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Ken Feinberg Testifies On Gulf Coast Recovery And BP Compensation Fund
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Kenneth Feinberg Mayor Bloomberg And Kenneth Feinberg Discuss 9/11 Responders' Settlements
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Mayor Bloomberg And Kenneth Feinberg Discuss 9/11 Responders' Settlements
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Kenneth Feinberg House Energy Committee Hearing Assesses Impact Of Oil Disaster On Tourism
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House Energy Committee Hearing Assesses Impact Of Oil Disaster On Tourism
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Kenneth Feinberg Senate Holds Hearing On Financial Recovery And Compensation From Oil Spill
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Senate Holds Hearing On Financial Recovery And Compensation From Oil Spill
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TARP pay czar caved on executive pay limits, bonuses

By fytre on | From rawstory.com
WASHINGTON (Reuters) – Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven companies rescued with taxpayer money, a new government audit showed on Tuesday. The official overseeing executive pay for bailout firms limited cash compensation and made some reductions in pay, but still approved compensation packages in the millions, the TARP (Troubled Asset Relief Program) inspector general said in the report. Former U.S. pay czar...Read Full Story

On Gulf Coast, Frustration At BP Claims Process

By RobertMuller on | From earthfourenergy.blogspot.com
Enlarge Rogelio V. Solis/AP Oil spill claims czar Kenneth Feinberg speaks about the claims process Feb. 18 at the Mississippi College Law Review Symposium in Jackson, Miss. Feinberg faces criticism from Gulf Coast residents about the slow pace and low amount of payments. Rogelio V. Solis/AP Oil spill claims czar Kenneth Feinberg speaks about the claims process Feb. 18 at the Mississippi College Law Review Symposium in Jackson, Miss. Feinberg faces criticism from Gulf Coast residents about the...Read Full Story

Compensation czar takes charge of $20 billion BP fund

| From reuters.com
NEW ORLEANS (Reuters) - A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business on Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who sustained financial loss because of the spill could claim for damages and he promised claimants more generous treatment than they would get if they sued the energy giant for damages. "The goal here is to try and explain to eligible...Read Full Story

US pay czar to report on 419 bailed-out firms

| From afp.com
US pay czar Kenneth Feinberg on Monday said he is poised to report on pay at hundreds of bailed-out firms, including Wall Street giants Goldman Sachs, JPMorgan Chase and Morgan Stanley. Feinberg, the Treasury Department's special master for compensation, said he would report on pay and bonuses at 419 firms which received government funds. "We are finishing up," said Feinberg, "those decisions will be rendered by me sometime within the next week, I think." The pay review, capturing the 2008...Read Full Story

Pay Czar Reveals $1.6 Billion in "Ill Advised" Payouts But Does Nothing About Them

By jrdeputyaccountant on | From jrdeputyaccountant.com
So let me make sure I have this right because Lord knows I've been drinking more than usual lately. Feinberg spent months putting together this report only to discover 17 firms had paid out $1.8 billion in questionable bonuses but then comes out and says he's not going to do anything about it. What the fuck are we paying this guy for then? WSJ : U.S. "pay czar" Kenneth Feinberg on Friday declined to request 17 financial firms that doled out $1.6 billion in "ill advised" executive...Read Full Story
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Pay czar failed to curb excessive bank pay, report says
Bank-bailout pay czar Kenneth Feinberg allowed compensation to executives to rise too high, a deputy special inspector general reported Tuesday. But Feinberg says he was under conflicting pressures and ambiguous guidelines and had to make the call on top bankers' salaries.  
From seattletimes.nwsource.com ()
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Report: Pay czar failed to curb excessive bank pay
WASHINGTON (AP) — A watchdog says private executives and Treasury officials pressured a top government official to allow seven banks and businesses to bypass pay restrictions established in the $700 billion bailout. Pay czar Kenneth Feinberg approved salaries for five executives in excess of the $500,000 limit, according to a report Tuesday issued by the deputy special inspector general for the bailout fund said...  
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Pay czar allowed excessive pay for some bailed-out executives: report...
The deputy special inspector general for the TARP Troubled Asset Relief Program has criticized former pay czar Kenneth Feinberg for not curbing executive pay enough at companies the federal government bailed out during the recession. In 2009, President ...  
From api.bing.com ()
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Report: Pay czar bent to pressure from banks, Treasury; failed to curb...
WASHINGTON — A watchdog says private executives and Treasury officials pressured a top government official to allow seven banks and businesses to bypass pay restrictions established in the $700 billion bailout. Pay czar Kenneth Feinberg approved salaries ...  
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Kenneth Feinberg, Special Master of 9/11 Victim Compensation Fund, to Deliver...
January 04, 2012 – Kenneth R. Feinberg, one of the country’s leading experts on mediation and alternative dispute resolution, will deliver the 2012 Paul S. Miller Distinguished Lecture on Tuesday, January 24, 2012, at Rutgers School of Law–Newark.  
From media-newswire.com ()
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Report: Banks Bypassed Bailout Salary Restrictions
The deputy special inspector general for the bailout says in a report that pay czar Kenneth Feinberg approved salaries for five executives in excess of the $500,000 limit. Feinberg also approved pay packages, which included stock and other forms ...  
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Kenneth Feinberg Talks About his Postdisaster Experiences
Attorney Kenneth Feinberg makes tough calculations on the heels of disaster, administering payouts after September 11, the 2007 Virginia Tech campus massacre, and BP's Gulf Coast oil spill. Attorney Kenneth Feinberg makes tough calculations on the heels of ...  
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