Czars are "just advisers", "no power", no "authority huh?

Moby Grape · **Joined:** Sun Nov 12, 2006 12:19 pm **Posts:** 13802

edge540 wrote:

Ignorant moron wrote:

Quote:

...secondly, it doesn't matter anyways because DUMBO has czars running this country while sidestepping and violating the Constitution at every turn....no need for congress

It's really fascinating how stupid & ignorant you people really are:

Quote:

Pay Czar Feinberg, Not Obama, Behind Decision to Slash Executive Pay
Fox News

White House pay czar Kenneth Feinberg was the driving force behind the move to order steep pay cuts from bailed-out executives, and did not even seek the president's approval before making his decision.

The Treasury Department is expected to formally announce in the next few days a plan to slash annual salaries by about 90 percent from last year for the 25 highest-paid executives at the seven companies that received the most from the Wall Street bailout. Total compensation for the top executives at the firms would decline, on average, by about 50 percent.

The sweeping decision, though, came from Feinberg and not from President Obama.

One official told Fox News that Feinberg from the start had the independent authority to work with companies and make such a call. Obama was never required to sign off before final decisions were made.

On Thursday, the chairwoman of the panel that oversees the $700 billion federal bailout fund said the Obama administration is serious about the new plan. In an interview, Elizabeth Warren said reports of pending slashes in executive salaries are "real."

http://www.foxnews.com/politics/2009/10 ... utive-pay/

Where does this guy get the authority and power to do this?

Northwest Indiana Discussion

Czars are "just advisers", "no power", no "authority huh?

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