17 firms issued excessive pay

Official expected to cite practices after bailouts

Kenneth Feinberg’s next job is serving as the government-appointed administrator of BP’s fund for claims from the gulf oil spill. (Alex Wong/Getty Images)

Globe Staff And Wire Reports / July 23, 2010

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With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited. (Full article: 484 words)