Pay czar voices disappointment with lack of jurisdiction

01/7/2010 | Bloomberg

Kenneth Feinberg, the special master on executive compensation, expressed disappointment recently that he does not have greater influence over pay policies at financial institutions. "The biggest disappointment, I think, is that under the statute my jurisdiction is so narrow, and so circumscribed, that I have no real direct mandatory power over other Wall Street or other national companies," Feinberg said.

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