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Thursday, November 5, 2009

Ken Feinberg named new Chairman of John F. Kennedy Library Foundation

The John F. Kennedy Library Foundation has elected Kenneth R. Feinberg as its new chairman. He succeeds Paul G. Kirk, Jr., who resigned as Board Chairman in September when Governor Deval Patrick appointed him interim United States Senator from Massachusetts.

(Photo: Paul Kirk Jr., Caroline Kennedy and Ken Feinberg)

“We are truly honored that Ken Feinberg will be leading the John F. Kennedy Library Foundation during this important time,” said Foundation President Caroline Kennedy. “There are few people who have answered President Kennedy’s call to service more often, and with greater impact than Ken. He was a beloved friend and trusted counselor to my uncle, and I am so glad to be able to continue this relationship.”

Feinberg, 64, is a native of Brockton, Massachusetts. He worked for five years as an administrative assistant and chief of staff for U.S. Senator Edward M. Kennedy and as an Assistant United States Attorney.

Feinberg was appointed by as Special Master of the U.S. Government's September 11th Victim Compensation Fund which distributed nearly $7 billion to more than 5,000 victims and families of victims of 9/11. He worked entirely pro bono on the project for 33 months.

In recognition of his outstanding service to the nation and to September 11th victims and their families, Senator Edward M. Kennedy presented Feinberg with the Kennedy Library Foundation’s Distinguished American Award in September 2004.

In July 2009, the Obama Administration appointed Feinberg to oversee the compensation of top executives at companies which received federal bailout assistance. He announced in October that the Treasury Department would slash compensation for the 25 highest-paid executives at the seven firms that received the largest chunks of federal bailout money.

For more information on the John F. Kennedy Library Foundation, visit jfklibrary.org/.

For details on cultural events in Massachusetts year round, visit irishmassachusetts.com/

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