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Article: Obama's pay czar concerned firms could lose talent
- Article from:
- AP Online
- Article date:
- November 12, 2009
- Author:
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The Obama administration's pay czar said Thursday that he is "very concerned" about scaring away top talent at seven firms that took the biggest bailouts.
"The determinations I render I design first and foremost to make sure those companies thrive and that the taxpayers get their money back," said Kenneth Feinberg, the Treasury Department's special master for executive compensation.
Feinberg spoke following reports that American International Group Inc. CEO Robert Benmosche was threatening to leave after chafing under Feinberg's oversight of pay at the firm. Benmosche said Wednesday he was frustrated but planned to stay on.
Feinberg didn't learn about ...