Pay Czar Gets Paid


The financial crisis has been pretty good to Kenneth Feinberg. He has an important new job with a kick-ass title (though he might have preferred to be called the Pay Ninja). And now this: “So far, Lehman has paid the law firm monitoring professional fees in its Chapter 11 case nearly $1.2 million. The firm is headed up by Kenneth Feinberg, the U.S. pay czar hired to review compensation at financial firms that received money from the Troubled Asset Relief Program.” [WSJ]