Word: pays
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...current task may be even more complex. Feinberg's mid-October report reassessed not only what the top 25 executives of each of the seven firms that received the most government assistance should be paid but also how. Unlike his job with the 9/11 fund, Feinberg's position as pay czar is not one that inspires sympathy. Some think his meddling has made the firms over which he has sway less competitive. Others say he didn't cut enough. But as Wall Street prepares to hand out eye-popping year-end bonuses, the larger question is this: Just how much...
...That's just the start. Feinberg will oversee the pay at the firms until each has repaid the government - or until he quits, and he has no plans to do so anytime soon. Having established a set of principles on which to base compensation for these execs, Feinberg says it will be easier to pass judgment on next year's pay packages, a process he pledges to start in January...
...does one man evaluate the worth of 700 others? Feinberg asked each company to submit pay proposals for their top 25 executives. Officials at six of the seven asked him to approve base-salary raises for their top guns. He was stunned. "What I learned in this job already is that the gap between what Wall Street thinks is a reasonable paycheck and what Main Street thinks these officials should get is not a gap. It's a chasm," he says...
Some of the protest centers on a new, nonprofit Book Rights Registry that the settlement would create. The registry would find authors or their heirs and pay them for the use of their newly digitized writing, whether a blockbuster novel, a poem included in an anthology or liner notes for a long-ago blues album...
...Becoming an Anglophone isn't cheap - but that's not stopping students from signing up. Laetitia Marcellesi says she had to get a job to pay for the course, while her classmate, Justine Boussin, took out a loan to finance a study-abroad trip to London. Only time will tell if future French students will start getting this type of practical training for free at school or whether they'll have to keep paying for it once they graduate...