"Administering Fund, a Master Mediator"

"Kenneth R. Feinberg bristled when reporters dubbed him the compensation czar for his Treasury Department job monitoring executive pay at companies that received government bailouts. The term, he lamented to ABC News last year, 'makes it sound like I’m going to issue some imperial decree.'

Mr. Feinberg, named Wednesday by President Obama as the independent administrator of a $20 billion fund set up by BP to compensate victims of the oil spill in the Gulf of Mexico, may not have the powers of a king. But he does seem to specialize in Solomon-like decisions.

Over the course of his long career as a mediator, he has helped settle a variety of thorny disputes, including a class-action suit by Vietnam veterans protesting the use of the chemical defoliant Agent Orange, and a determination of the fair market value of the Zapruder film of the assassination of President John F. Kennedy."

Sheryl Gay Stolberg reports for the New York Times June 16, 2010.

Thursday, June 17, 2010