Business Ethics

Figuring Executive Compensation: Obama Finds It Isn’t Easy

For all of President Obama’s recent criticism of “fat cats” on Wall Street, his administration and the Congress have thus far proven unable to even begin addressing the issue in any fundamental way. New evidence of that can be found in the current The New York Times Magazine cover story, which focuses on the work of Kenneth Feinberg, the “pay czar” for companies receiving bailouts under the federal government’s TARP program.