Saturday, 29 August 2009

Obama's new "Pay Czar"

Kenneth Feinberg raked in US$5.76 million last year, according to Canada's Financial Post:

A one-time chief of staff to Senator Edward Kennedy, who died Tuesday, Mr. Feinberg is also active politically, making more than US$300,000 in campaign contributions since 1990, mostly to Democrats, according to the Center for Responsive Politics. The recipients include Barack Obama, Hillary Clinton and Christopher Dodd, chairman of the Senate Banking Committee.
He also serves on the boards of a series of non-profits, including the John F. Kennedy Library Foundation, Human Rights First, the Washington National Opera, and RAND Institute for Civil Justice.
He spreads his own banking across three institutions -- Bank of America, Wells Fargo & Co's Wachovia, and Swiss bank UBS.

Very interesting indeed.