Topic: Kenneth Feinberg

Send mediators to Washington

There is a way to resolve political impasses like the one that nearly caused a default on US debt. Every day, mediators settle business, divorce, and employment disputes. A George Mitchell or Kenneth Feinberg could do the same for Washington.

Gulf oil spill commission report: Good news for BP?

The president's commission on the Gulf oil spill has roundly criticized BP's role in the disaster. But it's appearing less likely that the British oil giant will be charged with gross negligence.

The BP well is dead. Long live lessons from the Gulf oil spill.

The BP oil well has been officially pronounced dead. But this is by no means the end -- either of this case or of the work needed to prepare for any future spill.

BP claims czar considers making key concession

BP claims czar Kenneth Feinberg said he might waive the current requirement that wages earned from helping out in the cleanup be subtracted from people's spill claims.

If BP qualifies for $10 billion cleanup tax break, should it get one?

BP says it will seek a $9.9 billion tax write-off based on the $32 billion it expects to spend on Gulf oil spill cleanup and recovery. One US senator is already calling for hearings to prevent it.

New BP delay a warning: Don't write obituary on Gulf oil spill yet

The Gulf oil spill drama is about to reach its climax: the killing of the Macondo well. But a setback Friday will delay the start of the operation until Tuesday – and shows that uncertainties still loom.

How fast will the Gulf bounce back from the BP oil spill?

Like a giant industrial strength washing machine, the Gulf of Mexico will clean up most of the BP oil spill by itself, as it has other big spills. But environmental resilience has its limits.

BP oil spill: Claims can't make up losses for many Gulf residents

The BP oil spill has cost the company almost $150 million and counting in compensation for damages to Gulf Coast workers and businesses. But replacing millions in undocumented income from the tourist-driven Gulf economy may prove impossible.

Gulf oil spill: The story so far

The effort to contain the Gulf oil spill has had more twists and turns than a mystery novel. This rundown of events so far also shows what is ahead in the struggle to clean up the Gulf of Mexico.

Oil drilling ban has Transocean boss Steven Newman criticizing Obama

Oil drilling ban in the Gulf of Mexico has Transocean president Steven Newman upset with the Obama administration.

Offshore oil drilling protest: Companies tell judge 'no more'

Offshore oil drilling moratorium could cost Louisiana thousands of jobs and millions of dollars in lost wages, according to one company.

BP oil spill has cost company $2 billion so far

BP oil spill has reached the $2 billion mark in claims paid out and the containment and cleanup effort in the Gulf of Mexico, so far.

In Waxman, BP execs face a master interrogator at Gulf oil spill hearing

Rep. Henry Waxman is a rare breed in Congress: an impeccable interrogator. He will be eager to question BP chief executive officer Tony Hayward about the Gulf oil spill Thursday.

Kenneth Feinberg: Will he be fairer and faster than BP?

Kenneth Feinberg is President Obama's choice to run the $20 billion escrow fund for claims against BP in the Gulf oil spill disaster. Mr. Feinberg also ran the 9/11 victim compensation fund.

Gulf oil spill: why the US wants a healthy BP

Virtually everyone agrees that BP should pay the costs of the Gulf oil spill – rather than US taxpayers.

BP oil spill: After meeting Obama, BP agrees to $20 billion fund for spill victims

BP oil spill: BP will set aside $20 billion to pay the victims of the massive oil spill in the Gulf.

GM vows to repay $6.7 billion in bailout money by June

GM said Monday that interim CEO Ed Whitacre will stay on permanently, and Whitacre laid out a plan to pay back federal bailout money. Both announcements were viewed as positive signs.

Goldman Sachs bonuses: more than just bad PR

Billions in Goldman bonuses could generate the kind of public outrage that can rewrite the very terms of free enterprise.

UK bonus tax proposal: Three reasons it won't happen in US

Executive pay: How much say should Obama 'czar' have?

High executive pay and bonuses are unseemly after taxpayer bailouts, many Democrats charge. But GOP lawmakers worry about federal 'pay czar' meddling in the workings of capitalism.

Wall Street pay cuts ordered by Treasury

The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.

Pay cuts at bailout companies: a real-life test case

The move makes for good politics, but is it good business?

Bank of America's Ken Lewis takes pay cut, but no one follows

Although CEO Ken Lewis agrees to a $0 pay package, don't expect a wholesale revolution in executive compensation on Wall Street.

Obama 'pay czar' lacks clout to stop $198 million in AIG bonuses

The special inspector general for the government’s financial rescue program told Congress Wednesday that the ongoing bonus quandary was 'a mess.'