Friday, December 31, 2010

Nice work if you can get it!

This story from the Associated Press:

NEW ORLEANS – BP money is being used to pay $950 an hour to a law professor who has declared the administrator of the $20 billion claims fund for Gulf oil spill victims independent of the oil giant.
Fund czar Ken Feinberg said Thursday he has agreed to pay New York University professor Stephen Gillers for his advice. Since being hired, Gillers has written a letter stating that Feinberg is neutral and not subject to BP's direction or control.
Feinberg said the Gulf Coast Claims Facility, created to administer payments from the fund to people and businesses, is billing BP for Gillers' services.





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