How much is BP paying Feinberg?

Posted by Marc Hodak on July 29, 2010 under Reporting on pay | Be the First to Comment

Inquisitive minds want to know.

What they really want to know is if this arrangement could lead to a conflict of interest.  “How much” doesn’t answer that, but “How” could.  Is he being paid a flat salary, regardless of how claims are handled?  Is he getting a percentage, like a typical tort lawyer (which he is)?  Is there any reward for limiting the payout in any way (I doubt it, but worth asking).

Feinberg, being the stand-up, politically astute guy he is will reveal all, he says.