Report: BP Pays Feinberg and Firm $850,000 a Month
BP is paying Kenneth Feinberg and his law firm, Feinberg Rozen, $850,000 a month to administer the company’s $20 billion oil spill compensation fund, Bloomberg
Jul 31, 202045.7K Shares1.3M Views
BP is paying Kenneth Feinberg and his law firm, Feinberg Rozen, $850,000 a month to administer the company’s $20 billion oil spill compensation fund, Bloomberg reports today.
Thus far, BP has paid out more than $2.5 million for the firm’s work. It will continue to pay the same monthly rate until the end of the year, when it will review the contract. The money does not come out of BP’s oil spill compensation fund, Bloomberg says.
The revelation, which came in a report by former U.S. Attorney General Michael Mukasey, isn’t likely to put to rest questions about Feinberg’s independence as well as the transparency of the claims process.
For more on Feinberg, read my interview with him.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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