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"We don't have any authority to set compensation levels or even to advise".
Meanwhile, there has been a major movement to ensure that boards appropriately set compensation, with independent directors tasked with the job.
Kenneth R. Feinberg, the administration's new "pay czar," has the authority to set compensation for only the top 100 employees at troubled companies.
"Basically, the state does not set compensation rates for private businesses, even if taxpayer funding is a major revenue stream," said Claudia Hutton, a spokeswoman for the Health Department.
The government had the authority to set compensation levels at those seven TARP recipients, and this was the companies' opportunity to plead for salaries and bonuses for each of its top 25 executives.
A number of media takeovers have been characterized by costly management turnover, which not only destablizes companies, but can make it tougher for studio owners to set compensation packages for the new team.
Similar(32)
"What experience does he have in setting compensation?" Mr. Price asked.
Florida enacted a statute setting compensation for wrongful criminal convictions; the amount was $50,000 for every year served in prison.
The letter asks the nonprofit groups to reveal which compensation consultants they used and to explain their rationale for setting compensation.
The measure went to court after questions were raised because the Michigan Civil Service Commission, which sets compensation for state employees, has separate powers under the state Constitution.
Once that money is fully repaid, I don't believe it's appropriate for the government to be in the business of setting compensation levels".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com