Ken Feinberg Named BP Oil Spill Escrow Pay Czar

"On the other hand, where there is a comparison is the fact ... that we did develop a compensation methodology to value claims of over 5,000 people," he said. "I think our success in developing that compensation methodology, factors and variables that we considered in adjusting compensation levels -- I think that had a lot to do with the view of the administration that I might be able to bring some substantive skill to this assignment."

With tens of thousands of barrels of oil still gushing into the Gulf every day and entire Gulf communities trying to cope with the ensuing destruction, Feinberg's next assignment will present another stern challenge.

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