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The Job at Hand The Treasury established Feinberg's position after Congress passed the American Recovery and Reinvestment Act in February. Feinberg has jurisdiction over the 100 highest-paid employees at the seven firms that the government deemed "exceptional assistance recipients": insurer AIG, financial firms Bank of America and Citigroup...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

Feinberg had the seven firms disclose what the executives in question earned in the past two years. He then collected data on top executives' salaries in the auto and financial industries. None of those at the bailed-out firms, in Feinberg's view, should receive more than the average pay...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

But as often happens in China, this potential bonanza could prove to be a mirage for foreign companies. The country's policymakers are nurturing a domestic alternative-energy industry on a massive scale. China is home to more than 100 wind-turbine manufacturers and some 400 solar-panel companies. The...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

Some overseas firms insist that China is simply repeating an economic development strategy that has propelled the country's rapid progress in many other manufacturing sectors. The country has been able to use the lure of huge potential markets to entice foreign companies to hand over technology and know-how...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

Beevor is a skillful guide through the complex jockeying for position, sketching thumbnail portraits of the senior officers with novelistic abandon. (Of the senior British commander, the exasperating Sir Bernard Montgomery, he writes, "His self-regard was almost comical.") He is willing to be graphic, though never gratuitously so, in...

Author: /time Magazine | Title: How D-Day Almost Became a Disaster | 11/2/2009 | See Source »

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