[by Larry Goldfarb]

Kenneth Feinberg, former Obama administration special master on executive pay, said that Wall Street executives are “delusional” if they think their pay will continue to rise significantly.

“It’s a volatile political atmosphere, and executive compensation is fair game in times of financial uncertainty.  . . .I think that most of this discussion about executive pay is driven by conventional, traditional market forces – competition, volatility of markets, financial uncertainty . . . . I don’t think much of it has to do with Treasury regulations, or the ongoing role of the pay czar or agency activity.  It’s more the free market and the impact of the free market on pay,” he said. But he added that Wall Street is “delusional” to expect big pay increases.

For more information, please read [CNBC, 10/19/2012]