Following the Boston marathon bombings, The One Fund Boston was set up to collect donations for the victims and their families. In other parts of the world, victim compensation is the responsibility of the government.
Over 130,000 people have filed for damages due to the Gulf Oil Spill. Only a third of the 130,000 claims against BP have been paid out. That's about to change. Professor Howard Erichson, of Fordham Law School, joins us to help sort out the legalities.
Kenneth Feinberg's history of mediation made him a logical choice to administer the $20 billion escrow fund for victims of BP's oil spill. New York Times finance reporter Louise Story has been following Feinberg's career for some time.
To talk about criticism of outlandish executive pay and Secretary Geithner's new ?pay czar' position, The Takeaway is joined by Nell Minow, co-founder of a think-tank that studies executive pay, and Peter Morici of the Smith School of Business.
Joining The Takeaway to explain what it would take to financially compensate those caught up in Madoff's investment web is Ken Feinberg, a Washington attorney who served as special master of the September 11 Victim Compensation Fund.
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