Kenneth Feinberg, founder of Washington law firm Feinberg Rozen LLP and former xxecutive pay special master for the U.S. Treasury, says the difference in compensation between Wall Street and Main Street "is guaranteed to foster tension." Feinberg talks with Bloomberg's Tom Keene, Scarlet Fu and Cristina Alesci on Bloomberg Radio's "Bloomberg Surveillance."
Kenneth Feinberg , the Obama administration’s special master on executive compensation, called on 17 bailed-out financial firms including Goldman Sachs Group Inc. and Bank of America Corp. to adopt compensation policies that allow directors to lower top executives’ pay when their firm is under threat.
Kenneth Feinberg and his law firm have been paid more than $2.5 million in 3 1/2 months to administer the $20 billion fund set up by BP Plc to compensate victims of its oil spill in the Gulf of Mexico.
Kenneth Feinberg ’s effort to pick among claims on BP Plc ’s $20 billion fund for victims of its oil spill has attracted a group of self-described watchdogs: attorneys general from affected Gulf Coast states.
A $20 billion fund for victims of BP Plc ’s Gulf of Mexico oil spill will make initial payments equal to six months of reimbursement after criticism the process is too slow, claims administrator Kenneth Feinberg said.
Kenneth Feinberg , in charge of paying victims of BP Plc ’s oil spill, will meet Senator Tom Carper this week and may face a congressional hearing as the claims process draws criticism from residents and policy makers.
Kenneth Feinberg , responsible for compensating victims of the BP Plc ’s Gulf of Mexico oil spill, is encouraging restaurants and hotel owners to apply, even if their businesses aren’t within a few miles of the coast.