Kenneth Feinberg - Oil spill fund administrator gets a raise--$1,250,000 per month

[spanone]

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#

[aquart]

1. No. If he's not up to the job, STEP DOWN.

[rfranklin]

2. I can give away money for $1 million a month...

this is a ridiculous waste of money.