Latest Kenneth Feinberg Stories
MIDLAND, Texas, Dec. 5, 2012 /PRNewswire/ -- Receiving more than $400,000 in donations following the November 15 tragic accident in Midland, Texas, Show of Support, Military Hunt, Inc. has announced plans to distribute contributions. "We are donating one hundred percent of all donations to help those healing during this difficult time," said Terry Johnson, founder of the non-profit organization that annually honors injured military veterans and their wives with a banquet and a...
WASHINGTON, Oct. 26 /PRNewswire-USNewswire/ -- Consumer Watchdog asked President Obama to force BP Fund Administrator Kenneth Feinberg to withdraw from a keynote address Wednesday at a Chamber of Commerce group dedicated to eviscerating spill victims' legal rights, and to fire Feinberg if he refuses. In the letter to Obama, Consumer Watchdog President Jamie Court said: "Given the Chamber's controversial role in the 2010 election, the organization's commitment to deny individual citizens...
ORLANDO, Fla., Aug. 23 /PRNewswire/ -- Florida Realtors® and four other state Realtor organizations successfully negotiated with Kenneth Feinberg, administrator of the new Gulf Coast Claims Facility handling the British Petroleum (BP) Oil Spill Fund, for a special allocation for real estate professionals' claims for loss of income or loss of sales due to the Gulf oil spill. From the special allocation, $16 million is initially available to pay claims to real estate professionals in...
WASHINGTON, Aug. 11 /PRNewswire-USNewswire/ -- The National Alliance on Mental Illness (NAMI) has called on Kenneth Feinberg, the independent claims administrator for the $20 billion relief fund created by BP Oil Company, to cover mental health needs resulting from the company's massive oil spill in the Gulf of Mexico. (Logo: http://www.newscom.com/cgi-bin/prnh/20100216/NAMILOGO) (Logo: http://photos.prnewswire.com/prnh/20100216/NAMILOGO) In comments before the House Judiciary Committee on...
WASHINGTON, June 28 /PRNewswire-USNewswire/ -- On Wednesday, June 30, 2010, at 10:00 a.m., the House Committee on Small Business will hold a hearing entitled, "Recovery in the Gulf: What the $20 Billion BP Claims Fund Means for Small Businesses." The hearing will examine the BP Gulf of Mexico oil spill and its impact on small businesses. The Committee will hear testimony from Kenneth Feinberg, the recently appointed administrator of the $20 Billion BP Deepwater Horizon Disaster Victim...
NEW YORK, June 10 /PRNewswire/ -- The WTC Captive Insurance Company (the "WTC Captive"), the City of New York, the contractors the City hired, their subcontractors, and attorneys for over 10,000 plaintiffs alleging injuries from the rescue, recovery and debris removal operations at the World Trade Center site operations after 9/11 today announced amendments to a March 11, 2010 settlement of those claims. The revisions total approximately $125 million added directly to plaintiffs'...
WASHINGTON, Nov. 11 /PRNewswire-USNewswire/ -- Ken Feinberg, the Obama administration's special master for executive compensation or "pay czar," will speak at a National Press Club luncheon on November 23, 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/20080917/NPCLOGO) Feinberg, who has cut compensation and benefits for executives at firms that have received U.S. government funds, is also President of the Washington National Opera and former 9-11 compensator. The National Press Club...
Executives at firms that received government bailouts last year will see a salary cut of an average of 90 percent this year.Pay Czar Kenneth Feinberg of the US Treasury is expected to announce the pay cuts this week.The cuts will involve the 25 highest paid executives at seven companies that got huge bailouts from the government.Those companies are Bank of America, American International Group, Citigroup, General Motors, GMAC, Chrysler and Chrysler Financial.Those seven companies accounted...
The U.S. Treasury's pay czar is planning to approve a $10.5 million pay deal for the head of American International Group, a source close to the office said. Kenneth Feinberg, the so-called pay czar, is assigned the task of approving compensation formulas or pay for the 100 top executives at AIG, Citigroup, Bank of America, General Motors Co., Chrysler, Chrysler Financial and GMAC -- companies that have received extraordinary measures as defined by the federal government's Troubled Asset...
Asian markets were mixed Monday while European markets fell slightly with investors in export markets digesting last week's U.S. employment news. The U.S. Labor Department said Friday the unemployment rate dropped to 9.4 percent, a turnaround few expected, although White House officials quickly proclaimed the $787 billion recovery act partly responsible for the improvement. Labor Secretary Hilda Solis and President Obama quickly said there was more work needed to keep employment headed in...
