GM Crash Victim Payment Plan Won’t Have Limit
When Kenneth Feinberg announces the terms of General Motors’ plan to pay victims of crashes caused by bad ignition switches, he’ll have an open wallet. Feinberg, the country’s most well-known compensation expert, is scheduled to reveal the terms Monday, and GM CEO Mary Barra has said there will be no cap on payments. Also, GM won’t have any say in Feinberg’s awards, she told a U.S. House subcommittee during a hearing earlier this month.
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