Sunday, September 12, 2010

Obama's "unpaid" Pay Czar Received Six Figure Salary


It is widely reported that Kenneth Feinberg, President Obama's Special Master for TARP Executive Compensation (pay czar), did not receive an compensation for the work.

The NYT's reported:
The compensation and perks of executives at some of the companies receiving aid provoked a political firestorm this year. In revising a February proposal to set pay limits, the Obama administration has decided to leave the success or failure of its effort to tame excessive compensation largely to Mr. Feinberg. (Mr. Feinberg himself will not receive any compensation for his job.)

Judicial Watch has uncovered documents that prove that is false.
Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has uncovered U.S. Treasury Department documents that reveal President Obama’s "Special Master for TARP Executive Compensation" Kenneth Feinberg received a $120,830 annual salary to establish executive compensation levels at companies bailed out by the federal government.

The Washington Examiner is reporting Feinberg's spokesman, Amy Weiss, told them he received a paycheck every two weeks, but gave the money back. As of this post, there is no supporting evidence for that claim.

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