Wall Street fat cats fear the pay czar

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Published in CNN Money October 20, 2009 by David Ellis

President Obama’s “pay czar” will soon decide whether top executives at firms that received the most assistance from the government during last year’s financial crisis are making too much money.
By month’s end, Kenneth Feinberg, a Washington attorney who up until six months ago was known by few on Wall Street, is expected to rule on pay packages for the 5 most senior executives at Citigroup (C, Fortune 500), Bank of America (BAC, Fortune 500) and AIG (AIG, Fortune 500) as well as 20 other highly compensated executives at those firms.

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