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



Ow to distribute it I can t imagine the stress level while performing these duties If you have the same uestion about how much life insurance is enough this book will definitely help and give you a better idea I put this on my to read list a long time ago but only now got around to actually reading it when I heard that Mr Feinberg has been put in charge of administering the One Boston fundIt s an interesting dilemma how to distribute financial compensation to people when no amount of money can heal their pain and make them whole again Especially when as was the case with the 911 fund there are no rules about who gets the money or how much they should get It was up to Feinberg to invent the rules as he went along and there was no precedent to lean on which makes it interesting to learn how he approached the problem and determined the rules that were eventually put in place All this despite the fact that ultimately there is no definitive answer to the uestion posed in the book s titleI m glad I read this book but it wasn t exactly what I was expecting I think part of it was that I thought he might go into specifics about particular cases and that I would learn about the 911 victims but he didn t In retrospect that makes perfect sense because there is a genuine need to protect the privacy of the fund beneficiaries but still when you re expecting one thing and you get something else it can be a little disappointingI also thought that it was going to be of a narrative a story with a plot arc and character development and all of that It s not It s really of a how to manual for future reference should the need ever ariseBut there was also another issue that ept me from loving this book throughout most of it I Interesting and thoughtfully written though tediously repetitive Charged with convincing the families of the victims of 91101 to not sue the government or airlines Feinburg attempts to explain how families fighting for money after the victim s death is their expression of the value of that life He falls short Feinberg portrays his thoughts on the meaning of life through his experience at an elementary level While his task is interesting and uniue his book is not. Generosity and compassion of the program and calculating appropriate awards for each and every claim The Fund proved to be a dramatic success with over 97% of eligible families participating It also provided important lessons for Feinberg who became the filter the arbitrator and the target of family suffering Feinberg learned about the enduring power of family grief love fear faith frustration and courage Most importantly he learned that no check no matter how large could make the families and victims of 911 whole aga.

I heard his speech at the Commonwealth Club and was fascinated to now about his experience as the Special Master of the 9 11 compensation fund Feinberg is a very smart guy but you can also sense how enormous his ego is His cut and dry approach to the task of fairly distributing award to 9 11 victims and their relatives turned off many He admits he was a handy target for many people s varied frustrations and also how this experience altered his life Previously he had worked on Agent Orange and had been a litigator His work as a mediator was much difficult and reuired different skills be finely tunedThe final chapters include his evaluation of the idea of such a fund and how he would only recommend that in future if such a fund were set up which he wouldn t encourage that there be a set amount given not tied to all the variables this fund was There are charts and data included in the back of the book that are fascinating for those who want a further number understanding of the fund s distributions I don t think this book would have appeal unless you have done other reading about the fund and people s personal experiences It is about his work as the Special Master and the challenges he faced to do his best given his parametersFew people have this type of life experience of this magnitude and therefore it is a uniue look at a difficult task and one man s attempt to be fair against great odds Very insightful Good read for the information it provides Very interesting read Thought provoking For most people the title is a philosophical uestion for Feinberg who administered the 911 compensation fund for victims and families and has since did similar work for Boston Marathon bombing victims this is a real life conundrum to solve He goes about his work with rabbinical wisdom and a lot of compassionThis book documents the 911 fund laying out the legislation that led to its creation the political situation that gave Feinberg as Special Master extraordinary powers and then actual administration of the work This is at once practical virtually a how to and full of heart breaking stories as well as unexpected humor coming from ridiculous reuests one widower asks that the fund. Soon to be a major motion picture the true story of the man put in charge of the 911 Victim Compensation Fund and a testament to the enduring power of family grief love fear frustration and courage Just days after September 11 2001 Kenneth Feinberg was appointed to administer the federal 911 Victim Compensation Fund a uniue unprecedented fund established by Congress to compensate families who lost a loved one on 911 and survivors who were physically injured in the attacks Those who participated in the Fund were reuire.

Pay for escort services Incredibly family suabble erupted over who would get payments with imminent in laws shutting out fiancees Overall though the fund is a humane gesture from the American people to an extraordinary eventFeinberg is guided by advice from his mentor Ted Kennedy and chooses to use his discretion to shrink the gap between rich and poor Although lawsuits would calculate a person s lifetime earnings Feinberg can t do those sorts of calculations for 3000 affected families In fact at the end he advises that future funds set a fixed amount for particular injuries and not have the compensation offset by insurance or other outside income He also doesn t believe that funds like these should be a regular occurrence why should a firefighter who dies on 911 get compensation that a colleague who dies on another day would notThe average compensation to victim s families was about 2000000 whether they were stockbrokers or stock boys American or foreign With great compassion Feinberg ultimately answers his uestion for each family affected the life of their loved one was worth the same as that of any other family s loved one Feinberg s description of his experience as head of the September 11th Victim Compensation Fund raises many challenging issues about the impossible task of placing a dollar value on the lives of the victims illed or injured in the 911 attacks He offers a frank portrayal of both his mistakes most of them early in the process and the results of his extraordi I heard him speak this past summer so I looked for his books at the library He wrote 2 I read the books in his voice so that made it really fascinating for me Also I worked downtown during 911 so it all was very realRecommended I got this book recommended by my insurance agent a while ago when I inuire about how much is enough for a life insurance policy It is eye opening to now how he had to deal with that difficult and challenging situation He mentioned how much communications skills he had to develop to talk to all the families and how he had to create the rules of the fund to avoid at all cost independent sues It gives a good idea of how he calculated the monetary compensation and D to waive their right to sue the airlines involved in the attacks as well as other potentially responsible entities When the program was launched many families criticized it as a brazen tight fisted attempt to protect the airlines from lawsuits The Fund was also attacked as attempting to put insulting dollar values on the lives of lost loved ones The families were in pain And they were angry Over the course of the next three years Feinberg spent almost all of his time meeting with the families convincing them of the.

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ONLINE ç What Is Life Worth?: The Unprecedented Effort to Compensate the Victims of 9/11 by Kenneth R. Feinberg – chernov–art.com

Kenneth R Feinberg one of the nation’s leading lawyers has been front and center in some of the most complex legal disputes of the past three decades He is the former Administrator of the Gulf Coast Claims Facility established by the Obama Administration to process claims for compensation arising out of the Gulf of Mexico oil spill in 2010 He also served as Special Master of the Federal Sept