pay czar

Now that General Motors is on better financial footing and the automaker's initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.

Citigroup's (C) newest energy banker Stephen Trauber could take home as much as $30 million over three years as part of his juicy new pay package with the bank. Trauber, whom Citigroup poached from Swiss bank UBS (UBS), landed himself the deal just months after pay czar Kenneth Feinberg ended...

A new report from pay czar Kenneth Feinberg looks at compensation practices at 17 banks that received federal bailouts, and it's not a pretty picture: The banks made an estimated $1.6 billion in "ill-advised" payments.

Wall Street "pay czar" Kenneth Feinberg will ask several financial firms to strengthen so-called clawback provisions, but will not force them to recover bonuses paid at the height of the financial crisis, CNBC reported. Clawback provisions allow companies to reclaim compensation given to...

Kenneth Feinberg will relinquish his role as Treasury's "pay czar" later this summer to focus on administering the BP (BP) $20 billion oil spill fund, a Treasury spokesman said late Wednesday. A specific date for Feinberg's departure wasn't specified, and a replacement hasn't yet been chosen. BP...

No one knows more about putting a price on human suffering than Kenneth R. Feinberg. The new claims administrator for the $20 billion BP oil spill compensation fund has spent 25 years finding a measure of justice for victims of disasters from Vietnam to 9/11.

We all know the deal: Big firms which got government bailouts and haven't paid back the money are supposed to be subject to pay restrictions. Fannie Mae and Freddie Mac both borrowed tens of billions, and haven't repaid it yet. So how is it that their CEOs will make eye-popping sums for their work in 2009?

While America's biggest banks may still be kicking and screaming about their need to make compensation decisions without interference, the bailouts they took from the government could impact their freedom to hand out excessive cash compensation for years to come. Even the hiring of a CEO for Bank...

More employees of firms receiving extensive government aid will face caps on their pay, thanks to Obama administration pay czar Kenneth Feinberg (pictured). For top-earning workers at Citigroup (C), American International Group (AIG), General Motors and GMAC, Feinberg has limited cash compensation...

In fashioning a new way forward for General Motors, Chairman and interim CEO Ed Whitacre has a formidable task ahead of him. In addition to finding new leadership to help reverse GM's decades-long slide, Whitacre must focus on getting new products to market, repairing the venerable automaker's...