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.
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.
Ken Feinberg, former chief of staff for Senator Ted Kennedy, joins The Takeaway to remember Kennedy's presidential aspirations, legislative record, and personal approach to politics.
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.
The Obama administration is poised to announce a new set of regulations on executive compensation. They are also nominating a so-called Pay Czar to monitor executive compensation. Louise Story, reporter for The New York Times, joins The Takeaway.