The US has appointed a “pay czar” to review executive compensation packages for firms that have received government bail-outs.
Kenneth Feinberg, a Washington lawyer, will have the power to set the pay and bonuses of executives at some of the biggest US companies.
These firms include Bank of America, Citigroup and General Motors.
Is it just me, or does Obama seem extra keen on appointing ‘Czars’.
One throat to choke… or blame…
Velcome Comrade