they are working