Federal pay czar to speak about executive pay at MU

Friday, December 3, 2010 | 7:12 a.m. CST; updated 8:42 a.m. CST, Friday, December 3, 2010

COLUMBIA — The federal official who oversees the Gulf oil spill claims process and also reviewed executive pay among companies receiving bailout money will speak Friday in Columbia.

The lecture by Ken Feinberg is titled "Government Determination of Private Executive Pay: Opportunities and Challenges." He is scheduled to speak at 11 a.m. at the MU's Trulaske College of Business.

Feinberg was appointed by the federal Treasury secretary to serve as the Special Master for TARP executive compensation. He is also administrator of the Gulf Coast Claims Facility, which is processing claims by businesses and individuals affected by the BP oil spill.


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Yves Montclear December 3, 2010 | 9:30 p.m.

The headline should read:

'Federal pay czar to speak about MU executives pay'

A shame that isn't the topic of Mr. Feinberg's speech in these tough economic times for so many people. But times aren't so tough, I'm sure, for Mr. Feinberg, or MU executives.

As a Missouri taxpayer, I'd be more interested in hearing him speak about solutions to the MU executives pay problem.

And his own pay, expense account, and travel costs to come for his speech. Travel I can only assume the U.S. taxpayer is picking up the tab for.

Why can't this speech, question and answer session, be done by video conferencing? It seems like a big expenditure for a speech. Is MU paying this guy to come speak?

Here is my speech on the topic, I'll keep it short (unlike Mr. Feinberg will):

Bottom line, we can't all work for the government.

Government is crushing capitalism in this country. Somebody has to pay real taxes, putting more into the system, than they are taking out.

Government employees don't do that. People who expect the government to provide everything for them for nothing, don't do that.

Private executives, all the way down to the smallest business owners, do...they do do that.

And as Sinatra would sing: Doobie, doobie, do

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