A Conversation with Kenneth Feinberg, Special Master for Executive Compensation
March 2, 2010
Appointed by President Obama in 2009, Feinberg is more formally known as the Special Master for Executive Compensation. Feinberg's mandate is to oversee all forms of compensation for the most senior executive officers and highly compensated employees at the seven firms that received exceptional TARP assistance (AIG, Citigroup, Bank of America, Chrysler, GM, GMAC and Chrysler Financial). His mandate may be narrowly focused but his influence is wide-ranging, touching compensation policies in boardrooms across America.
Feinberg was interviewed by David W. Miller, director of the Princeton University Faith & Work Initiative, on issues of ethics and faith related to his current role as "Pay Czar" at the Treasury Department, as well as his broader views on corporate governance and the role of business in society today.
Feinberg is a former 'Lawyer of the Year' award-winner, a nationally recognized mediation expert, and a distinguished professor who is recognized for his wisdom in handling sensitive and difficult matters of public concern and controversy.
Feinberg was accompanied by his colleague, Robert Johnson, Deputy Special Master for TARP Executive Compensation and advisor on executive compensation and corporate governance to senior officials at the Department of the Treasury.