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AP: Obama’s Pay Czar Concerned Firms Could Lose Talent.

November 13th, 2009 · No Comments · Economy

Seriously?

This according to an AP article:

The Obama administration’s pay czar said Thursday that he is “very concerned” about scaring away top talent at seven firms that took the biggest bailouts.

Perhaps the only surprising thing in this article is that the AP refers to Kenneth Feinberg as “Obama’s Pay Czar” instead of the Orwellian sanitized “Special master for executive compensation” preferred by the administration.

But back to the Pay Czar’s “concern.”

This is simply insulting to every American’s intelligence, even MTV watching Kanye West fans. Think about it: here’s a guy who comes into a company and declares his mission statement to be “executives working for company A will be paid less than those working at company B“, and then he declares concern that executives may be going to work for company B instead of company A?

That defies all logic, except perhaps liberal “logic.” After all, Obama and his czar probably expect executives to donate their time and energy for the greater good, all in an effort to prop up the state.

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