Streams

Kenneth Feinberg

"Pay Czar" for the Obama administration

Kenneth Feinberg appears in the following:

Kenneth Feinberg on Who Gets What

Monday, June 25, 2012

Lawyer Kenneth Feinberg discusses the practical and philosophical problems of using money as a way to address wrongs and reflect individual worth. In Who Gets What: Fair Compensation after Tragedy and Financial Upheaval, he draws on his experiences with some of the most complex legal disputes of the past three decades, including Agent Orange, the closing of the Shoreham Nuclear Plant, and 9/11.

Comments [5]

Kenneth Feinberg on Gulf Coast Claims Process, One Year After Spill

Wednesday, April 20, 2011

Today marks one year since the Deepwater oil rig exploded, leaking oil into the Gulf. More than half a million people say that BP owes them money, and many of them say the compensation process is unfair and is taking too long. Kenneth Feinberg is in charge of the $20 billion in compensation fund. He responds to Gulf residents who say the process isn't fair. 

Comments [2]

Ken Feinberg on Gulf Spill Claimants’ Complaints

Monday, April 04, 2011

Attorney Kenneth Feinberg oversees payments from the Gulf of Mexico’s $20 billion oil spill fund, but some claimants have criticized his firm’s processing of the 500,000 claims sparked by the country’s worst environmental disaster. His law firm's monthly compensation has grown from $850,000 to $1.25 million as its duties have expanded.

Comments [3]

Kenneth Feinberg on BP's Claims System

Friday, August 13, 2010

BP has already paid out more than $300 million to businesses and individuals affected by the oil, which started gushing into the Gulf of Mexico on Apirl 20, but the company's claims system has been criticized by business owners who say they have had to deal with multiple adjusters. Attorney Kenneth Feinberg was hired by BP to serve as administrator of its $20 billion compensation fund and he will begin processing claims for victims of the Gulf of Mexico oil spill later this month.

Comment

Pay Czar Talks Pay Cuts for Top Executives

Tuesday, March 30, 2010

At companies deemed too big to fail, there's a delicate balance to be found between paying enough to retain talented staff and soothing public anger about big taxpayer bailouts. "Pay Czar" Kenneth Feinberg (he dislikes the term, but it's stuck) believes he’s getting the balance right.

Comments [1]

Ted Kennedy's Former Chief of Staff Remembers

Wednesday, August 26, 2009

Ken Feinberg, former chief of staff for Senator Ted Kennedy, worked for Kennedy from 1975-1980. Since being appointed Special Master of the U.S. Government's September 11th Victim Compensation Fund, he's now "Pay Czar" for the Obama administration.  Feinberg joins us to remember Kennedy's presidential aspirations, legislative record, and personal approach to politics.  (click through for full interview transcript)

Comment

A Talk with the Pay "Overseer": What's Fair?

Thursday, June 11, 2009

The Obama administration has announced the appointment of a compensation czar who will regulate executive pay at seven of the largest companies getting TARP (Troubled Asset Relief Program) funds. He will also develop a compensation structure for 80 smaller companies. The man who is taking on that job is Kenneth Feinberg, a Washington, D.C. attorney who was in charge of the September 11th Victim Compensation Fund. He joins The Takeaway to tell us about his plans. (Click through to read the interview.)

"Let everybody know exactly what we're doing, why we're making these decisions, why we feel they're the right decisions, and let the public then decide for themselves with full disclosure." — Compensation overseer Kenneth Feinberg

Comments [1]

Reimbursing Madoff's victims: How funds might be distributed

Thursday, March 12, 2009

Legendary trader, Bernie Madoff is expected to plead guilty to 11 felony charges for allegedly pulling off what could be the largest Ponzi scheme in history. The billions of dollars that he supposedly swindled is estimated to be within $50 to $65 billion. Whether or not his victims will ever see that money remains unknown. But supposing that they would be compensated, how would that money be distributed?

Joining The Takeaway to explain what it would take to financially compensate those caught up in Madoff’s investment web is Ken Feinberg, a Washington attorney who served as special master of the September 11 Victim Compensation Fund, which awarded over $7 billion to some 5,300 victims and their families.

Comment