Pay Czar eyes TARP firms’ pay

Pay Czar Ken FeinbergU.S. “Pay Czar” Ken Feinberg is writing all 419 firms that took taxpayer bailout money — not just the big seven taking TARP bucks — seeking to review their executive compensation, and maybe asking for some bucks back.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the deep review is appropriate and fair.

“Whether or not his legal mandate extends to the particulars of the grants made, his capacity to ‘name and shame’ should be exercised to the fullest in any instances where executives were rewarded for the very acts that endangered their companies.”

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

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