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Feinberg, Kenneth (Pay Czar)



Title: Special Master on Executive Pay
Reports to: Treasury Secretary Timothy Geithner
Department that handles similar issues: Treasury Department
Duties: Examine compensation practices at companies that have been bailed out more than once by the federal government

  • Born in October 1945 in Brockton, Massachusetts
  • Graduated in 1967 from the University of Massachusetts
  • Graduated in 1970 from New York University Law School
  • Clerked for two years for New York State Court of Appeals Judge Stanley Fuld before moving to the U.S. attorney’s office in Manhattan
  • Served as Chief of staff for Senator Ted Kennedy, 1978 to 1980
  • Worked for the law firm of Kaye, Scholer, Fierman, Hays & Handler (1980 to 1992)
  • Founded the law firm of Feinberg Rozen LLP in 1992, and remains a managing partner to this day
  • Donated more than $150,000 to political candidates between 1992 and 2008, almost all of it to Democratic candidates and political action committees
  • Oversaw the payouts (from the federal government’s September 11th Victim Compensation Fund) to the families of the victims of the 9/11 attacks
  • Has taught law at Georgetown University, New York University, and Columbia University
  • Tait Trussell writes in FrontPage Magazine: "The appointment of Kenneth Feinberg … as the pay-czar illustrates the breadth of power vested in Obama’s czars. Feinberg will have the authority to review, reject and likely determine specific compensation of any company executive who has taken bail-out money from Obama’s giant piggy bank. Not only will the top executives of these companies have to come to Feinberg with hat in hand for their salaries; so, too, will 100 high-ranking employees of  Citigroup, Bank of America, American International  Group (AIG), and other companies given large sums, such as General Motors."


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