Obama Appoints 'Compensation Czar'

Congratulations, Kenneth R. Feinberg. You now have the much-desired job of boss of the world's most despised bosses. As President Obama's "Compensation czar," Feinberg will have the ability to determine the salaries of 175 executives at seven of the nation's largest companies, according to the New York Times. The bosses of bailout companies such as Citigroup, Bank of America, and General Motors will be under Feinberg's watchful eye. Feinberg, a high-profile lawyer in Washington, D.C., is no stranger to difficult cases: The last time he was in the news he had the responsibility of "putting a financial value on the lives of victims of the 9/11 attack."