Prominent alternative dispute mediator and attorney Feinberg has negotiated settlements in some of the most challenging and emotional crises of our times. The American Bar Association called Feinberg ‘the Master of Disasters .” Feinberg was dubbed “The Pay Czar” for his hands-on administrative work in the federal bailout assistance program called TARP and has taken on similar tasks for the September 11th Compensation Fund and the BP Deepwater Horizon Disaster Victim Compensation Fund. He is currently working out settlements in Aurora, Colorado, for the victims of the mass shooting there. Penn State has hired him to help create a victim fund in the aftermath of the Jerry Sandusky case. He does many pro-bono projects including, after the Virginia Tech shootings, setting up a Hokie Spirit Memorial Fund.
Kenneth R. Feinberg is the former Administrator of the Gulf Coast Claims Facility, established by the Obama Administration to process claims for compensation arising out of the Gulf of Mexico oil spill in 2010. He also served as Special Master of the Federal September 11th Victim Compensation Fund of 2001, and was Administrator of the Hokey Spirit Memorial Fund following the killings of 32 students and faculty on the Virginia Tech Campus in 2007. Mr. Feinberg was appointed Special Master of TARP Executive Compensation by the Secretary of the Treasury in 2010, and previously served as Special Master in the Federal Agent Orange Product Liability litigation. A graduate of the University of Massachusetts in Amherst, Mr. Feinberg received his J.D. degree cum laude from New York University School of Law, where he was articles editor of the Law Review. Upon graduation, he served as a law clerk to Chief Judge Stanley H. Fuld of the New York State Court of Appeals. He is a former Assistant United States Attorney in the Southern District of New York and served as Chief of Staff to Sen. Edward M. Kennedy. He is an Adjunct Professor of Law, teaching Mass Torts, Evidence, and Criminal Law, at Columbia University Law School, New York University School of Law, University of Pennsylvania Law School, Georgetown University Law Center and the University of Virginia Law School.
Attorney Kenneth Feinberg, the exec compensation 'pay czar' for the White House, explains what it was like setting the salaries for the top executives from AIG, Citigroup, and Bank of America, companies that received a government bailout.