Here’s US pay czar Kenneth Feinberg, talking about Lloyd Blankfein’s $9m pay packet to Betty Liu on Bloomberg TV.
Yes, he thinks it’s excessive, but he’s cheered by the fact the package is made up of a very low base salary and long-term stock.
He “can’t get to the total compensation, but I am pleased at the prescription…”
Hmm.
Related links:
Bonus neurosis revisited: Mine’s bigger than yours – FTAlphaville