Risk USA: Tarp compensation restrictions are a "sideshow", says Feinberg

ken-feinberg
Kenneth Feinberg

Restrictions on compensation at US institutions that were bailed out under the Troubled Asset Relief Program (Tarp) in 2008 and 2009 were little more than a "sideshow" and will never be enforced at other financial institutions, according to the man responsible for administering the pay caps.

Speaking at the Risk USA conference in New York today, Kenneth Feinberg, founder of law firm Feinberg Rozen in New York and the former special master for Tarp executive compensation, said efforts to

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