40
40
Jun 3, 2015
06/15
by
CSPAN
tv
eye 40
favorite 0
quote 0
feinberg. billions of dollars in the cost. ms. feinberg: i would differ to amtrak and the actual cost. they have predicted it. how far they have to go to complete it. >> i am sorry, i did not hear the base question. >> you said that ptc is not implemented in all of the points? mr. boardman: it is installed but it is not activated. $100 million is where it is at the moment. >> thank you, my time has expired. >> thank you mr. chairman and thank you to the witnesses today. i know there are still a lot of facts and many more questions we have to examine you for we get some real answers. there are some things i want to follow up on. on may 12, my understanding mr. peters, is the engineer who was operating was doing so under a new controversial work schedule that began on march 23 of 2015. that included shorter turnaround times on most runs that happened before march 23. i guess i am just curious as to whether the union or the workers had been consulted prior to the implementation of this new work sc
feinberg. billions of dollars in the cost. ms. feinberg: i would differ to amtrak and the actual cost. they have predicted it. how far they have to go to complete it. >> i am sorry, i did not hear the base question. >> you said that ptc is not implemented in all of the points? mr. boardman: it is installed but it is not activated. $100 million is where it is at the moment. >> thank you, my time has expired. >> thank you mr. chairman and thank you to the witnesses today....
182
182
Oct 4, 2010
10/10
by
KPIX
tv
eye 182
favorite 0
quote 0
feinberg looks and listens.sly moving target, he takes hits at meeting after meeting, makes his pitch and moves on... if it's tuesday, it must be wherever. >> feinberg: where did i start yesterday? from new orleans, right? up to alabama, yeah. >> safer: we joined him at the crack of dawn, where he was calmly preparing for another day of personal abuse. >> feinberg: with all due respect, 5,000 people have got checks. that's not enough... >> 5,000 out of 20,000 claims sucks. that's not very good. >> it's been ten days now. can we take whoever programmed this, take him down in the swamp, drop him off for ten days, and let them wait on us to go pick them up to see how it feels to keep waiting? >> feinberg: i don't think you should keep waiting. i told you you wouldn't have to keep waiting. i can't speak... >> it's a contradiction of your words, sir. >> feinberg: i know. there... there may be. it won't be the first time. i'm trying. >> safer: feinberg acknowledges he is dealing with a weary and frustrated population
feinberg looks and listens.sly moving target, he takes hits at meeting after meeting, makes his pitch and moves on... if it's tuesday, it must be wherever. >> feinberg: where did i start yesterday? from new orleans, right? up to alabama, yeah. >> safer: we joined him at the crack of dawn, where he was calmly preparing for another day of personal abuse. >> feinberg: with all due respect, 5,000 people have got checks. that's not enough... >> 5,000 out of 20,000 claims...
103
103
Apr 20, 2011
04/11
by
CNN
tv
eye 103
favorite 0
quote 0
feinberg has come to st. bernard twice.hird visit that he said he'd come down and actually meet with the fishermen again to talk about what the problems are. you know, we hear statistics such as 65% of the claims being paid, but when we break that down into st. bernard numbers, only 14% of our claimants have been paid. we're talking about just in the interim payment process, we have over 1,200 people waiting to receive an interim payment. and those who have been paid, about 66 or so, are only paid on an average of about 7,000 to $7,600. on the final review, we still have nearly 1,000 people waiting for a final review, and basically, to close their claim. and even the ones that almost 100 of those that have been paid, are only paid at $11,000. you know, i hear mr. feinberg talk about he wants some suggestions. we know exactly what to help him with if he would allow us to do that. we've been through a disaster. we've been through disaster response. we've been through disaster management. if he would let us partner, we could h
feinberg has come to st. bernard twice.hird visit that he said he'd come down and actually meet with the fishermen again to talk about what the problems are. you know, we hear statistics such as 65% of the claims being paid, but when we break that down into st. bernard numbers, only 14% of our claimants have been paid. we're talking about just in the interim payment process, we have over 1,200 people waiting to receive an interim payment. and those who have been paid, about 66 or so, are only...
192
192
Jun 22, 2010
06/10
by
CNN
tv
eye 192
favorite 0
quote 0
ken feinberg, good luck. have an enormous challenge ahead of you, and we wish you only, only success. >> thanks, wolf. thanks very, very much. >>> summoned by the commander in chief, general stanley mcchrystal is called home to explain some stunning remarks in a magazine interview. will he resign? stay with us here in "the situation room." ♪ ♪ ♪ ay, yay, yay, yay ♪ ay, yay, yay, yay ♪ ♪ ♪ baby, baby, baby, baby... uh-oh ♪ ♪ >>> our top story. the u.s. commander in afghanistan general stanley mcchrystal is called back to washington after he and some staff made remarks in a "rolling stone" article that mocked top officials. he has apologized but president obama is said to be angry and all options are on the table regarding the general's fate. the president wants to meet with him tomorrow before deciding what to do. let's talk with in fran townsend, and gloria borger, and the host of ""john king usa"" that comes up at the top of the hour, john king. what are you hearing from your sources about general mcchrystal
ken feinberg, good luck. have an enormous challenge ahead of you, and we wish you only, only success. >> thanks, wolf. thanks very, very much. >>> summoned by the commander in chief, general stanley mcchrystal is called home to explain some stunning remarks in a magazine interview. will he resign? stay with us here in "the situation room." ♪ ♪ ♪ ay, yay, yay, yay ♪ ay, yay, yay, yay ♪ ♪ ♪ baby, baby, baby, baby... uh-oh ♪ ♪ >>> our top story....
58
58
Apr 3, 2014
04/14
by
KQED
tv
eye 58
favorite 0
quote 0
it's not an unfamiliar role for feinberg. he made a name for himself 30 years ago, quickly settling a long-running dispute between makers of the defolian agent orange and a quarter of a million vietnam veterans. he's served as the government's pay czar determining compensation paid out to companies. and victims of the aurora, colorado and virginia tech shooters, boston marathon bombings and families of 9/11. during his three years in this role, feinberg's empathetic and practical approach to a seemingly unsolved problem brought him praise. >> he'll have meetings, try to reach out. he does it in a way that's fundamentally therapeutic. he's not someone who uses a mathematical formula. he doesn't attempt complete decision >> reporter: he isn't above reproach as overseer for victims fund for b.p.'s deep water horizon oil spill, the critics krit said he held his company's interests above theirs in a statement feinberg said he'd draw on past experience. experience that's focused on answering the thorny question of what a life is wo
it's not an unfamiliar role for feinberg. he made a name for himself 30 years ago, quickly settling a long-running dispute between makers of the defolian agent orange and a quarter of a million vietnam veterans. he's served as the government's pay czar determining compensation paid out to companies. and victims of the aurora, colorado and virginia tech shooters, boston marathon bombings and families of 9/11. during his three years in this role, feinberg's empathetic and practical approach to a...
0
0.0
Feb 28, 2025
02/25
by
MSNBCW
tv
eye 0
favorite 0
quote 0
and andrew feinberg got it right today, as he has in the past, which is why andrew feinberg will be joining us on this program tonight. when donald trump made the mistake of calling on andrew feinberg for the first question of the press conference, he heard the best questions asked by a white house reporter this year. thank you, mr. president. >> earlier today, you told me that you believe that. foreign countries. pay tariffs, but. americans who are concerned about higher prices believe, as most people do, that they're paid by consumers and importers when they import things into this country. can you explain how you came to this belief that foreign governments are paying tariffs? and for the prime minister, did you discuss with president trump his repeated statements of desire to annex canada? and has the king expressed any concern over the president's apparent desire to remove one of his realms from his control? >> wow, it doesn't get better than that. both of those questions were perfect. and yes, sadly, canada is part of the realm of the king of england, who unfortunately still appears o
and andrew feinberg got it right today, as he has in the past, which is why andrew feinberg will be joining us on this program tonight. when donald trump made the mistake of calling on andrew feinberg for the first question of the press conference, he heard the best questions asked by a white house reporter this year. thank you, mr. president. >> earlier today, you told me that you believe that. foreign countries. pay tariffs, but. americans who are concerned about higher prices believe,...
142
142
Jun 25, 2010
06/10
by
MSNBC
tv
eye 142
favorite 0
quote 0
feinberg is being very trans parent.you take care of the people who can't pay for the bills right now. he understands that lawyers should not be involved in this, that lawyers don't need to be involved if the fund runs correctly. a fisherman should be able to go there without a lawyer and make a claim without a lawyer. now, the obanly time that will change is in the lawyers in the judicial process finds that that doesn't work. feinberg has a good history. that's the good news. on 9/11 he got a slow start, claims were a little cold. by the time it was over, he came away being well respected and having done a good job. but i have to tell you this, this point that you raise about something -- the glitch, the biggest glitch is that bp should have no involvement in this fund. >> i want to ask you about that. that's what i want to know. who actually is controlling the fund and does bp have any call on where the money goes at all? >> we were assured yesterday, and i'm convinced that they do -- that rosen and feinberg have contr
feinberg is being very trans parent.you take care of the people who can't pay for the bills right now. he understands that lawyers should not be involved in this, that lawyers don't need to be involved if the fund runs correctly. a fisherman should be able to go there without a lawyer and make a claim without a lawyer. now, the obanly time that will change is in the lawyers in the judicial process finds that that doesn't work. feinberg has a good history. that's the good news. on 9/11 he got a...
43
43
Feb 22, 2015
02/15
by
ALJAZAM
tv
eye 43
favorite 0
quote 0
there's no one more qualified to explain how it done than ken feinberg. the master of the 9/11 compensation fund, served as the claims for b.p. oil spill in the gulf of mexico and ran a fund for victims and the demror of the general motors fund paying victims killed or injured. that's a partial list of the accomplishments. ken wrote the book on the subject. it's about his experiences with inch. i spoke to him recently and asked how does he figure out compensation for wrongful deaths. >> first of all, how much money do you have to distribute. oh that. if you don't have a pod of money available to compensate innocent victims, you will not get far. in 9/11, congress provided by law an unlimited amount. whatever it takes, whatever is fair and reasonable and just. b.p. unlimited. they said $20 billion - more than enough. g.m., whatever it will take to make those eligible whole. you start with knowing the amount of money available for distribution. >> let's talk about the basic principle here in the united states with most of the cases dealt with and in most of
there's no one more qualified to explain how it done than ken feinberg. the master of the 9/11 compensation fund, served as the claims for b.p. oil spill in the gulf of mexico and ran a fund for victims and the demror of the general motors fund paying victims killed or injured. that's a partial list of the accomplishments. ken wrote the book on the subject. it's about his experiences with inch. i spoke to him recently and asked how does he figure out compensation for wrongful deaths. >>...
156
156
Apr 20, 2011
04/11
by
CNN
tv
eye 156
favorite 0
quote 0
a year later, there's lots of criticism of kenneth feinberg. tracking the cash and the outrage, too. >>> also tonight, a plane carrying the first lady, michelle obama, aborts landing after a close call. is this another snafu linked to the faa? we've got some answers ahead. there are a lot of questions out there about retirement. let fidelity help you find the answers. our investment professionals work with you to help you make the most of your retirement and enjoy the life you've saved for. fidelity investments. where leading companies and millions of people go to get the real answers they need. call today. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. want a four-star hotel at a two-star price? go to hotwire.com. when four-star hotels ha
a year later, there's lots of criticism of kenneth feinberg. tracking the cash and the outrage, too. >>> also tonight, a plane carrying the first lady, michelle obama, aborts landing after a close call. is this another snafu linked to the faa? we've got some answers ahead. there are a lot of questions out there about retirement. let fidelity help you find the answers. our investment professionals work with you to help you make the most of your retirement and enjoy the life you've saved...
WHUT (Howard University Television)
95
95
Mar 19, 2010
03/10
by
WHUT
tv
eye 95
favorite 0
quote 0
feinberg, myñr husband was a fireman.ade center who worked foreign ron. i don't get it. what do you have against my husband. and you have to explain how the law works. and how economic loss is açó factor. but it is very, veryt& >> rose: now has all that been settled? >> yes. thereÑi are about i think maybe one or two death cases from people who didn't want to go into my program, into the fund and wanted to litigate against the airlines, et cetera. there are some physical injury cases, many, many physical injury cases, thousands pending before judge hellerstein in federal court in manhattan. but i'm hopeful they will settle as well. >> rose: what other arbitration kinds of things have you done. >> agent orange, that was the first one that i did in in which one of the nation's most distinguished federal judges jack weinstein, brookline, asked me to try and mediate a resolution of that case involving vietnam veterans who claim that they had been injured by exposure to the defoliant argument orange in vietnam. that case had b
feinberg, myñr husband was a fireman.ade center who worked foreign ron. i don't get it. what do you have against my husband. and you have to explain how the law works. and how economic loss is açó factor. but it is very, veryt& >> rose: now has all that been settled? >> yes. thereÑi are about i think maybe one or two death cases from people who didn't want to go into my program, into the fund and wanted to litigate against the airlines, et cetera. there are some physical...
189
189
Sep 12, 2012
09/12
by
CURRENT
tv
eye 189
favorite 0
quote 0
ken feinberg, you have done it. i think it is putting on -- my role both as a tv host and someone who was involved in this done masterful work in bringing justice to families at a moment of grief where they needed both the funds and closure because having these litigations continue forever would have been damaging emotionally as well as financially to them. >> to hear that from somebody like spitzer means a great deal. >> eliot: ken feinberg, author of who gets what, thank you for coming in. more "viewpoint" coming up. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> eliot: as we mark the 11th anniversary of 9-11, a vast array of emotions are evoked from anger an
ken feinberg, you have done it. i think it is putting on -- my role both as a tv host and someone who was involved in this done masterful work in bringing justice to families at a moment of grief where they needed both the funds and closure because having these litigations continue forever would have been damaging emotionally as well as financially to them. >> to hear that from somebody like spitzer means a great deal. >> eliot: ken feinberg, author of who gets what, thank you for...
126
126
Apr 20, 2011
04/11
by
CNN
tv
eye 126
favorite 0
quote 0
a year later, there's lots of criticism of kenneth feinberg.ing the cash and the outrage, too. >>> also tonight, a plane carrying the first lady, michelle obama, aborts landing after a close call. is this another snafu linked to the faa? we've got some answers ahead. [ thunder rumbles ] [ male announcer ] the motorola xoom. designed to access anything and everything on the internet with adobe flash. upgradable to 4g lte for blazing-fast web surfing. and access to the fast growing, endlessly exciting apps in android market. it's everything the tablet should be. starting at $599. it's everything the tablet should be. [ indistinct conversations ] [ hissing ] agents, what did we learn here today? that lint balls are extremely flammable! well, yeah. and that 15,000 dryer fires happen every year! that's why it's important to regularly clean and inspect your vents! correct. where did you get that?! i built it. [ male announcer ] we are insurance. ♪ we are farmers ♪ bum, ba-da-bum, bum, bum, bum ♪ >>> you wonder how a guy my age at 260 pounds can be em
a year later, there's lots of criticism of kenneth feinberg.ing the cash and the outrage, too. >>> also tonight, a plane carrying the first lady, michelle obama, aborts landing after a close call. is this another snafu linked to the faa? we've got some answers ahead. [ thunder rumbles ] [ male announcer ] the motorola xoom. designed to access anything and everything on the internet with adobe flash. upgradable to 4g lte for blazing-fast web surfing. and access to the fast growing,...
157
157
Jul 11, 2010
07/10
by
CNN
tv
eye 157
favorite 0
quote 0
turn here. ♪ >>> joining me now is ken feinberg.your job because you've been watching. i talked to a number of correspondents this week about what sort of stories they're hearing and the people that you might be dealing with so there's the real estate agent who had six deals go belly up on him. there's the fishermen who just bought a boat. there are people whose homes have lost value. not even anywhere near oil. how many of those people can you please? >> well, you hope that you can please everybody in one sense, that the program is fair, it's quick, it's consistent. you know, the claims are as diverse as human nature. i'll have to look at each claim, can't prejudge anything, see the facts, observe the facts. governor riley in alabama, i met with him about a week ago. he looked at me and said look me in the eye, ken, and tell me are you going to do right by the people of alabama and i told him absolutely, and i intend to. >> so when you are looking at all -- i know this is sort of a basic question. do you have a staff? are you super
turn here. ♪ >>> joining me now is ken feinberg.your job because you've been watching. i talked to a number of correspondents this week about what sort of stories they're hearing and the people that you might be dealing with so there's the real estate agent who had six deals go belly up on him. there's the fishermen who just bought a boat. there are people whose homes have lost value. not even anywhere near oil. how many of those people can you please? >> well, you hope that...
222
222
Jul 11, 2010
07/10
by
CNN
tv
eye 222
favorite 0
quote 0
feinberg, i only get paid in cash. i am afraid to file a claim.ing all of my information that i provide you to the irs? i am not sure about what your intentions. no, no, no. this is not easy to convince people that some new program will help them. it takes some work. >> at the same time, this is a lot different from the other things -- the virginia tech victims, 9/11, because there were a controlled group of people. this is massive and it's an on going disaster. i wonder if the worry about fraud is a lot higher in this case? >> well, we only had out of 7300 applications on 9/11, we only had 35 examples of fraud. we have got to create as part of the program that i am establishing, an anti-fraud provision or protection. we are getting tremendous cooperation from the department of justice, which it will help us. we'll make sure nothing can undercut the credibility of this program more than fraud, and we'll take every step we can to minimize the likelihood of fraudulent applications and payments. >> in our final minutes, tell me how you found people d
feinberg, i only get paid in cash. i am afraid to file a claim.ing all of my information that i provide you to the irs? i am not sure about what your intentions. no, no, no. this is not easy to convince people that some new program will help them. it takes some work. >> at the same time, this is a lot different from the other things -- the virginia tech victims, 9/11, because there were a controlled group of people. this is massive and it's an on going disaster. i wonder if the worry...
222
222
Sep 8, 2014
09/14
by
KPIX
tv
eye 222
favorite 0
quote 0
feinberg, we do things with a handshake down here."d, "that's fine, but a handshake won't get you compensation." >> pelley: why is it so important to hold everyone to that standard of proof? >> feinberg: because there'll be another catastrophe, and a catastrophe after that. what happens the next time, in terms of a company's willingness to do something similar? >> pelley: feinberg has long experience. he ran the compensation program for victims of 9/11. in the bp disaster, he told us there were often two kinds of applicants, the deserving and the devious. what was the most outrageous claim you got? >> feinberg: i think there was a fellow in oslo, norway, if i remember correctly, who slipped on the ice while he was filing a claim and sought damages for a broken leg. >> pelley: people saw money and they tried to get it. >> feinberg: human nature-- goes with the territory. i think that if you had any type of compensation program anywhere, you get a fair number of people who try and game the system to try and recover compensation. >> pelle
feinberg, we do things with a handshake down here."d, "that's fine, but a handshake won't get you compensation." >> pelley: why is it so important to hold everyone to that standard of proof? >> feinberg: because there'll be another catastrophe, and a catastrophe after that. what happens the next time, in terms of a company's willingness to do something similar? >> pelley: feinberg has long experience. he ran the compensation program for victims of 9/11. in the...
120
120
Jul 27, 2010
07/10
by
CNN
tv
eye 120
favorite 0
quote 0
feinberg has to keep an iron boot heel on bp now, this week they have to pay these claimants. if not, i agree with congressman markey, the justice department has to really go after bp. we have to charge this company with criminal negligence, whether you look at texas city or the alaska tundra spill or what happened in the gulf. this is a company that's been running roughshod in america over our justice department, over the people of louisiana, there's a continual arrogance of the company. you saw it with tony hayward when he went on his yacht, with all the comments he's made. now taking blood money of this magnitude as a punchout snubbing his nose while they're not even paying people in the gulf, heyward is known as toxic tony around the gulf south, and people are not filling up with bp, they're selling their stock and there's an anger rising in the gulf. ken feinberg recognizes it, he's trying to put the pressure on bp to move and pay people. >> hold on, we have to take a quick break, i want to talk to all of you and particularly billy about what's happening out there in the
feinberg has to keep an iron boot heel on bp now, this week they have to pay these claimants. if not, i agree with congressman markey, the justice department has to really go after bp. we have to charge this company with criminal negligence, whether you look at texas city or the alaska tundra spill or what happened in the gulf. this is a company that's been running roughshod in america over our justice department, over the people of louisiana, there's a continual arrogance of the company. you...
WHUT (Howard University Television)
96
96
Jun 28, 2012
06/12
by
WHUT
tv
eye 96
favorite 0
quote 0
stay with us. >> rose: ken feinberg is here.s been at the center of some of the most complex legal fights of our time. his specialty is unique. for 28 years he's been called upon to dispense justice by compensating victims of nationally recognized tragedies. he became known for his role as special master of the 9/11 victim compensation fund. six years later he's money to those affected by the virginia tech massacre. in the aftermath of the financial crisis the obama administration appointed him to set limits on pay of the companies that receive the most bailout funds. he oversaw payouts to the victims of the oil spill in the gulf of mexico. he "chronicle"s these cases in a new book called qhot gets what: fair company compensation after tragedy and financial upheaval." i'm pleased to have ken feinberg back at this table. welcome. >> thank you. >> rose: does anybody on the planet... you know where i'm going, do what you do? are you it? >> no, i don't think i'm it. i'm probably it when it comes to very public nationally recognized
stay with us. >> rose: ken feinberg is here.s been at the center of some of the most complex legal fights of our time. his specialty is unique. for 28 years he's been called upon to dispense justice by compensating victims of nationally recognized tragedies. he became known for his role as special master of the 9/11 victim compensation fund. six years later he's money to those affected by the virginia tech massacre. in the aftermath of the financial crisis the obama administration...
31
31
Jul 18, 2014
07/14
by
CSPAN
tv
eye 31
favorite 0
quote 0
feinberg. senator miscast kill of missouri chairs the hearing. ght. this hearing will come to order. we revisit today the tragic management failures at gm that killed people. first, i want to acknowledge in my opening remarks then from my viewpoint the ceo of general motors, mary barra, has stepped up and con fronted head-on the problem and corporate culture that caused it. some see the record-number of recalls at general motors as a problem, i see it as a good sign. second, i want to briefly say that i think i speak on behalf of all members of congress who have asked very difficult questions surrounding these tragic events that while we are asking tough questions, we have great respect for the workers of general motors. i would like to take this moment to thank the workers at general motors. you are terrific. you build good cars. and you also were the victims of outrageously incompetent management. management was the problem here not the workers. the report i spent time with i find it thorough
feinberg. senator miscast kill of missouri chairs the hearing. ght. this hearing will come to order. we revisit today the tragic management failures at gm that killed people. first, i want to acknowledge in my opening remarks then from my viewpoint the ceo of general motors, mary barra, has stepped up and con fronted head-on the problem and corporate culture that caused it. some see the record-number of recalls at general motors as a problem, i see it as a good sign. second, i want to briefly...
93
93
Apr 22, 2020
04/20
by
MSNBCW
tv
eye 93
favorite 0
quote 0
feinberg was talking about, all varieties of tests. we have to know that these tests not only work, but it's a meaningful result. and then finally, we have to have the health care system in these places strong. the nurse on long island who you talked to, we have to know that hospitals can deal with cases when they come. >> dr. feinberg, before we go, let me put this in personal terms to you. if you were a parent of a student who is considering going back to college, going back to the college dorm in august, or going back to high school in august, what would you need to know about what that student would be facing at that school? >> i would want to know that the school my child or grand child was going to had taken all the steps that they could to protect the health of that child. it means keeping physical distance where you can. it means using masks. it may mean testing temperatures, it may mean screening on regular intervals to make sure students are coming down with illness are able to be isolated and separated from others. basically
feinberg was talking about, all varieties of tests. we have to know that these tests not only work, but it's a meaningful result. and then finally, we have to have the health care system in these places strong. the nurse on long island who you talked to, we have to know that hospitals can deal with cases when they come. >> dr. feinberg, before we go, let me put this in personal terms to you. if you were a parent of a student who is considering going back to college, going back to the...
140
140
Jun 17, 2010
06/10
by
MSNBC
tv
eye 140
favorite 0
quote 0
can it mean faster payment under feinberg, under ken feinberg or look like it's going to be faster?i think two things. i think bp has zero bargaining leverage on any issue relating to the clean-up for the liabilities. they really don't have much choice. i think the fact that it is paid out over four years is good from an investor standpoint so people don't completely give up on bp. where would they be if they went belly up? all those people that need payments wouldn't get any if they were in bankruptcy court. setting it up with ken feinberg ity is a good move if they have a panel that can move rapidly. the way understand it, bp will pass on it first, if they agree to pay, they pay. if they don't it, goes to the panel for review. that stounds like a fairway of a check and balance system to see can the right thing be done and can it be done quickly. >> strategic retreat. in military terms it means you go back to higher ground. if you know you're losing you go back and fight another day. is that what tony hayward and his people decided to do before they went to the white house to agree
can it mean faster payment under feinberg, under ken feinberg or look like it's going to be faster?i think two things. i think bp has zero bargaining leverage on any issue relating to the clean-up for the liabilities. they really don't have much choice. i think the fact that it is paid out over four years is good from an investor standpoint so people don't completely give up on bp. where would they be if they went belly up? all those people that need payments wouldn't get any if they were in...
191
191
Jun 16, 2010
06/10
by
MSNBC
tv
eye 191
favorite 0
quote 0
on ken feinberg, this was floating out there for a little bit. chuck and i were working on tips about this and i do get the feeling that this is something that came together more or less at the last minute. as of last weekend or so, it wasn't clear that feinberg would be the guy or was going to be able to do this. i think that did come together last minute. on the energy piece of it, yes, he'll have a meeting with congressional leaders and talk about the way forward. a lot of climate activists, those folks are a little disappointed. i mean on the one hand, he spoke about energy reform and comprehensive energy reform longer than on any other topic. a month ago nobody thought energy was going to be done in any way, shape or form this year. so there's progress from their perspective. on the other hand, they didn't hear those magic words and they didn't hear a full-throated call for the pricing of pollution, pricing of carbon which a lot of climate activists will say is the real issue, the real way to get reform and change in this country. >> exactly
on ken feinberg, this was floating out there for a little bit. chuck and i were working on tips about this and i do get the feeling that this is something that came together more or less at the last minute. as of last weekend or so, it wasn't clear that feinberg would be the guy or was going to be able to do this. i think that did come together last minute. on the energy piece of it, yes, he'll have a meeting with congressional leaders and talk about the way forward. a lot of climate activists,...
194
194
Oct 23, 2009
10/09
by
MSNBC
tv
eye 194
favorite 0
quote 0
by the way, ken feinberg is heavily influenced by legislation in the t.a.r.p. that assigns him to do precisely what he's doing. but i think, andrea, the theme that ties these efforts together, it's also a theme you could see in financial reg reform is that because of the excessive list taking and the speculation and the regulators that were asleep at the switch, executive compensation became totally disconnected from performance. and so, instead of pay for performance, you have short-term risk taking that got us into this mess that we're in right now. so, the taxpayer comes in and to the tune of well over $200 billion helps to get these seven firms back from the brink, really, back from near death experiences and, now, i think david axelrod who said some of these compensation payments really seem offensive and excessive. the american taxpayer, until they are paid back, ken feinberg, i think, has every right to do precisely what he's doing. >> fair enough. feinberg is speaking right now right here at george washington university law school. let's listen to a lit
by the way, ken feinberg is heavily influenced by legislation in the t.a.r.p. that assigns him to do precisely what he's doing. but i think, andrea, the theme that ties these efforts together, it's also a theme you could see in financial reg reform is that because of the excessive list taking and the speculation and the regulators that were asleep at the switch, executive compensation became totally disconnected from performance. and so, instead of pay for performance, you have short-term risk...
62
62
Aug 20, 2014
08/14
by
CSPAN
tv
eye 62
favorite 0
quote 0
feinberg, i appreciate your comments. certainly when we set up the model after 9-11, the idea is the one you continue to pursue that victims are not subject to which judge they're assigned to. that you don't have cases handled one somewhere and one way somewhere else. they still have the legal option if they want to take it. but if they want the assurance that these cases are going to be handled in a way that has a structure, they have that from you. now, in that structure, as i understand it, when it comes time to a settlement, you have the ultimate authority on what that settlement would be, am i right in that? >> that is correct. the program is as you just pointed out entirely voluntary. no one has to come into this program. and if they do come into the program, we will determine their eligibility and if they're eligible, the amount of compensation. and only as with 9-11 as you know, only after they know what it is they'll receive, how generous it is. only do they then agree and there is no appeal from my determination
feinberg, i appreciate your comments. certainly when we set up the model after 9-11, the idea is the one you continue to pursue that victims are not subject to which judge they're assigned to. that you don't have cases handled one somewhere and one way somewhere else. they still have the legal option if they want to take it. but if they want the assurance that these cases are going to be handled in a way that has a structure, they have that from you. now, in that structure, as i understand it,...
57
57
Sep 7, 2015
09/15
by
CSPAN
tv
eye 57
favorite 0
quote 0
feinberg: we do an end run on theories of tort. we invite people to come into a system which does not to fix blame, does not deter. it compensates, that is all it does, individual victims. 9/11, 94 people, 3%, decided voluntarily not to come into my program. i met with them and i said to each one, why aren't you coming into a program that will compensate you in 60 days with an average award tax-free of $2 million? some would say, i lost my wife at the world trade center. she would want me to sue to make the airlines safer. to make the airlines safer. you are not going to make the airlines safer by suing. the airlines are as safe as they are going to be. even if you believe that a lawsuit will help make the airlines safe, let the other 93 people sue. let 93 people litigate to make the airlines safer. come in and get your money. >> without the threat of a civil jury trial, would bp or gm ever put up that kind of find? mr. feinberg: i doubt it. >> tell me of any kind of civil case where the biggest issue, the one that amounts to the m
feinberg: we do an end run on theories of tort. we invite people to come into a system which does not to fix blame, does not deter. it compensates, that is all it does, individual victims. 9/11, 94 people, 3%, decided voluntarily not to come into my program. i met with them and i said to each one, why aren't you coming into a program that will compensate you in 60 days with an average award tax-free of $2 million? some would say, i lost my wife at the world trade center. she would want me to...
128
128
Sep 16, 2014
09/14
by
KPIX
tv
eye 128
favorite 0
quote 0
the new number came from ken feinberg, who is in charge of gm's victims compensation fund. he's received a total of 125 death claims. some are still being evaluated, so the death toll is expected to grow. here's jeff glor. >> reporter: in 2006, 18-year- old natasha weigel was killed inside a chevy cobalt inside rural wisconsin. g.m. had not linked her death to a defective ignition switch until today, when ken feinberg released his first report. ken rimer is natasha's stepfather. >> it's not closure for us, but it's a step in the right direction. >> g.m.'s faulty switch, which we first reported on in >>bruary, can cause engines to suddenly shut off, disabling air bags and other safety features. gm first detected a problem during testing in 1999. they were still put in cars starting in 2002. despite complaints, accidents and deaths, the recalls didn't begin until 2014, 12 years later. until just a few months ago, gm insisted the number of deaths linked to the defects was only 13. bob hilliard represents many of the victims. >> i think g.m.'s intent on framing the conversation
the new number came from ken feinberg, who is in charge of gm's victims compensation fund. he's received a total of 125 death claims. some are still being evaluated, so the death toll is expected to grow. here's jeff glor. >> reporter: in 2006, 18-year- old natasha weigel was killed inside a chevy cobalt inside rural wisconsin. g.m. had not linked her death to a defective ignition switch until today, when ken feinberg released his first report. ken rimer is natasha's stepfather. >>...
233
233
Apr 24, 2013
04/13
by
CNNW
tv
eye 233
favorite 0
quote 0
feinberg, thanks for joining us. explain to us how you come up with the formula.million fund. how do you decide who is more worthy of more money? you have a double amputee in the hospital. on the other hand you have the richard family. they lost their son, a daughter lost a leg. the mother is in the hospital with serious health issues as a result of the terrorist attack. how do you make a decision about who gets what? >> it's an excruciating challenge. first you want to hear from the families themselves. what do they think? what does the public think? we usually conduct one or two town hall meetings in boston inviting everybody who has an interest to come and listen and voice their views. then we look at what has worked in the past. 9/11, aurora, virginia tech, the indiana state fair, wind storm, building on what we've learned works in the past we come up with a protocol that will guide us going forward with individual claims. >> is there -- i hate to sound crude about it but there is something crude about the mathematics of this all. is there a certain figure tha
feinberg, thanks for joining us. explain to us how you come up with the formula.million fund. how do you decide who is more worthy of more money? you have a double amputee in the hospital. on the other hand you have the richard family. they lost their son, a daughter lost a leg. the mother is in the hospital with serious health issues as a result of the terrorist attack. how do you make a decision about who gets what? >> it's an excruciating challenge. first you want to hear from the...
114
114
Apr 20, 2011
04/11
by
CNN
tv
eye 114
favorite 0
quote 0
and the man in charge, ken feinberg, admits there was mistakes.ut they paid $4 billion in claims in nine months out of the $20 billion bp has pledged in that purpose. >> we have received, tom, 800,000 claims. the volume is overwhelming. we have processed 2/3 of the claims. so i think in terms of speed, in terms of generosity, we're doing it right. >> reporter: don't say that in new orleans at p&j oyster company, in business for more than a century. we met the owners a year ago, hoping the oyster beds would somehow survive events offshore. >> it would be loud, a lot of activity going on, shuckers lined up along this stall and this stall. >> reporter: today, louisiana oysters have still not recovered and their shop is a shell. more than 20 jobs gone. the lawyers won't let him talk numbers, but he says he's received little reimbursement despite waiting, so he has little faith in bp and the claims office. >> i expected them to follow through on that, as time went on i found out that isn't what is occurring. and i've become angry. >> reporter: while no
and the man in charge, ken feinberg, admits there was mistakes.ut they paid $4 billion in claims in nine months out of the $20 billion bp has pledged in that purpose. >> we have received, tom, 800,000 claims. the volume is overwhelming. we have processed 2/3 of the claims. so i think in terms of speed, in terms of generosity, we're doing it right. >> reporter: don't say that in new orleans at p&j oyster company, in business for more than a century. we met the owners a year ago,...
162
162
Feb 3, 2015
02/15
by
KPIX
tv
eye 162
favorite 0
quote 0
feinberg is still evaluating the claims that have been submitted. that process will continue through the spring. scott, feinberg told us he expects the death toll will rise above that 51. >> pelley: jeff glor on this investigation from the beginning. jeff, thank you. an important story overseas now. the u.s. has been in a military and diplomatic standoff with iran since the hostage crisis back in 1979. but it turns out both countries are on the same side against isis. the islamic extremist group that's holding part of syria and iraq. tonight, holly williams takes us to northern iraq where war has forced this unusual alliance. >> reporter: in al muqdadiyah, they're celebrating victory over isis. "runaway, isis, we'll crush you," they chant, a week after they drove the extremists out. but these soldiers are not part of iraq's national army. instead they're volunteers with a shiite muslim militia known as the badr brigades. where are you getting your weapons from? "our guns all come from the iraqi defense ministry," said their commander, essam yahya hu
feinberg is still evaluating the claims that have been submitted. that process will continue through the spring. scott, feinberg told us he expects the death toll will rise above that 51. >> pelley: jeff glor on this investigation from the beginning. jeff, thank you. an important story overseas now. the u.s. has been in a military and diplomatic standoff with iran since the hostage crisis back in 1979. but it turns out both countries are on the same side against isis. the islamic...
100
100
Feb 16, 2017
02/17
by
MSNBCW
tv
eye 100
favorite 0
quote 0
he wants stephen feinberg to head up a review of intelligence agencies. and news that they are keeping trump in the dark about intelligence issues. >> and why are they urging the senate to say no to david freeman? and schools are closing in defines of president trump's crackdown on immigration. i'm ali velshi. a lot to get to this morning. breaking news, president trump targeting the intelligence community with new signing that a showdown may be coming. just last hour a senior administration official confirmed to nbc news that stephen feinberg, a billionaire private equity leader who has donated to trump's campaign is leading the review on spy agencies. quote, "the spotlight has finally been put on the low-life leakers! they will be caught." late last night, two congressmen asked the committee to look into the leaks as opposed to the actual communication between flynn and the russians. the president is defending his national security adviser saying flynn has been treated unfairly by the media. >> i think it's very, very unfair what's happened to general f
he wants stephen feinberg to head up a review of intelligence agencies. and news that they are keeping trump in the dark about intelligence issues. >> and why are they urging the senate to say no to david freeman? and schools are closing in defines of president trump's crackdown on immigration. i'm ali velshi. a lot to get to this morning. breaking news, president trump targeting the intelligence community with new signing that a showdown may be coming. just last hour a senior...
108
108
May 19, 2020
05/20
by
MSNBCW
tv
eye 108
favorite 0
quote 2
feinberg, let's start with the glint of hope about this vehicva vaccine. what is your reading of the report? >> it is a glint of hope. it's the first stage of testing a vaccine and the demonstration there is a dose that is both effective in neutralizing antibodies and safe for the few individuals who have taken it provides a glint of hope that this could be a vaccine that ultimately will prove to be effective. >> and dr. feinberg, i assume when you're dealing with a sample of eight that those people are chosen at this stage because they are perfectly healthy people. they wouldn't have any kind of cardiac issues or any -- you wouldn't have anyone pregnant taking that vaccine at this level of the test and so i assume these eight people are not representative of a cross section of the larger population that has all sorts of complications that they might bring interactively to a vaccine? >> that's absolutely correct. and this very first phase of early testing, the individuals involved are typically young, healthy individuals with no known illness that could be
feinberg, let's start with the glint of hope about this vehicva vaccine. what is your reading of the report? >> it is a glint of hope. it's the first stage of testing a vaccine and the demonstration there is a dose that is both effective in neutralizing antibodies and safe for the few individuals who have taken it provides a glint of hope that this could be a vaccine that ultimately will prove to be effective. >> and dr. feinberg, i assume when you're dealing with a sample of eight...
305
305
Jun 30, 2014
06/14
by
KQED
tv
eye 305
favorite 0
quote 0
feinberg, your formula doesn't take into account extraordinary circumstances. i've heard some cases, one lady has lived for ten years with a felony conviction for reckless driving because no one knew at the time, they blamed her. nobody knew at the time it was the switch. that lady has extraordinary claim here, and we will go outside the formula and take a look at those unique characteristics. >> brown: this is a case, and i think b.p. was also, where you were hired by the company to help settle. gm, of course, has been under extreme criticism for keeping this to itself. what is your relationship with gm? what is your experience so far in terms of their cooperation? >> first of all, they've been extraordinarily cooperative. mary barra has lived up to her promise in terms of cooperating completely with me and the team that we've assembled in trying to design this program. i have no complaints whatsoever. i think the plaintiff's lawyers around the country, bob hilliard and lance cooper and elizabeth cabrese and others have been extremely cooperative. the center f
feinberg, your formula doesn't take into account extraordinary circumstances. i've heard some cases, one lady has lived for ten years with a felony conviction for reckless driving because no one knew at the time, they blamed her. nobody knew at the time it was the switch. that lady has extraordinary claim here, and we will go outside the formula and take a look at those unique characteristics. >> brown: this is a case, and i think b.p. was also, where you were hired by the company to help...
153
153
Jun 26, 2012
06/12
by
MSNBCW
tv
eye 153
favorite 0
quote 0
ken feinberg, a true joy to have you on set. the book is "who gets what, fair compensation after tragedy and financial upheaval" on sale today. ken feinberg, thanks for your time. >>> coming up, governor romney just weighed in on the supreme court's immigration ruling, kind of. we will have that for you next. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. constipated? phillips' caplets use magnesium, an ingredient that works more naturally with your colon than stimulant laxatives, for effective relief of constipation without cramps. thanks. good morning, students. today we're gonna continue... i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing err
ken feinberg, a true joy to have you on set. the book is "who gets what, fair compensation after tragedy and financial upheaval" on sale today. ken feinberg, thanks for your time. >>> coming up, governor romney just weighed in on the supreme court's immigration ruling, kind of. we will have that for you next. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah,...
183
183
Jul 4, 2010
07/10
by
FOXNEWS
tv
eye 183
favorite 0
quote 0
feinberg, kenneth feinberg, thank you so much for joining us. >> thank you. >> major: thank you for the update and thank you for spending part of your 4th of july with us. happy 4th of july to you, sir. >> thank you. >> major: up next, the president campaign style bashes the republicans for, well, just about everything. we'll hear from the top republican senator and his reaction right after this break. >> major: president obama as etn into our own hands. soak our yards in color. get our hands a little busier. our dollars a little songer. and our thinking a little greener. let's grab all the bags and all the plants and all the latest tools out there. so we can turn all these savings into more colorful shades of doing. more saving. more doing. that's the power of the home depot. we've made a special buy on off clip-on for just .88 each. and you have a heart attack. that's what happened to me. i'm on an aspirin regimen now. my doctor told me it's the easiest preventative thing you can do. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. see your doctor
feinberg, kenneth feinberg, thank you so much for joining us. >> thank you. >> major: thank you for the update and thank you for spending part of your 4th of july with us. happy 4th of july to you, sir. >> thank you. >> major: up next, the president campaign style bashes the republicans for, well, just about everything. we'll hear from the top republican senator and his reaction right after this break. >> major: president obama as etn into our own hands. soak our...