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Kenneth Feinberg

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NATIONAL
September 21, 2012 | By Michael Muskal
Kenneth Feinberg, who oversaw victim compensation funds after the Virginia Tech shootings, the BP oil spill in the Gulf of Mexico and to those connected to the terrorist attacks of Sept. 11, 2001, is being asked to become involved in the money collected after a shooting at a movie theater in Aurora, Colo. The shooting prompted more than $5 million in donations. Feinberg, who was hired this week to deal with compensation claims stemming from the Jerry Sandusky child sex-abuse scandal at Penn State, will meet on Friday with Colorado state and charity officials to discuss a role in resolving disputes, it was reported by a variety of media outlets.
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BUSINESS
April 2, 2014 | By Jim Puzzanghera and Jerry Hirsch
For just a few million dollars, General Motors Co. could have replaced a defective ignition switch that ultimately has been linked to 13 deaths and is expected to cost the automaker billions in repairs, fines and litigation. GM need only have spent an additional 90 cents on each switch to handle the problem. But the automaker balked at the expense, according to company documents. That fateful decision came into sharp focus during the second day of hearings on Capitol Hill over the safety scandal.
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NATIONAL
November 30, 2011 | By Carol J. Williams, Times Staff Writer
When the weight of strangers' grief overwhelms him, Kenneth Feinberg takes a walk. Sometimes he buys an ice cream and sits on a park bench, letting the sun replenish his depleted well of compassion. Other times, after listening to the pain, anger and recriminations of the bereaved, Feinberg takes refuge in opera — not for its cathartic pathos, but because it's the one place where he can count on falling asleep. A balding, bespectacled lawyer with skin nearly as thick as his Boston accent, Feinberg must daily sort the emotional rubble of disaster.
NATIONAL
June 3, 2013 | By Michael Muskal
The Connecticut attorney general has cleared a path for the distribution of some of the funds donated after the shootings at Sandy Hook Elementary School in Newtown, Conn., that came to symbolize the political battle over increased gun control in the United States. There have been questions about how to distribute approximately $11.4 million that has been raised since Dec. 14, when a lone gunman, Adam Lanza, 20, entered the school and opened fire with an assault rifle, killing 20 children and six adults.
NATIONAL
June 16, 2010 | By Mike Memoli and Peter Nicholas, Washington Tribune Bureau
The Obama administration has reached a preliminary agreement with BP executives that would see the oil company pay $20 billion over several years into an independently controlled escrow account to be established to compensate Gulf of Mexico residents affected by the disastrous oil spill. The agreement was negotiated in a meeting at the White House on Wednesday morning, the first face-to-face gathering between President Obama and senior BP leadership. A White House official said that, under the terms of the deal, the fund would be administered by attorney Kenneth Feinberg, currently serving as the special master for executive pay under the Troubled Asset Relief Program.
NATIONAL
April 19, 2011 | By Richard Fausset, Los Angeles Times
The administrator of BP's $20-billion restitution fund defended his work Monday, noting that he has already approved 300,000 claims for residents and businesses, paying out a total of $3.8 billion and counting. Gulf Coast Claims Facility Administrator Kenneth R. Feinberg has been criticized by coastal residents and public officials for overseeing a process that they say has been at times baffling, unfair and slow to fulfill BP's promise to make things right after the company's massive Gulf of Mexico oil spill.
NATIONAL
June 18, 2010 | By Kathleen Hennessey, Tribune Washington Bureau
Kenneth Feinberg specializes in determining the value of things — the film of a president's assassination, the life of a Sept. 11 victim, the time of a Wall Street executive. His latest assignment — protecting and saving the livelihood of thousands who depend on the oil-stained Gulf of Mexico for survival — may prove to be the most complex. Feinberg was chosen this week to administer a $20-billion fund set up to help the fishermen, shrimpers, shop owners and others whose ability to make a living has been hampered by the spill.
BUSINESS
April 2, 2014 | By Jim Puzzanghera and Jerry Hirsch
For just a few million dollars, General Motors Co. could have replaced a defective ignition switch that ultimately has been linked to 13 deaths and is expected to cost the automaker billions in repairs, fines and litigation. GM need only have spent an additional 90 cents on each switch to handle the problem. But the automaker balked at the expense, according to company documents. That fateful decision came into sharp focus during the second day of hearings on Capitol Hill over the safety scandal.
BUSINESS
October 14, 2009 | Times Wire Reports
The Obama administration's pay czar has asked American International Group to withhold some of the millions in bonuses promised to its employees. Kenneth Feinberg, the special master for executive compensation, "has informally advised AIG not to pay the full $198 million" employees expect to receive, according to a report from the special inspector general overseeing the $700-billion financial bailout. Feinberg is locked in negotiations with the seven companies that received the most expensive taxpayer bailouts.
OPINION
March 14, 2002
I'm outraged by the government giveaway to survivors of the Sept. 11 attacks ("Final Rules on Sept. 11 Fund Give Families More Money," March 8). Kenneth Feinberg, the special master in charge of the Victims' Compensation Fund, says that the payout will "average" $1.85 million per victim. That's at least $5.5 billion. For what? The government didn't kill these people. Will my family get $1.8 million if I get killed on the way to work tomorrow? No! They'll get a few hundred thousand from insurance that I've been paying into for years.
NATIONAL
April 23, 2013 | By Maria L. La Ganga
BOSTON--In the eight days since a pair of explosions tore through the crowd at the storied Boston Marathon, $20 million has been donated to help the wounded and the families of the dead, Mayor Thomas M. Menino announced Tuesday. The biggest donation was $1 million, Menino said, and the smallest came from “young people doing lemonade stands, $5, $10, it runs the gamut.” In all, One Fund Boston has received 50,000 donations from around the world. “I never imagined after this tragedy last Monday the generosity of the folks,” said an emotional Menino.
NATIONAL
April 23, 2013 | By Seema Mehta and Maria L. LaGanga
BOSTON -- As people were allowed to return for the first time to homes and offices near the site of the Boston Marathon bombings, the youngest victim was laid to rest Tuesday. A private funeral Mass was held for 8-year-old Martin Richard, according to his parents. “We laid our son Martin to rest, and he is now at peace,” Denise and Bill Richard said in a statement. “We plan to have a public memorial service in the coming weeks to allow friends and loved ones from our community to join us for a celebration of Martin's life.” The couple thanked the community for support during “the most difficult week of our lives.” The boy was one of three people killed and more than 260 wounded when two bombs exploded near the marathon's finish line April 15. Health officials said 51 people remained hospitalized eight days later.
NATIONAL
April 17, 2013 | By Richard A. Serrano, Ken Dilanian and Joseph Tanfani, Los Angeles Times
BOSTON - Authorities have obtained clear images of the faces of two men with backpacks who they believe were acting suspiciously around the time of the Boston Marathon bombings, a potential breakthrough in the search to find who planted the deadly devices, sources familiar with the investigation said Wednesday. A department store surveillance camera caught an image of at least one of the men leaving a backpack near the finish line, a federal law enforcement official said. Another official briefed on the investigation said the image that shows two men is the first indication that more than one bomber may have been responsible for the attacks that killed three people and injured more than 170 at Monday's race.
NATIONAL
October 15, 2012 | By Jenny Deam
DENVER - Nearly $5 million raised for the victims of the Aurora movie theater massacrewill be distributed next month, with the bulk of it going to families of the 12 who died and to those most gravely wounded, Colorado Gov. John Hickenlooperannounced Monday. The distribution equation was determined by Washington lawyer Kenneth Feinberg, who has overseen the distribution of billions of dollars in other funds, including for victims of the Sept. 11, 2001, terrorist attacks, the 2007 Virginia Tech shooting and the 2010 BP oil spill.
NATIONAL
September 21, 2012 | By Michael Muskal
Kenneth Feinberg, who oversaw victim compensation funds after the Virginia Tech shootings, the BP oil spill in the Gulf of Mexico and to those connected to the terrorist attacks of Sept. 11, 2001, is being asked to become involved in the money collected after a shooting at a movie theater in Aurora, Colo. The shooting prompted more than $5 million in donations. Feinberg, who was hired this week to deal with compensation claims stemming from the Jerry Sandusky child sex-abuse scandal at Penn State, will meet on Friday with Colorado state and charity officials to discuss a role in resolving disputes, it was reported by a variety of media outlets.
NATIONAL
November 30, 2011 | By Carol J. Williams, Times Staff Writer
When the weight of strangers' grief overwhelms him, Kenneth Feinberg takes a walk. Sometimes he buys an ice cream and sits on a park bench, letting the sun replenish his depleted well of compassion. Other times, after listening to the pain, anger and recriminations of the bereaved, Feinberg takes refuge in opera — not for its cathartic pathos, but because it's the one place where he can count on falling asleep. A balding, bespectacled lawyer with skin nearly as thick as his Boston accent, Feinberg must daily sort the emotional rubble of disaster.
BUSINESS
February 10, 2010 | Bloomberg News
American International Group Inc., the insurer criticized by lawmakers for giving bonuses to executives after a U.S. bailout, started an incentive plan that will give the top 10% of employees the largest awards. AIG's plan will rank employees on a scale of 1 to 4 based on performance compared with colleagues, a spokeswoman said. About 10% of the New York- based company's workers will be placed in the top rank, getting the biggest incentive payments, while 70% will fall in the middle tiers, she said.
NATIONAL
April 19, 2011 | By Richard Fausset, Los Angeles Times
The administrator of BP's $20-billion restitution fund defended his work Monday, noting that he has already approved 300,000 claims for residents and businesses, paying out a total of $3.8 billion and counting. Gulf Coast Claims Facility Administrator Kenneth R. Feinberg has been criticized by coastal residents and public officials for overseeing a process that they say has been at times baffling, unfair and slow to fulfill BP's promise to make things right after the company's massive Gulf of Mexico oil spill.
NATIONAL
August 19, 2010 | By Kim Murphy, Los Angeles Times
Wayde Bonvillain, who makes his living selling Louisiana's tender softshell crabs, said Wednesday that his problem is he doesn't know yet how broke he is. How can he know, when crabs make their home thousands of feet down on the ocean floor, and now people are saying there's spilled oil on the bottom of the sea? BP has offered him $143,000 for six years of lost earnings, he told Kenneth R. Feinberg, the mediator who next week will take over from the British oil giant a $20-billion fund for oil spill compensation claims.
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