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Article: Pay czar anxious over losing talent
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 13, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON - The Obama administration's pay czar said yesterday
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. chief executive 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.
Feinberg did not learn about Benmosche's ...