The argument from the private sector, those under the purview of Kenneth Feinberg (Kenneth Feinberg news) anyway, has been that companies wouldn't be able to compete for top employees if the special master on executive compensation were to crack down too hard.

Feinberg, as he expands his review of pay practices at compKenneth Feinberg having an impact? anies that received government aid, dismisses the notion. He says that 85 percent of the executives whose salary he last reviewed in October were still in place, according to the Financial Times. That's evidence, he said, that "undercut(s) the argument I've heard all along."

While there's no doubt some executives left, it would be hard to pinpoint if those who left did so because of Feinberg. These companies tend to be ailing, and who wants to work for an ailing firm? All in all, it would be hard to tarnish the work of Feinberg with predictions of mass exodus--unless it actually happens because of him, which may not be provable. For what it's worth, his dealing with companies appears on the surface to be professional and even cordial. 

For more:
- here's the FT article

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