From the diaries by Erick.
H/T to Michelle Malkin.
Reuters is reporting that Kenneth Feinberg, the Obama Adminstrations “Pay Czar” will be reviewing compensation contracts for company officials and may “claw back” much of what has been or will be paid.
Particularly concerning is this, from the second page of the article:
Feinberg said the law requires him to take market forces into account, but also to consider performance and past deals between a company and an employee.
“The statute provides these guideposts, but the statute ultimately says I have discretion to decide what it is that these people should make and that my determination will be final,” Feinberg said.
