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Kenneth R. Feinberg.
Don't know the name?
Don't worry.
Pretty soon, he'll know yours.
Here's the deal.
And here I thought I was chatting with the boss yesterday.
Turns out it isn't Rupert Murdoch.
It's Ken.
And lest you think I’m stretching the point saying the Obama Administration's pay czar is going to soon be my pay czar or your pay "czar," think about this.
Ken starts out overseeing pay at federally rescued institutions…which could explain a bunch of 'em eagerly offering to pay back that dough ASAP.
Especially when he's called a "Master of Compensation?"
Masters generally don't soil themselves with a specific industry, or a specific group…masters tend to branch out.
Because when you're in charge of compensation, you're in charge of a lot.
And when it comes to compensation, let's just say Ken knows a lot. And Ken has done a lot.
Ken's the guy who doled out federal relief dough to 9/11 victims' families.
And years later, did the same for loved ones of those Virginia Tech shooting victims.
Let's just say, sadly, Ken knows victims.
And this time he's setting the pay for the very folks who many argue left a trail of financial victims.
But before you cheer his charge, remember his charge.
He's the face of government changing the face of the financial system..
Setting pay for CEOs, and brokers, bankers, and even their assistants.
And in setting such pay for firms taken over, what firm wouldn't be watching the new pay levels ken is making over?
The talk is Ken Feinberg drives a hard bargain, which is a good quality when you're doling out government cash.
But after the government cash has been doled out?
This, I can't figure out.
All I know is that Ken is a compensation master.
And right now, the financial world is his oyster.
For now.
Because that's the thing about masters. They move over to other oysters.
After all, look at Ken.
This is his third oyster.
