BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Kenneth Feinberg Tries Desperately to Stay Relevant]]>http://www.bloggingstocks.com/2010/02/09/kenneth-feinberg-tries-desperately-to-stay-relevant/http://www.bloggingstocks.com/2010/02/09/kenneth-feinberg-tries-desperately-to-stay-relevant/http://www.bloggingstocks.com/2010/02/09/kenneth-feinberg-tries-desperately-to-stay-relevant/#commentsFiled under: ,

If you were to calculate a headlines/efficacy ratio for government and corporate leaders, executive pay czar Kenneth Feinberg would have to rank pretty high on the "most press for least accomplished" list.

Now that Bank of America (BAC) and Citigroup (C) are out from the somewhat watchful eye of Mr. Feinberg, he has only American International Group (AIG), the car companies, and GMAC to meddle with at little benefit to anyone.

So what does he do to keep himself occupied? He chats on the phone with Goldman Sachs (GS) CEO Lloyd Blankfein about how that company can better align pay for its executives, even though he has no authority over -- or interest in -- that company's policies.

Continue reading Kenneth Feinberg Tries Desperately to Stay Relevant

Kenneth Feinberg Tries Desperately to Stay Relevant originally appeared on BloggingStocks on Tue, 09 Feb 2010 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>compensationGoldman SachsGoldmanSachsGSinthenewsKenneth FeinbergKennethFeinbergpaypay czarPayCzarTue, 09 Feb 2010 10:20:00 EST<![CDATA[Pay czar may cave after AIG execs threaten to quit]]>http://www.bloggingstocks.com/2009/12/08/pay-czar-may-cave-after-aig-execs-threaten-to-quit/http://www.bloggingstocks.com/2009/12/08/pay-czar-may-cave-after-aig-execs-threaten-to-quit/http://www.bloggingstocks.com/2009/12/08/pay-czar-may-cave-after-aig-execs-threaten-to-quit/#commentsFiled under: , , ,

During the past year, there's been no shortage of discussion about executive pay at American International Group (AIG) -- and the deluge continues. CEO Robert Benmosche reportedly threatened to walk last month over frustrations with the Obama administration's pay caps, but was persuaded to stay by the company's board.

Apparently, Benmosche's maneuver inspired five other AIG execs to issue similar threats, with the group warning last week that they might walk if pay czar Kenneth Feinberg gets too handsy with their compensation packages.

Continue reading Pay czar may cave after AIG execs threaten to quit

Pay czar may cave after AIG execs threaten to quit originally appeared on BloggingStocks on Tue, 08 Dec 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAmerican International Groupexecutive payfeaturedinthenewsKenneth Feinbergpay czarPayCzarRobert BenmoscheTue, 08 Dec 2009 11:30:00 EST<![CDATA[What exactly is the pay czar accomplishing?]]>http://www.bloggingstocks.com/2009/11/30/what-exactly-is-the-pay-czar-accomplishing/http://www.bloggingstocks.com/2009/11/30/what-exactly-is-the-pay-czar-accomplishing/http://www.bloggingstocks.com/2009/11/30/what-exactly-is-the-pay-czar-accomplishing/#commentsFiled under: ,

In an 8-K filed with the SEC, Bank of America (BAC) disclosed that it made changes to the compensation packages of two senior-level executives as a result of consultation with executive pay czar Kenneth Feinberg.

CFO Joe L. Price saw his pay cut from $800,000 last year to $500,000 for this year, retroactive to September 1st.

Price's salary was trimmed to $500,000, retroactive to Nov. 1. He earned a salary of $800,000 for 2008, according to a separate filing submitted in March. He'll also get $5.3 million in stock awards, which is actually an increase from what he received last year.

Continue reading What exactly is the pay czar accomplishing?

What exactly is the pay czar accomplishing? originally appeared on BloggingStocks on Mon, 30 Nov 2009 10:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bacfeinberginthenewsobamapay czarPayCzarsalaryMon, 30 Nov 2009 10:40:00 EST