The Pay Czar's Pay

http://www.futureofcapitalism.com/2010/10/the-pay-czar-pay

BP is paying Kenneth Feinberg's law firm $850,000 a month to administer a claims fund for the Gulf of Mexico spill. This is the same Mr. Feinberg, recall, who was in charge of deciding which Wall Street bankers were overpaid. Bloomberg News has the details, including that the Feinberg firm hired the former attorney general, Michael Mukasey, and his firm, Debevoise & Plimpton, to evaluate whether the compensation was reasonable. Mr. Mukasey says it was; the Bloomberg article doesn't say how much he was paid for his opinion. Nice work if you can get it.

Thanks to reader-participant-community member-watchdog-content co-creator B. for sending the tip.

by Editor  |  Oct 9, 2010 at 12:16 pm Related Topics:  Capital Markets Regulation, Compensation, Energy receive the latest by email: subscribe to the free futureofcapitalism.com mailing list