BP hikes claims czar's monthly fee to $1.25M (Monthly)

[The Straight Story]

BP hikes claims czar's monthly fee to $1.25M

PASCAGOULA, Miss. — Documents provided by the administrator of BP's claims fund for Gulf oil spill victims show the oil giant agreed to increase his law firm's monthly compensation from $850,000 to $1.25 million.

The documents furnished Friday to The Associated Press include a letter from former U.S. Attorney General Michael Mukasey to claims czar Kenneth Feinberg. Mukasey stated his belief that the extra money was warranted because Feinberg's duties had grown. Mukasey was asked by Feinberg to weigh in on how reasonable his compensation was.

The pay hike, detailed in a Tuesday letter from Mukasey to Feinberg, is retroactive to Jan. 15 and runs through the end of 2011.

Feinberg has been criticized for the pace of processing the roughly 500,000 claims that have been filed since he took over handling claims for individuals and businesses from the $20 billion fund in August. Fishermen and others have complained that the money they have received is inadequate, and that in many cases their claims have been denied with little explanation.

http://www.msnbc.msn.com/id/42275072

[xchrom]

1. Who says environmental holocausts aren't profitable? Nt

[Angry Dragon]

2. feinberg should have to swim in the Gulf every day

until ALL the people in the Gulf are made whole again
I bet that would speed him up