Kenneth Feinberg is the pay czar, but he doesn’t like the title even if it’s spelled “tsar.” He also talks as if he doesn’t like his job. He does, however, have a lot of unchecked power in that job.
For example:
I would rather like to think of myself as an individual who will work with these companies in a win-win situation, developing compensation structures and amounts consistent with the public interest. … I have sole authority … At the end of the day I look at the salary of the 175 top officials in these seven companies that the law requires me to examine and review. … No, I don’t think the framers ever thought that the newly formed federal government at the end of the 18th century would be establishing compensation standards for private-sector officials. I don’t think that our Founding Fathers ever though that limited federal government would play this role.
