GM to Bring in Former Obama Pay Czar Kenneth Feinberg

General Motors CEO Mary Barra told Congress this week the company has hired former Administration “pay czar” Kenneth Feinberg to help deal with financial repercussions in the aftermath of an ignition-switch defect linked to at least 13 deaths. Feinberg managed BP’s $20 billion damage fund after the 2010 BP oil spill, and before that, he served in the Obama administration overseeing executive compensation practices at firms bailed out in the 2009 stimulus. He’s administered or advised on funds for victims of the Sept. 11, 2001, terrorist attacks and the mass shootings at Virginia Tech and at a movie theater in Aurora, Colo., and he also managed Hurricane Katrina payouts for an insurance company. That string of high-profile work led one Yale professor to call Feinberg “a modern-day King Solomon.”