Just kidding. I meant Pay Czar.
This isn't Russia. Is this Russia? This isn't Russia. I'm currently doing a project on this guy and he is pretty rad.
His resume includes:
- Chief of Staff for Ted Kennedy in the late 60's
- Special Master of the September 11 Victim Compensation Fund
- Court-Appointed Special Settlement Master in several high-profile product liability cases including Agent Orange and asbestos
- Administrator of the Hokie Spirit Memorial Fund
- Had a street in his hometown named after him
- Founding partner of this law firm
He actually has a pretty reasonable view on executive compensation. His main tenets are small cash salaries and lots of long-term stock compensation. He also strongly believes in "claw-back" provisions, where if someone receives a bonus based on a performance target, and it later turns out that target was not actually met, that person should pay back their bonus. To a normal person, that sounds like common sense, but I guess it took this baller to make companies actually do it.
Best of all, he likes to have
testy exchanges with congresswomen.
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