Special Master for TARP Executive Compensation Kenneth Feinberg—more popularly referred to as the "Wall Street Pay Czar"—has a long history of arbitrating over contentious and sensitive issues. From determining the fair market value of the Zapruder film of John F. Kennedy's assassination to determining the fair market value of the lives of victims of 9/11, Feinberg's history of mediation made him a logical choice to administer the $20 billion escrow fund for victims of BP's oil spill in the Gulf of Mexico.
In numerous media appearances since his appointment, Feinberg has stressed the importance of rapid payment of claims to victims of the oil spill. However, many are wondering how exactly he plans to administer the funds. New York Times finance reporter Louise Story has been following Feinberg's career for some time. She shares her insights about Feinberg's operational methods.