The Obama administration and Congress will this week wade into the debate on executive compensation, paving the way for limits on short-term bonuses and appointing a new official to vet companies.
Kenneth Feinberg, a lawyer and former head of the 9/11 compensation fund, is set to be appointed to a new role overseeing banks' compensation schemes to ensure that they do not reward unnecessarily risky behaviour.
As Special Master of the 9/11 fund, Mr Feinberg was charged with setting appropriate levels of compensation to the families of victims of the terrorist attacks on New York and Washington. He was criticised from the outset as being brusque and confrontational.
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