Nov. 4 (Bloomberg) -- Lloyd Blankfein and Jamie Dimon, the chief executive officers of Goldman Sachs Group Inc. and JPMorgan Chase & Co., met Kenneth Feinberg as the Obama administration’s paymaster prepared to consider proposals from seven bailed-out companies, government documents show.

Blankfein and Dimon, whose banks are exempt from the pay rulings, had separate meetings in their New York offices in July, according to Feinberg’s daily schedules obtained under the Freedom of Information Act. The documents, with some blacked-out entries, list appointments from June 10, when he was named to the position, to Sept. 9. Details of discussions during Feinberg’s meetings aren’t on the daily schedule.

“It’s like a consultant trying to get as much information on what a peer group is doing,” said Kenneth Raskin, head of the compensation practice at White & Case LLP in New York.

Feinberg ordered 2009 pay cuts for executives at Citigroup Inc., Bank of America Corp., American International Group Inc. and four other firms that received more than one U.S. bailout. The companies sent proposals in August and Feinberg on Oct. 22 cut total pay for 136 executives by an average of 50 percent.

Feinberg’s agenda showed June and July meetings with Federal Deposit Insurance Corp. Chairman Sheila Bair, Securities and Exchange Commission Chairman Mary Schapiro, House Financial Services Committee Chairman Barney Frank and former Treasury Secretary and Citigroup Inc. Chairman Robert Rubin.

Spokesmen for Goldman Sachs, JPMorgan, the SEC, FDIC and Rubin declined to comment. Frank and Feinberg discussed compensation issues and pay matters related to the panel’s oversight of taxpayer bailouts, spokesman Steven Adamske said.

‘Competitive Landscape’

“It is important to understand the competitive landscape,” Treasury spokesman Andrew Williams said in an e- mail, referring to Feinberg meeting executives from companies such as Goldman Sachs and JPMorgan that are exempt from the review because they repaid the government this year.

Feinberg, 64, met AIG executives and Treasury officials most often. At the time, he was negotiating pay for Robert Benmosche, who started as AIG CEO on Aug. 10 and received a $10.5 million compensation package.

Feinberg met Treasury Secretary Timothy Geithner at least twice, met or spoke by telephone with Deputy Treasury Secretary Neal Wolin at least five times and with Herbert Allison, the assistant Treasury secretary in charge of the Troubled Asset Relief Program, at least four times, the schedules showed.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net;

Last Updated: November 4, 2009 16:58 EST