Spill Fund Czar’s Big Paycheck

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Kenneth Feinberg, the mediator tapped to head the Gulf Coast Claims Facility, has brought in $3.3 million for his work since taking over leadership of the $20 billion fund BP has set aside to compensate victims of the spill. The figure was reported in BusinessWeek this week. It was released after months of inquiries from the press about how much his firm would be compensated for their work.

I profiled Feinberg in September. At the time, people were raising questions about whether it was a good idea for the fund administrator to be paid by BP. But as Feinberg pointed out, BP was the party at fault and should be obligated to pay for his services. Unlike the previous funds he’s administered pro bono, there was an actual liable party here, he said.

A spokesperson for the Gulf Coast Claims Facility confirmed that the $3.3 million figure, providing a document dated Oct. 8, 2010 stating that BP had agreed to pay $850,000 per month to Feinberg’s law firm, Feinberg Rozen LLP, starting in mid-June 2010. The current contract continues through the end of the year, at which point it will be up for review.

MOTHER JONES NEEDS YOUR HELP

We have about a $170,000 funding gap and less than a week to go in our hugely important First $500,000 fundraising campaign that ends Saturday. We urgently need your help, and a lot of help, so we can pay for the one-of-a-kind journalism you get from us.

Learn more in “Less Dreading, More Doing,” where we lay out this wild moment and how we can keep charging hard for you. And please help if you can: $5, $50, or $500—every gift from every person truly matters right now.

payment methods

MOTHER JONES NEEDS YOUR HELP

We have about a $170,000 funding gap and less than a week to go in our hugely important First $500,000 fundraising campaign that ends Saturday. We urgently need your help, and a lot of help, so we can pay for the one-of-a-kind journalism you get from us.

Learn more in “Less Dreading, More Doing,” where we lay out this wild moment and how we can keep charging hard for you. And please help if you can: $5, $50, or $500—every gift from every person truly matters right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate