Kenneth Feinberg Goes Out With a Whimper
By Michael Corkery
http://blogs.wsj.com/deals/2010/07/23/kenneth-feinberg-goes-out-with-awhimper/?KEYWORDS=bank+executives+bonus
Pay czar, Kenneth Feinberg’s latest report shows us a view of Wall Street’s recent
pay practices. Many bonuses were handed out to CEO’s of banks. He was ordered to
review compensation practices at TARP banks and recommend changes he thought
would help. In the end, he couldn’t force the banks go give back any money. This article
shows a goal and value of an economy: economic equity. These CEOs make a lot of
money, and receive huge bonuses, while the rest of the population gets maybe less than
half and some struggle to even support their family. This economy still needs to work
towards economic equity.