Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Thomas J. Perrelli’

AL Gov. Bob Riley to BP: No lawsuit waiver on final oil spill claims

Posted by Warm Southern Breeze on Wednesday, December 15, 2010

Does it come as any surprise that the Multinational Corporation BP has no allegiance or loyalty to anyone or anything save their profit, executive compensation and shareholder payouts?

And yet – as astute observers note – politics makes strange bedfellows. Appointed by President Obama, Administrator Feinberg is being paid by BP in excess of $10 Million annually. But… would Democrats have expected this kind of “favor for the people” from their president?

Pressure on Kenneth Feinberg to disclose BP pay deal
By Moira Herbst
http://in.reuters.com/article/idINIndia-53083520101122
NEW YORK | Tue Nov 23, 2010 2:03am IST
(Reuters Legal) – There has never been anything quite like Kenneth Feinberg’s $20 billion Gulf Coast Claims Facility. Established to compensate victims of the BP Plc(BP.L) oil disaster, it essentially invests one man with full power over how the money is distributed, while he is being paid by the company and unsupervised by any government body.

Gov. Bob Riley: No lawsuit waiver on final oil spill claims

Published: Saturday, December 11, 2010, 5:00 AM
Updated: Saturday, December 11, 2010, 12:06 PM
http://blog.al.com/live/2010/12/gov_bob_riley_no_lawsuit_waive.html
by Dan Murtaugh, Mobile Press-Register

Alabama Gov. Bob Riley has urged BP PLC and President Barack Obama to make sure that Gulf Coast residents don’t have to sign liability waivers to accept claims payments.

Oil spill claims czar Ken Feinberg recently launched the second stage of his claims process, in which he will offer people final settlements or interim quarterly payments.

The final settlements require the claimant to Read the rest of this entry »

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