This interview with Kenneth Feinberg is worth a listen. Feinberg was just put in charge of overseeing pay for executives at some of the financial firms that got bailout money. He says he "recoils" when he reads his job described as executive compensation czar. (The proper title is "special master for executive pay compensation.")
Feinberg is building a resume of difficult jobs. Previously he oversaw payouts for 9-11 victims.