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   Executive pay: How much say should Obama ‘czar’ have?

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News Date

11/4/2009 4:00 am

Author

Mark Trumbull

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Category

General

Database Record

Entered 11/4/2009, Updated 11/4/2009

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The question of Wall Street pay has opened a partisan rift over the role of government in setting private-sector salaries. When federal “pay czar” Kenneth Feinberg testified before Congress Wednesday, Democratic lawmakers focused on what they see as greed and irresponsibility by executives who continue to reap millions in pay after taxpayer bailouts. Republicans expressed worry about overreach by the government itself – warning about unintended consequences of a big-bonus backlash. Given public concern about both the behavior of Wall Street and Washington policymakers, it’s a debate that’s unlikely to end with Mr. Feinberg’s stoic answers.


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