Czar Blocks BofA Chief's Pay

Follow this link to read the article:
http://online.wsj.com/article/SB125564137421788337.html

This article speaks to the power given to Federal Agencies by the president. It is interesting how the head of compensation of the U.S. Treasury Department, Kenneth Feinberg, was able to suggest to the CEO of the Bank of America that he forgo his salary for the year and he readily agreed stating that he did not think it was in the best interest of the bank to "get involved in a dispute with the paymaster." Some people disagree with his tactics of going after 1 individual at the bank; however, I think more of these CEO's should be forced to give up their salary and benefits considering how many in their company have lost or will lose their jobs. Many of these CEOs salaries can pay for a dozen support employees. It also makes you wonder if the previous administration had better scrutinized these companies and used Mr. Feinburg's tactics sooner maybe the executives would not have mismanaged their companies so badly.