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kenneth feinberg

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    Report: GM compensation fund finds at least 19 deaths related to faulty ignition switches [w/video]
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    It appears that the safety problems stemming from General Motors' faulty ignition switches may stretch further than the automaker as admitted to. In a new interview with CNN Money, Kenneth Feinberg, the lawyer overseeing the settlement process for GM, says that there are at least 19 deaths and 12 ...

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    Report: Death claim in GM ignition-switch lawsuit rises to 100
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    Nearly 300 people have filed claims in the General Motors ignition switch recall case, with around 100 claiming the defect led to their loved ones' fatal crashes while 184 people claim they were injured in crashes caused by the recalled ignition switch. The period for filing claims opened on ...

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    Report: GM won't pay ignition-switch claims out of insurance funds
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    "It will be done through cash on hand, no insurance." – David Roman, GM's director of financial communications. General Motors has committed to paying all of its ignition-switch claims out of its own pocket. David Roman, the company's director of financial communications, told Business ...

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    Report: Ken Feinberg details General Motors' ignition switch recall compensation plan [UPDATE]
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    Kenneth Feinberg and General Motors have announced the long-awaited compensation plan for victims of the Detroit-based manufacturer's botched ignition switch recall. The compensation plan will be open to family members of anyone that was killed or injured due to ignition switch failure. That ...

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    Report: GM won't pay owners of recalled cars for lost value
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    Kenneth Feinberg, the man in charge of the General Motors compensation fund dealing with the its widespread ignition switch woes, has issued an informal, two-letter response to the plaintiffs in more than 70 lawsuits seeking redress for lost resale value of their Cobalts: "No." The cases were ...

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    Report: GM begins compensation negotiations with ignition switch victims
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    The process of settling the plethora of lawsuits stemming from General Motors' ignition switch recall has begun in earnest, as GM lawyer Kenneth Feinberg met with Robert Hilliard, an attorney for some 300 people and families affected by the recall. The pair met in Feinberg's Washington, D.C. ...

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    General Motors CEO provides few details in appearance before Congress
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    It was only two months ago that Mary Barra, freshly crowned as the new General Motors chief executive officer, visited Washington DC as an esteemed guest of First Lady Michelle Obama for the State of the Union address. The biggest news that emerged from the hearing was that GM has retained ...

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    Pay czar Kenneth Feinberg stepping down this summer
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    Kenneth Feinberg, the man who earned the nickname Pay Czar and then took a hammer and sickle to the wages of General Motors, Chrysler, Ally Financial and AIG execs, will be departing his post this summer. The new government job he's set to transfer to will keep him in the oversight business: head ...

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    Feds cut executive pay at General Motors, Chrysler
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    The United States Treasury Department, under the direction of pay czar Kenneth Feinberg (pictured) has cut the total cash compensation for the top 25 executives at both General Motors and Chrysler, among other companies who received bailout assistance under the $700 billion Troubled Asset Relief ...

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    Report: GM CEO could earn $9M per year, ex-CEO Henderson hired as $60k/month consultant
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    Two different outlets are reporting two seemingly conflicting reports about pay at General Motors, but it's clear regardless of the details that money is in motion at The General. Ed Whitacre, Jr., who doesn't receive any pay as GM's chairman, is waiting on approval from the Treasury pay czar for ...

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    Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs
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    It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ...

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    REPORT: Chrysler Financial to wind down by 2011, executive pay, well, not so much
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    Cerberus submitted its plans for Chrysler Financial to the U.S. Treasury, and then in an announcement that came as a surprise to Cerberus itself, the Treasury said that Chrysler Financial would be shutting down by December 31, 2011. The lending arm paid back its $1.5 billion loan from the ...

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    REPORT: Pay czar planning up to 90% compensation cuts for top auto execs
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    When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no choice but to put their fates in Uncle Sam's hands. After two very brief bankruptcies and billions in bailout cash, America's favorite bearded ...

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    Officially Official: Chrysler exiting bankruptcy, Fiat steps in and makes changes immediately
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    Fiat now owns a big chunk of Chrysler. Officially. Soon after the Supreme Court gave it the go-ahead, the sale of Chrysler to Fiat was complete. Altogether, the deal took just 42 days. With a couple of signatures and a wire transfer Wednesday morning, the sale was official. Fiat gets most of ...

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