297. Kenneth R. Feinberg — Behind the 9/11 Compensation Fund: Navigating Tragedy & Complex Mediation [Encore Edition]

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Marketing, Entrepreneurship, Management, Business

5.0 • 538 Ratings

🗓️ 10 September 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kenneth R. Feinberg is a renowned alternative mediation and dispute resolution attorney, best recognized for his pivotal role as Special Master of the 9/11 Victim Compensation Fund. His work, however, spans a wide range of other major settlements, including overseeing compensation efforts for the Agent Orange case, the BP Deepwater Horizon spill, and the Boston Marathon bombing — managing the distribution of billions to victims and their families. In this timely encore edition episode of The Game Changing Attorney Podcast, Michael Mogill and Ken discuss: The deeply subjective nature of assigning monetary value to human life The often underappreciated influence individuals truly possess Key takeaways from the groundbreaking initiative to compensate 9/11 victims ---- Show Notes: 00:00 – Introduction to Ken Feinberg and the 9/11 Victims Compensation Fund 02:52 – Ken Feinberg's Journey to Becoming a Lawyer 04:12 – The Challenges and Emotional Toll of the 9/11 Fund 07:21 – Pro Bono Work and Financial Sacrifices 08:44 – Calculating Compensation and Legal Complexities 13:32 – The Emotional Impact and Mistakes Made 25:58 – Lessons Learned and Future Outlook 29:35 – Ken Feinberg's Personal Reflections and Advice 36:26 – Conclusion and Final Thoughts ---- Links & Resources Watch Worth on Netflix What is Life Worth? by Kenneth R. Feinberg Agent Orange Settlement Fund Deepwater Horizon Settlement Boston Marathon Settlements ---- Listening to this episode but want to watch it? Check it out on Spotify. Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: #33 Robert Bilott – Poisoned Water, Corporate Greed: The 20-Year Battle Against DuPont #107 Randi McGinn – Authenticity is the Advantage #268 AMMA – Resilience in the Face of Uncertainty

Transcript

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0:00.0	Money is a pretty hollow substitute for death or life-altering injuries.
0:09.4	And the idea that you would provide a mother and father who lost a son at the World Trade Center,
0:17.2	you provide them, you know, $ million dollars and expect thank you, justice?
0:24.1	No, it's mercy, but it's not justice.
0:27.7	That's Ken Feinberg, special master to the 9-11 Victims Compensation Fund and the inspiration
0:33.1	behind the film Worth, starring Michael Keaton.
0:35.6	You have to exhibit empathy, but you have to exhibit empathy in other ways than mowling, cliche.
0:51.3	I'm Michael Logel, founder and CEO of Crisp, the nation's number one law from growth company.
0:56.2	I've built my business through practice, not theory.
0:59.0	Crisp started with just $500 to my name and has grown to over eight figures in revenue over the last few years,
1:04.3	earning a spot on the Inc. 500 list of the fastest growing private companies in America.
1:08.7	Our approach has been to take everything we've learned about
1:10.9	generating massive growth within our own organization and help the country's most ambitious
1:15.0	and committed law firm owners do the same for theirs. In each episode of this podcast,
1:19.2	I sit down with innovative market leaders from the legal industry and beyond to learn from those
1:23.7	who thrive in the face of adversity, challenge the status quo, and define what it means
1:27.8	to be a true game changer. Today, we're revisiting one of our most popular episodes from the podcast
1:33.1	where I sat down with Ken Feinberg to discuss the subjective process of placing a monetary value
1:37.8	on a human life, why individuals have more power than they may think, and the lessons learned
1:42.7	from his unprecedented effort to compensate
1:44.7	the victims of 9-11. Most of the mistakes that we made were mistakes of empathy, were mistakes
1:53.7	of emotion. That's coming up on the Game Changing Attorney Podcasts.
	...

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