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

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Author: Kenneth Feinberg

ISBN-10: 1586484516

ISBN-13: 9781586484514

Category: Business History - General & Miscellaneous

Just days after September 11, 2001, Kenneth Feinberg was appointed to administer the federal 9/11 Victim Compensation Fund, a unique, unprecedented fund established by Congress to compensate families who lost a loved one on 9/11 and survivors who were physically injured in the attacks. Those who participated in the Fund were required 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...

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As head of the 9/11 Victim Compensation Fund, Kenneth Feinberg was asked to do the impossible: calculate the dollar value of over 5,000 dead and injured as a result of the 9/11 terrorist attacks. Washington Post 8/24/05 "... some times eloquent, at others oddly detached, at all times painfully honest... a rewarding read but not an easy one."

1The experience of a lifetime12Shouldering the load313From theory to reality654The families speak935Struggling with the incomprehensible1196Solomon's choices1517Looking back1638Looking ahead : lessons for the future177

\ From Barnes & NobleKenneth Feinberg was given the world's most painful task. As head of the September 11th Compensation Fund, he was asked, in the interest of fairness, to calculate the dollar values of each of the 2,976 lives lost in the World Trade Center attacks. Day after day, he attempted to establish the most equitable equations of human suffering and loss. This experience changed him forever; What Life Is Worth is the story of that experience.\ \ \ \ \ John FarmerWhat is life worth? Feinberg found the answer not in actuarial tables or projected incomes but in the almost limitless capacity of people to love: "Love was often all that survivors could cling to -- a life preserver -- in their effort to get through each day. They had been left behind, but they had been left behind with powerful reserves of love." The Sept. 11 fund began as an airline bailout, but it ended as a vehicle for expressing love. That transfiguration was Feinberg's great professional and, we suspect, personal achievement; we come away feeling that the process of determining what life is worth transformed not just the fund but its special master, too.\ — The Washington Post\ \ \ Washington Post 8/24/05"... some times eloquent, at others oddly detached, at all times painfully honest... a rewarding read but not an easy one."\ \ \ \ \ William GrimesIn What Is Life Worth? Mr. Feinberg offers a valuable first-person account of the 9/11 compensation fund and its workings. He makes clear, for the first time, exactly how peculiar the law governing the fund was, and the enormous difficulties, ethical and practical, that resulted from its ambiguous language and hastily written guidelines.\ — The New York Times\ \ \ \ \ Publishers WeeklyWhen Feinberg writes that "[t]he cacophony of arguments validated my original preference: to refuse to evaluate individual suffering" midway through this frank memoir, the reader already trusts him enough to know that he is not being crass or unfeeling: he is being honest. By then, Feinberg, a lawyer who has been on two presidential commissions and has done Agent Orange litigation, has established his judicious forthrightness and his dedication to "the success of the fund"-getting as many families as possible to opt in to the trust, which he headed and which was established to award cash to the 9/11 victims, rather than sue the government. The problem: how, and how much? Feinberg's willingness to put himself into the book makes what could have been an alternately dry and self-serving case study crackle with care, frustration, intellectual energy and good writing. Feinberg and his team ran through every argument and counterargument for compensation and its various possible permutations, and he presents the debate, and his ultimate conclusions as head of the 9/11 fund, with an earned conviction and clarity, even on stat-heavy pages. With its combination of a strong personality, undeniably compelling subject matter and a great title, this understated, passionate trek into the dismal terrain is likely to be a major surprise bestseller. Anything but macabre, it ends up, in its own way, celebrating life. (June 13) Copyright 2005 Reed Business Information.\ \