Miller Center: Executive Compensation: Challenges and Pitfalls
Wall Street banks and other businesses that received federal bail-out funds predicted that their top executives would quit if they weren’t paid lavishly. Now, Kenneth R. Feinberg, the “pay czar” who must review and approve compensation for certain executives receiving Troubled Asset Relief Program (TARP) funds, reports that about 85% of the affected bankers have remained with their companies, despite receiving “drastic” pay cuts in some cases. Feinberg, who was appointed by the Secretary of the Treasury to serve as Special Master for Executive Compensation, will discuss his work under TARP.
Monday, May 10 at the Miller Center at 11am.