Bonus response ‘perfectly justified’, says US pay supremo

The public outcry over hefty discretionary pay awards at financial firms is justified, says the US Treasury’s special master for executive compensation, Kenneth Feinberg.

“Of course there’s an emotional response, and rightfully so. In a time with a very uncertain economy, when there’s 10% unemployment, when small businesses and large businesses are uncertain over their financial future, huge bonuses and compensation do trigger great emotion. It’s perfectly understandable and justifiable,” says

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