Posted on 09/09/2010 10:32:50 AM PDT by jazusamo
Complete title: Obama’s Executive “Pay Czar” Feinberg Received Six-Figure Salary According to Documents Uncovered by Judicial Watch
Treasury Documents Contradict Press Reports that Feinberg “is receiving no compensation for his role”
Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has uncovered U.S. Treasury Department documents that reveal President Obama’s "Special Master for TARP Executive Compensation" Kenneth Feinberg received a $120,830 annual salary to establish executive compensation levels at companies bailed out by the federal government. These documents contradict multiple press reports that Feinberg would not be compensated for this work for the Treasury Department. Judicial Watch received the documents pursuant to its Freedom of Information Act request filed July 20, 2010.
When President Obama appointed Washington lawyer Kenneth Feinberg “Pay Czar” in 2009, the press reported that he would perform his duties pro bono. Dozens of mainstream media stories confirmed that Feinberg, founder and managing partner of the Washington, D.C., firm Feinberg Rozen LLP, would not receive a salary to set pay limits for more than two dozen executives at companies receiving government bailouts. For example, Reuters reported in August 2009, “Feinberg is receiving no compensation for his role.”
However, Judicial Watch has obtained the Treasury Department’s June 8, 2009, welcome letter to Feinberg, congratulating him for being selected “Special Master of Executive Compensation” and listing his annual salary at $120,830. Judicial Watch has also uncovered a “Notification of Personnel Action,” from the U.S. Office of Personnel Management dated June 8, 2009, also establishing Feinberg’s salary level at $120,830.
Judicial Watch repeatedly contacted Kenneth Feinberg at both his Washington, D.C., law firm and the U.S. Department of the Treasury. Judicial Watch has also contacted Treasury Press Secretary Mark Paustenbach. Neither Mr. Feinberg nor the Treasury Department has provided an explanation for the discrepancy.
“This is yet another reason why more of these Obama czars should go through the Senate confirmation process, rather than being simply installed into power by Obama,” said Judicial Watch President Tom Fitton. “We shouldn’t have to pepper the Obama administration with FOIA requests to know what these czars are doing and how much they’re getting paid to do it. More information about Obama’s czars should be part of the public record and be transparent to the American people.
Seems about right for a “Special Master”.
seems low to me.
Lucy!! ...you got some ‘splaining to do!
So... the federal government will set pay levels at private sector businesses.... wow...
It may be low but it seems it’s $120,830 more than reported and I doubt the enemedia pulled their reports out of thin air. If they did then Obama and his thugs lied by not speaking up that the reports were wrong.
OMG! A 6 figure salary!!!!!! :)
What did anyone expect? That the guy was working for $10/hr?
lol we can make money but you can’t..you must be content with less...Obama and UN says so..As Hillary says UN is new world power. Are all Democrats brain dead
It doesn’t bother you that the Obama people either outright lied or lied by omission by not correcting the record?
Unexpected /s
He's been given one impossible, thankless job after another and has discharged them fairly, compassionately and honorably.
September 11th fund, Virginia Tech, BP spill, Executive Compensation....
Talk about your cans of worms!
Besides, he was born in Brockton, MA which makes him a member of an exclusive club.
Why is every socialist a money greedy bastard!
Glad organizations like Judicial Watch are still allowed to drill down for the truth.
Sorry.
I didn’t notice he was supposed to be pro-bono.
Sorry.
I didn’t notice he was supposed to be pro-bono.
Yeah, when I first saw the piece I thought what the heck but after getting to the part where (I guess) the administration made a big deal out of it it seems they flat out lied. Not surprising though for this bunch.
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