Posted on 09/13/2010 5:39:47 PM PDT by Kaslin
Politics: The pay czar who demanded that a bank CEO work without compensation indeed earned a salary, though the public was told he wouldn't be paid. Does this White House care about transparency or hypocrisy?
Kenneth Feinberg, who seems to always have his hands on someone else's money, was the administration's "special master for compensation," meaning that he determined pay for the executives who ran companies that took taxpayers' bailout dollars. His duties eventually included handing out $20 billion in BP money to businesses and individuals harmed by the Deepwater Horizon oil spill in the Gulf of Mexico.
When Feinberg took the job, the public understood that it was a pro bono position. The media repeatedly said that Feinberg would not be paid and the administration never disputed the reports.
The New York Times, for instance, said in June 2009 that the man who would "have an almost unprecedented discretion to set pay for some of the nation's top bankers and chief executives" was going to receive "no compensation for his work."
As it turns out, however, Feinberg, who demanded that Bank of America CEO Ken Lewis work without pay, made $120,830 a year on a job he left only just Friday. Documents confirming his salary were obtained by Judicial Watch, which had asked for them through the Freedom of Information Act.
(Excerpt) Read more at investors.com ...
NO!
They don't care!
They're in, now. They have the support of a corrupt party and press.
There's nothing we can do and they know it.
The media should lay off Feinberg. He does a fine job, and he needs some kind of income, for God’s sake.
Don’t forget that he’s not an “Obama man.” George W. Bush appointed him to be the “compensation czar” for the 9-11 families.
At least his threshold is low enough to beat the new tax hikes. Now if it was over $250,000, look out.
It’s not about the Obama Czar or his compensation. It is about the lying news media and their constant coverup and beautification of the Obama administration.
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