Pay Czar Reveals How He Examines Compensation Contracts

Special Master for TARP Executive Compensation Kenneth Feinberg - referred to by some as the White House Pay Czar - talks about the first thing he does when he examines an executive compensation contract. (0:57)
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Pay Czar Reviewing Compensation Structure For Young And Old CEOs

Kenneth Feinberg, the Special Master for TARP Executive Compensation - also referred to by some as the White House's 'Pay Czar' - says his "first obligation right now...is to design a compensation structure for officials 26 to 100 in each of the seven companies (AIG, Bank of America, Citigroup, Chrysler, Chrysler Financial, General Motors and GMAC). Right now, we are actively doing that by the end of this year." (0:58)
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