Reuters scores exclusive interview with Obama's pay czar
08.17.2009
Reuters scored an exclusive interview on August 16 with the Obama administration’s pay czar Kenneth Feinberg on the sidelines of a speech in Martha’s Vineyard that was covered by no other major media. Feinberg claimed that he has power to “claw back” compensation from any company that received money from the U.S. Treasury’s Troubled Asset Relief Program. Asked by Reuters if he could use his authority to target a firm like Goldman Sachs, which has paid back $10 billion in TARP money, Feinberg said “anything is possible under the law.” The Reuters story was featured as the top story on New York Times Dealbook’s daily email and was cited on CNBC.