Word: czars
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...victims and families of victims of 9/11. Three years later, he agreed to administrate the Hokie Spirit Memorial Fund, set up for the benefit of victims' families in the wake of the 2007 Virginia Tech mass shooting. In his latest high-profile role, as the Obama-appointed executive-pay czar, Feinberg announced Oct. 21 that the Treasury Department will slash compensation for the 25 highest-paid executives at the seven firms that received the largest chunks of federal bailout money: Citigroup, Bank of America, AIG, General Motors, Chrysler and the financing arms of the two automakers. Salaries are expected...
While some imagined that Hathaway herself would stay in the White House to serve as the new cybersecurity czar after her team concluded their report, she decided to leave for Cambridge...
...cybersecurity czar position, which the administration has yet to fill, will cooperate jointly with the National Economic Council and the National Security Council, viewed as a controversial move by some on the Beltway...
...Blaney's high-profile action also highlights the increasing dangers of identity misappropriation as Twitter and other social-networking sites become staple tools of political campaigning. Kerry McCarthy, an MP appointed by Labour as the party's "Twitter czar," has already intervened to stop two well-meaning Labour supporters from tweeting as other people in a misguided effort to boost the party (one posed as an MP, the other as an official Labour outlet). @lordmandelson, a fake version of Business Secretary Lord Mandelson, has also suspended activities. The Foreign Secretary, David Miliband, who now tweets as @DMiliband, was beaten...
...requirements for banks as they get larger, to make sure that as they get larger they get more boring. For compensation, one way to mitigate risk is to defer some chunk of compensation so that it's only success over time that you get paid for. Having a compensation czar dictate who should earn what is probably not a great solution...