Paying the BP victims — not as easy as it should be
Kenneth Feinberg, administrator of the $20 billion BP disaster victims fund, talks about the challenges he will face in determining who gets paid and how much they will receive. Feinberg, who was at Public Citizen this afternoon to discuss his role as the Obama administration’s executive pay czar, said it’s not a matter of simply taking claims from victims and writing checks.
What if you’re a motel 40 miles from the beach and you say that business is down by a third because of the perception of the spill even though the oil never got to the beach? Is that a valid claim?
Leigh Coleman and Rachelle Younglai at Reuters have more about Feinberg’s task and how his reputation as a “fixer” is going to be put to the test.