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The Game Changing Attorney Podcast with Michael Mogill

81. Kenneth Feinberg — What Is Life Worth? The Unprecedented Effort to Compensate the Victims of 9/11

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Marketing, Management, Entrepreneurship, Business

5.0540 Ratings

🗓️ 26 October 2021

⏱️ 41 minutes

🧾️ Download transcript

Summary

"You have to exhibit empathy, but you have to exhibit empathy in other ways than mouthing cliche or something like that." - Kenneth Feinberg What was the emotional impact of administering the 9/11 Compensation Fund? What are the main responsibilities of a mediator? How do great leaders deal with pushback? Why does the American legal system approach tort law differently with certain individuals? Man in the Middle: Origins of a Mediator Kenneth Feinberg has been described as an attorney who "has appeared at nearly every scene of tragedy and disaster in the US in the past two decades" by the Financial Times. From 9/11 to the BP oil spill, Kenneth has been at the heart of some of the biggest social catastrophes in modern history. He has faced an abundance of loss and sadness, yet has balanced the course of justice through financial reparations. While he claims to have fallen into mediation by accident, once asked to mediate the agent orange situation over in Vietnam, he soon found his feet and what followed has been a storied career. Through his many bittersweet successes, Kenneth has written two books, one of which has been adapted into a film. Featured on Netflix in 2020, the motion picture “Worth” unpacks the processes Kenneth had to face when supporting the victims of 9/11. The film features high-profile figures such as Michael Keaton and Stanley Tucci. Even with the recognition brought on through media prominence, Feinberg never views his successes as “justice,” but rather “mercy” — and while situational factors are irreversible, Kenneth does everything in his power to hopefully bring long-awaited relief. A Shoulder to Cry On: Approaching Empathy Dealing with the bereaved is never an easy endeavor. Nothing you say can be up to the task. Early in his career, Feinberg attempted to console a grieving father by saying, "I know how you feel" which was met with the response, "Don't ever tell someone like me you know how I feel." By attempting to empathize through shared emotion, Kenneth realized he had to find another way to relate to clients dealing with loss. Offering financial certainty can bring a glimmer of hope to those who struggle, and providing support can make a world of difference. Through resilience and willingness to succeed, he's managed to win settlements exceeding billions of dollars throughout his career. Not Just a Suit: Heart Behind the Job Kenneth states that “there's a lot of personality involved in being an effective mediator.” It takes a huge emotional investment to work in proximity to so much grief. Many involved in the 9/11 Compensation Fund were left angry and unsatisfied with the process. In an interview with Damien Carrick, Feinberg says those involved often asked, "Why did the government let us down?" But even when dealt a difficult hand, Kenneth has produced magnificent results across an illustrious career. In our discussion, Kenneth draws on the overriding emotional element of his job, the success stories, the heartbreaking details, and the limitations that the legal system often presents. Key takeaways: Empathize: Understanding and appreciating the emotions of those around you goes a long way. Structured Approach: Resolving conflict comes in many forms. Equality: Equality comes from placing everyone on the same pedestal. Links and Resources The Game Changing Attorney Podcast Michael Mogill Facebook Michael Mogill Twitter Michael Mogill Instagram Michael Mogill LinkedIn Crisp Website Crisp Facebook Crisp Twitter Crisp Instagram Crisp LinkedIn What is Life Worth? - Book Website Who Gets What - Book Website

Transcript

Click on a timestamp to play from that location

0:00.0

Money is a pretty hollow substitute for death or life-altering injuries.

0:09.0

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, $3 million and expect thank you, justice?

0:24.0

No, it's mercy, but it's not justice.

0:28.1

That's Ken Feinberg, special master to the 9-11 Victims Compensation Fund and the inspiration

0:33.2

behind the film Worth, starring Michael Keaton.

0:35.8

You have to exhibit empathy, but you have to exhibit empathy in other ways than mouthing,

0:44.1

cliche, or something like that.

0:52.0

I'm Michael Mogul, founder and CEO of Crisp, the nation's number one law from growth company.

0:57.0

I've built my business through practice, not theory.

1:00.0

Crisp started with just $500 to my name and has grown to over eight figures in revenue over the last few years,

1:05.0

earning a spot on the Inc 500 list of the fastest growing private companies in America.

1:10.0

Our approach has been to take everything

1:11.7

we've learned about generating massive growth within our own organization and help the country's

1:16.0

most ambitious and committed law firm owners do the same for theirs. In each episode of this

1:20.2

podcast, I sit down with innovative market leaders from the legal industry and beyond to learn from

1:25.1

those who thrive in the face of adversity, challenge the status quo,

1:28.0

and define what it means to be a true game changer.

1:31.2

I sat down with Ken Feinberg to discuss the subjective process of placing a monetary value on a human life,

1:37.1

why individuals have more power than they may think, and the lessons learned from his

1:40.8

unprecedented effort to compensate the victims of 9-11.

1:44.4

Most of the mistakes that we made were mistakes of empathy.

...

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