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Ken Feinberg

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99
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2015-10-09
most recent
2015-10-09
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1
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  1. You have, and let me tell you, you have a very civilized approach to this because your show, and the reason I was attracted to it, it's not a six minute soundbite. It's not eight minutes how many quick points can you make? You flesh it out, you give everybody the opportunity, you get into a dialogue, and it's very substantive, and I think you're performing a valuable public service, so thank you.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  2. I don't know about that. That's a very interesting question. What I know today is more than 40 years ago is that you build a sense of trust and credibility on the part of people, not by marketing and not by branding and not by advertising. and experience. I'm a firm believer that talent will out and that if you're a good lawyer or a good doctor or a good interviewer on Bloomberg TV or Bloomberg Radio or Bloomberg podcast that It generates itself, it provides you not only a sense of satisfaction, it does me in my practice, but that don't worry too much about tomorrow or the next day, your experience and your credibility enhances tomorrow or the next day.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  3. You could write a book other people could as well, on how nine eleven, thirteen, fourteen fifteen years ago has influenced the way we live today, the way we think, the way we act, I would have thought after nine hundred eleven that over a relatively brief period of time, 911 would be history and that the American people wouldn't stand for these lines at airports going through. It turns out the American people I think have made airport security a regular fixture of their lives. They expect it. They don't want it modified. And I'm surprised at that. You know, the American people usually are very forgetful.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  4. People went to work on 911. They never perfunctory goodbyes to husbands and wives and brothers and sisters. I'll meet you for dinner. I'll meet you. I'll be home early. Yeah, yeah, talk to you later. Talk to you later, honey.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  5. That's the test. Milepost. Enjoy your game Mondays. You're doing the wrong thing. That's right. And don't worry too much about what you're going to be doing, three years, four years, five years. Five years ago, Barry Ritholz didn't see himself doing this fabulous show.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  6. Well, I don't know. I mean, I do think there's a trend that three years of law school, the third year should be more clinical. Actual experience out in the field practicing at the DA's office or legal aid or doing some mediation work as a student, but getting out there and getting some real world experience. There may be a trend towards making three years of law school two years. Now there are some law schools now like Brooklyn here, Dean Nick Aller, very, very Creative guy who's jamming three years of law school credit into two years and inviting students who want to get out of law school in two years to work hard, take the same number of credits, but get out earlier to start working. So we'll watch and see how this develops over the next few years.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  7. That's right. And now you go online and you see legal.com and Zoom and all of this and legal zoom And we can give you a will and we can do a simple divorce and won't cost you very much. And it's all online. And, I mean, the world has changed.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  8. I want to go to law school. I want to go to a very good law school. And I want to do very well at law school. Otherwise good luck, it's a very competitive world out there, and you better think twice

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  9. I think the legal industry hasn't changed that much except there are too many lawyers I mean, we're reading about this all the time. These lawyers, you know, we're churning out thousands and thousands of lawyers every year. And we're over lawyered. So I advise young people all the time, don't go to law school unless. You really want to be a lawyer. You want to practice law. Don't go because I'm not sure what I want to do. That's a pretty expensive ambivalence, I must say.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  10. That's really not easy to do in those circumstances. No, but I've learned over the years the less you say to people in grief, Better because you'll be fueling this thing.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  11. I have some advice for you. You have a tough job. I don't envy you Don't ever tell somebody like me that you know how I feel. You have no idea how I feel, and it sounds pretentious and condescending. I wouldn't do that if I will never do that again. That is chilling.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  12. Can't help it. You can't help it. I remember an 83-year-old man came to see me after nine eleven. Mr. Feinberg crying. He was crying. Mr Feinberg, I lost my son at the Pentagon. When the plane hit, he got out, he escaped, but he thought that his sister, who also worked at the Pentagon, was trapped, so he went back in to look for her. She had escaped through a side door. He died looking for her. Now Mr Feinberg, my life is over on burying a son. A father should never bury a son. And I looked at this man crying and I can't believe it. I said to him Mr Jones, this is terrible what happened to your son. I know how you feel. He looked at me, nice, quiet, mister Feinberg.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  13. And you hope when you do what I do, you hope you will not make a mistake. Every time I do one of these programs to compensate innocent people I make a mistake.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  14. No God would allow such a thing. I will never again step foot in a church or a synagogue. It can't be that there's a God that would allow this, and you have no answer, none. You just listen.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  15. Yeah, and here I am meeting with families who lost first graders. And I'm just telling them what can you possibly say? You just sit there and listen to them. about life's unfairness, that's what it's all about. Mr Feinberg? I lost my first grade child, there is no

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  16. There are huge ramifications. When I do the 9 11 or BP or any one of these programs, Boston Marathon, Aurora, Sandy Hook, Sandy Hook. twenty four first graders murdered.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  17. Look. You think constantly about what you learn in what I do. Is that public policy involves real people, live people that have needs. And when you're thinking about whether to close down the government, or you're thinking about filibustering a health bill. You know, you better step back. There are real people in here today. Ramifications

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  18. And I find that if I have a moment where I'm not meeting with somebody or doing, I'm so tied up thinking about my work that it's hard to focus on fiction or non-fiction or anything else because you're so occupied with what should that person receive or should that person be eligible or how much and you take it home with you.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  19. He's read everything on tape, goes to work on tape, coming home on tape at night on tape, on vacation, on tape, and takes the airplane trips on tape. And he says, Oh, I read that. I read that. All the light you cannot see and the girl on the train and all these bestsellers, he listens to him and not this.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  20. So that's where I get to do a little bit. Now, my friend Mock Byros is a big believer in these oral books with the Eel.com. He must read a book a week on tape.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  21. That is the history of civilization. Going back thousands of years and the importance of that river in world history. And I found that to be interesting. So I get some time, but it's cliche, but I'm too busy.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  22. I just picked it up at a local bookstore on Martha's Vineyard The History of the Nile going back to the ancient Egypt right up to the present time.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  23. What do you like? Nonfiction Ama, it's on the run. So it's The New York Times every day and The Washington Post. It's the New Yorker. It's the New York Review of Books. You don't really get, I don't, I don't get now in the summer. I just finished reading Evan Thomas' book on Richard Nixon. Fabulous book. I mean, Richard Nixon, I don't want to say that Evan Thomas is a revisionist who is sympathetic to Nixon. But by laying out the story, you can't help but see a side of Nixon that otherwise people forget because of Watergate and everything.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  24. Well, the great Gatsby, everybody reads to kill a mocking word everybody reads. I don't get a chance, really. To read much fiction.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  25. Hemingway's children, I guess, were very close to Jacqueline Kennedy Onosis, and Jacqueline Kennedy, when she was alive, suggested that an appropriate place to lodge those, house those materials, and now the JFK Library in Boston is a key depository of Hemiway memorabilia.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  26. That's great. And people don't understand a massive collection of Hemingway memorabilia and drafts sit in the Kennedy Library in Boston, the JFK Library. Oh, really?

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  27. Ernest Hemingway. I mean Ernest Hemiway, they say that he may be in decline today in terms of some of the major authors, revisionist. I don't know about that. I think Hemiway is tremendous.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  28. Those people, I think Judge Weinstein, a very activist judge. Believes that the courts should be there to help the disenfranchised and the less well-off. Senator Kennedy, who of course was a champion of liberal causes, Was determined to help the little man. Justice Brya, who's consistently one of the four justices on the court that Feels very strongly about issues like gay marriage, affirmative action, and things like that.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  29. But your hope that you instill values in your children that are time honored no matter what the material change or the environmental change, the pace of life, you hope that the core values about love and respect and reputation and judgment stay with them

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  30. And of course. Your father and mother. I grew up in Brockton in a very loving family with my brother and sister. And we knew that no matter what happened during the day at school or at work or whatever, we would always come home and a very loving mother and father would be waiting to nurture, to counsel, to guide, to love. And believe me, that had a huge impact on the children.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  31. Of nationally recognized antitrust expert who taught me and I was his intern at Why You Law School. And then he went on to head up the FTC. He's still alive living in Washington. And Professor Potofsky got me into a teaching career, teach. And those are the people that really influenced my outlook.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  32. Next door to one another. We sat in the same room. And we're very close friends, and Justice Breyer has had a profound impact on my outlook and on my career, and finally a professor, Robert Potovsky.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  33. Shop his attack, he was the fellow, the judge, who put me to work on Agent Orange and made my career. And Judge Weinstein's had a tremendous, I still wouldn't think of resolving an issue without chatting with Judge Weinstein. Really? You still told me?

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  34. There have been four that I've written about. Ted Kennedy was one. Master legislator Unrivaled, I think, as an effective US Senator in getting things done. I would say the other three people that have really influenced my thinking. Judge Jack Weinstein. Oh, sure. Federal judge here in Brooklyn.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  35. You know, look, it's not my team. I'm just, if I were, you asked if I'm advising him. For Pete's sake, you'll make a fortune the last week all that merchandise is out there for the last week, every shelf will be sold out.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  36. Resolve the team name for goodness sakes. It bothers people. It's building up, it continues to build up. If that many people and that many critics find a name as being a problem, change the name. What is the big deal?

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  37. Well, I was a Red Sox fan for many years now. Of course, I've lived in Washington for thirty-five years and my children grew up. Baltimore Oriel fans, red skinned fans, wizards, caps. So it's hard to maintain a New England allegiance when your kids are praising the local schools, the local teams.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  38. Brockton, Massachusetts, an urban center over half the shoes worn by Union soldiers in the Civil War were manufactured in Brockton and a great industrial mecca. Really it was. And when I was growing up, it was still a town where imports and Chinese imports and Italian imports of shoes, that was the next day or the next year or the next month or the next decade.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  39. Maybe somewhere in between. I'm talking about 1957 until the Vietnam build up around 65. And during that eight year period, when I was a teenager, and then got older in my early 20s. That was the period where I was most influenced by optimism. Vietnam and the civil rights movement changed a lot of that. You're absolutely right. But it had an impact on me.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  40. The peace corps and giving back to the country and that every individual can make a difference and that resonated with me. It also resonated with me. I grew up in a tight-knit loving Jewish family. In Brockton, when everybody was much more optimistic about the future and pulling yourself up and moving forward, my grandparents were immigrants, and it just helped mold my outlook

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  41. in Brockton, Massachusetts, when President Kennedy was in the White House and A much more optimistic time. He's promoting public service, and Ask

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  42. If people want to understand my philosophy and all of this, they have to understand growing up In the nineteen fifties and sixties,

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  43. There's no 9 11 fund. And I am dubious about the wisdom of creating special taxpayer funded programs. We didn't do one just for certain people.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  44. Hopefully. I don't think you want the taxpayer. Be funding compensation for certain victims and not others. Bad things happen to good people every day in this country.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  45. That's the Zadroga program. Yes. Well, that's an offshoot of the 9-11 fund. In other words, elementary fairness. I can see that. People got paid for those very diseases back then, but now they have manifested for more people. So the only reason they weren't paid back then is they hadn't become ill yet. Now they're ill. So if you paid them then, you should pay them now. I can understand that argument, I guess

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  46. That's it. That's sui generis. That's it. But still, I tell people all the time, 9-11 don't ever replicate that fun. That was using taxpayer money.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  47. Because she's right. She's raising a very good issue. Now, I must say the 9-11 attack, that was something unique in American history. I think that's rivaled only by the Civil War, Pearl Harbor, and maybe the assassination of President Kennedy. That's it.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  48. This is Jones. You're absolutely right. Ask Congress why you're not eligible. I can't change the law. The law is the law. I have no discretion to add people from ninety three or Oklahoma City or drowning victim. I can't do it. I can't. And your beef is Justifiable criticism is with the Congress of the United States. They enacted the law.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  49. Mr. Feinberg, I don't get it. My daughter died in the basement of the World Trade Center in the original ninety three attacks committed by the very same type of people where's my check? And it wasn't just terrorism. Dear Mr Feinberg, last year my wife saved three little girls from drowning in the Mississippi River, and then she drowned a heroine. Where's my check? You better be careful about setting up special programs for just certain people. That nine eleven fund was the right thing to do. Absolutely. Don't ever do it again.

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source

  50. Well, don't forget of all these programs, the one that is the most unique, they're all unique, but the one that's really unique is the 9-11 victim compensation fund, that fund used public money. Public money, not airline money, not World Trade Center money, public money. And I remember some of the emails I received. Dear Mr Feinberg, my son died in Oklahoma City. Where's my check?

    2015-10-09 · Masters in Business · An Interview With Ken Feinberg: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source