Kenneth Feinberg, better known as the Obama administration’s pay czar, announced yesterday that he’d cut salaries on top executives at 5 companies that are still using bailout cash. [More]
Union: Don't Let BofA CEO Keep Ginormous Pension
By October 8, 2009
Outgoing Bank of America CEO Ken Lewis looked like he had a pretty sweet deal, with the $53 million pension he’s due to get when he walks. Hold on, says one union, in a letter to White House “pay czar” Kenneth Feinberg: “The American people are counting on you to reform the reckless culture of Wall Street that allows bank executives to drive our economy into the ground and walk away with millions.”


