Topic: Kenneth Feinberg
Pay czar says must decide on clawback soon
Reuters US Online Report Politics News
WASHINGTON (Reuters) - The Obama administration's pay czar said on Thursday that he has about 45 days to decide whether he will exercise his authority to claw back compensation at any firm that has received government bailout funds. Kenneth Feinberg, who is in charge of determining pay practices at the ...
FDIC to weigh in on bank pay next week
Reuters US Online Report Business News
WASHINGTON (Reuters) - The board of the Federal Deposit Insurance Corp will meet on January 12 to consider proposing rules on compensation for bank employees, the agency said on Wednesday. The FDIC did not provide details on what it will propose, but it has been expected that the agency will weigh ...
AIG executive resigns over pay limits
Reuters US Online Report Top News
NEW YORK (Reuters) - A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration's pay czar, the insurer said on Wednesday. Anastasia Kelly, AIG's vice chairman for legal, human resources, corporate affairs and corporate communications, resigned effective December 30 for ...
Regulator approves millions for Fannie, Freddie execs
Reuters US Online Report Business News
WASHINGTON (Reuters) - The top U.S. housing regulator said on Thursday it approved 2009 pay packages of up to $6 million each for the chief executives of government-controlled mortgage giants Fannie Mae <FNM.N><FNM.P> and Freddie Mac <FRE.N><FRE.P ...
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