Wednesday, October 28, 2009

It's nice to see someone in power who doesn't want more of it

So apparently pay czar Kenneth Feinberg has warned Congress not to give him any more power regulating pay other than what he has already been given. It is refreshing to hear of someone who has power and does not want more of it. I actually don't see anything wrong with him regulating the pay of the 7 companies that he is currently responsible for since it will hopefully send the message to companies everywhere that you do not want the U.S. government to be your primary shareholder. But kudos to him for turning down the opportunity to regulate other companies that took smaller amounts of gov't money. He is a real public servant.

http://money.cnn.com/2009/10/28/news/companies/feinberg_hearing/index.htm?postversion=2009102813

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