Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Pay Czar

Pay Czar Definition

Pay Czar means a "Special Master for Compensation" who deals with executive-pay guidelines.

This is the nickname of Kenneth Feinberg, an American attorney, who specialized in mediation and alternative dispute resolution. The nickname was given to Feinberg after he was  appointed by the U.S. Treasury Department to monitor compensation awards to executives of the firms that received TARP funds during the 2008-2009 crisis. Media pointed out that big bonuses had been given to the executives of the bailed-out institutions, therefore the position of Special Master for Compensation was created to control compensation awards.

RELATED CATEGORIES
Buzz Words




Submit a Definition



Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z