tag:blogger.com,1999:blog-5191961938285372712.post3997620664430217808..comments2022-11-27T03:31:36.198-05:00Comments on Values We Value: Where Does Any Czar get the Power Over the People?Barracuda Babeshttp://www.blogger.com/profile/17832232423546494259noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5191961938285372712.post-64346240438022101682009-10-22T13:19:51.176-04:002009-10-22T13:19:51.176-04:00Part of the bailout agreements' oversight prov...Part of the bailout agreements' oversight provisions gives the President (through an appointee) the ability to limit executive salaries. This is meant to keep a company from taking taxpayer money and then hiking up the salaries and bonuses of its executives while they're essentially on corporate welfare. The reason those salaries are being cut to half of what they were last year is partly because they hiked their bonuses earlier this year before the czar was appointed. This is looking out for taxpayer dollars. You'd be far more outraged if these companies funneled taxpayer money to the pockets of their executives. Kenneth Feinberg, the Special Master for Compensation ("Pay Czar"), held an equivalent position under Bush as Special Master 9/11 Victim Compensation Fund.<br /><br />BTW, most of these "czars" (a term the administration has never used except in reference to the long-standing Drug Czar post) are subject to Senate confirmation, the rest are the type of Presidential adviser that every since Nixon has had.Chrisnoreply@blogger.com