How long until we stop appointing mini-Czars and just go with the real thing? Would it be any different?
If you are not shocked by the power grab currently taking place in Washington, D.C., you are not paying attention. The Wall Street Journal records the latest shocker (subscription required):
appoint a "pay czar" to monitor the firms receiving the most government aid. Treasury Secretary Timothy Geithner is expected to push all firms--not just those receiving funds from the government's Troubled Asset Relief Program--to more closely tie incentive compensation to long-term performance by paying employees in restricted stock, rather than cash.