Kenneth Feinberg is the Obama administration's new choice to oversee compensation practices at a handful of the nation's biggest companies. Just don't call him a "pay czar."
"That makes it sound like I'm going to issue some imperial decree on the subject of compensation. There's nothing further from the truth," Feinberg said Thursday, one day after his appointment. "My goal is to reach out to these seven companies and meet with them and work out an acceptable compensation program -- acceptable...Full Story