Word: lawyers
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...executive pay. EESA requires the Treasury Department to monitor executive pay at all the firms receiving government assistance. Last summer the Treasury said firms that are deemed to be receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation for the 25 highest-paid employees at those firms. Other firms receiving government assistance are subject to much less stringent pay rules. (See pictures of TIME's Wall Street covers...
...defaulting on your credit cards, can hurt your credit score. Instead, he suggests splitting your available cash between your credit-card and home-loan commitments and contacting your lenders. Bilker says you can often strike a deal, especially these days. "Tell them you are thinking of contacting a bankruptcy lawyer, so they can work with you on a plan now or face not getting paid back in court," says Bilker. "These days, more lenders are listening...
Three weeks after being charged with kidnapping for allegedly trying to transport 33 Haitian children--some orphans, others not--out of the country illegally, eight American missionaries were released on Feb. 17. Two others were kept in Haiti for further questioning. A lawyer for one of the released Americans said the move was a good indicator that the charges against those freed would eventually be dropped...
...Access to Justice program will focus on improving indigent defense services—legal assistance for people who are unable to afford a lawyer. Tribe will serve as a primary liaison to the federal and state judiciary, working with judges and attorneys across the country to improve the delivery of legal services, according to Department of Justice spokeswoman Tracy Schmaler...
Tribe, who starts in his new position today, will direct a team focusing on finding alternatives to expensive court- and lawyer-intensive services. Tribe declined to comment for this article...