WASHINGTON (

TheStreet

) -- Kenneth Feinberg, the White House-appointed pay czar, will cite 17 financial firms for making $1.6 billion in "ill-advised" payments during the height of the financial crisis, the

Wall Street Journal

reports.

Feinberg on Friday is scheduled to release a report Friday detailing payouts, including salary and bonuses, that companies made as they were receiving government bailout money, the newspaper reports.

Goldman Sachs

(GS) - Get Report

,

JPMorgan Chase

(JPM) - Get Report

and

Citigroup

(C) - Get Report

are among the companies Feinberg will name, the

Journal

reports, citing people familiar with the matter.

Citigroup and Goldman declined to comment for the

Journal

, while JPMorgan didn't immediately return a call.

Feinberg reviewed the pay practices at 419 companies that received federal bailout money.

Feinberg won't identify executives by name, according to

Bloomberg

. He may publicly pressure companies to return compensation; he doesn't have the legal authority to recoup the money,

Bloomberg

says.

-- Written by Joseph Woelfel in New York.

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