. >> ken feinberg is the go-to guy for thankless jobs, america's arbiter of human suffering. >> why don't you open up the purse strings? >> his assignment deciding who should be paid for damages from the gulf oil spill, was one of his toughest yet. they really go after you. >> they do, but it goes with the territory. >> it may be the greatest rescue operation since noah's ark. a billion people watched as 33 chilean miners trapped for 69 days half a mile underground stepped from darkness into light. [cheers and applause] >> if ever there was a story with a happy ending, this was it. [men chanting] but when we visited the miners several months after their rescue, we found many were struggling. for example, alex vega was building a wall around his house, though he couldn't explain why. >> on march 11, 2011, japan was hit by a tsunami that rewrote history. it was triggered by a 9.0 earthquake that helped set off the biggest nuclear emergency since chernobyl. >> this is unprecedented, you know, uncharted territory, that the consequences could be greater than we expect. >> welcome to 60 minutes

ken feinberg joins us live later on. why time warner's ceo, bewkes, could eat his words with netflix. futures this morning, steady action, and draghi is on the tape. more "squawk on the street" live from the post nine at the nyse in a minute. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. bewkes. >>> netflix posting on facebook yesterday, quote, last quarter we passed hbo in revenue, we are making progress. hbo rock, and we are honored to be in the same league. this is turning out to be boeing, air bus, pepsi, coke. >> i like that analogy. reid hastings, when i was a homicide reporter, this guy is good copy. he cannot resist and posts this stuff, but basically, one of the things that came from t

they make the exception of the two point-some million cars that they are including in ken feinberg'sions of other cars from a lot of which have been recalled for the same reason, by the way? to pick one have been recalled for faulty emissions which problems, and people have been injured in accidents in these cars as well. why do they not include those in their unlimited compensation fund? >> we haven't got a good answer to that. as you point out, other cars have been recalled for the same ignition switch problem but gm will not pay victims who have been injured from those faulty switches. >> are you concerned mainly with people who have been injured, or worse, families of victims who have died in these car accidents, or are you also represented people who claim to have economic value lost due to the issues? >> i have been appointed to lead the charge for both, both the injured victims and for people who claim economic loss. >> are those separate classes, though? or do they all fall into one class? >> they fall into one preceding. -- one preceding. all the testimony taken from a perso

ken feinberg thank you for coming on. we look forward to talking to you again about this. thanks for your time. >> thank you. gerri: and these are the very forms that mr. feinberg was talking about, what victims' families need to fill out. you're going to find them on our website, gerriwillis.com. how to fill them out, what you need to know, go to gerriwillis.com. >>> a deadly ignition switch playing problems in general motors and turning up in guess what, motorcycles. harley-davidson recalling 3300 dinalow rider bikes. the engine vibration with switches shutting the engine down, dealers are replacing the parts for free. the recall covers bikes from the 2014 model year. >>> and still to come, a lot more this hour including your voice, that's why during the show we want you to facebook or tweet me or send us an e-mail at gerriwillis.com. at the bottom of the hour i'll read your tweets and e-mails. >>> how he went from being a rock 'n' roll drummer to modeling mogul? his fascinating story after the break. we never thought we'd be farming wind out here. it's not just building

that is why ken feinberg will independently administer a compensation program. mr. feinberg has talked about his compensation program. it is, however, worth noting that he has complete and sole discretion over all compensation awards to eligible victims. and this is very important. there is no cap on this program. as i stated earlier, we want to do all that we can to make sure this does not happen again. we created this compensation program as an exceptional response to a unique set of mistakes that were made over an extended period of time. the valukas report was only a start and many changes were in motion even before we received the findings of of the report. i will use the reportaries findings and recommendations to attack and remove the information silos wherever we find them and to create an organization that is accountable and focused on customers. i'm committed to acting on all of the recommendations contained in the report. actions we have already taken include elevating safety decision making to the highest levels of the company. i've created a new positio

ken feinberg, the man tasked with evaluating those claims joins me coming up next.st courtney reagan has the market wrap up. >> going into tomorrow, it was a rally day on wall street, the dow finishing higher by more than 91 points. the s&p closing up by 19 and the nasdaq adding nearly 45 points. that's it from cnbc, first in business worldwide. so factors ln negatively impact good bacteria? even if you're healthy and active. phillips digestive health support is a duo-probiotic that helps supplement good bacteria found in two parts of your digestive tract. i'm doubly impressed! phillips' digestive health. a daily probiotic. revolutionary by every standard. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never before. after all, you can't turn dreams into airplanes unless your passion for innovation is nonstop. ♪ unless your passion for innovation is nonstop. [meow mix jingle slowly anright on cue.cks] [cat meows] ♪meow, meow, meow, meow... it's more t

ken feinberg, he has a lot of experience. he did 9/11, he did the gulf oil spill.knows how these victim compensations funds run. probably a very good move for general motors. tell me what you think happens now. >> so, people were able to apply as early as today, and folks were expecting hundreds of applications today. in fact, mr. feinberg said that he thinks that the next three months are when people will apply and then there will be a bubble at the end in disease. one o--in december. one of the things about this, if you apply and considered complete you can get your compensation between 90 to 180 days. we could see the first payouts coming by the end of the year. >> general motors would like people--when i said that general motors is encouraging people who think they have a claim to make that claim, they want those claims in this fund because every claim they pay out interest there means that it's not a claim they can be sued for in court. >> that's right. so if you agree to accept the check from the fund, you give up your right to sue general motors later on. on

. >> ken feinberg is the go-to guy for thankless jobs, america's arbiter of human suffering. >> why don'tpen up the purse strings? >> his assignment deciding who should be paid for damages from the gulf oil spill, was one of his toughest yet. they really go after you. >> they do, but it goes with the territory. >> it may be the greatest rescue operation since noah's ark. a billion people watched as 33 chilean miners trapped

some of the people he worked with in washington -- tim geithner are and hank paulson before and ken feinberg but then jim muhlstein helped them out with the turnaround and sarah dahlgren at the new york fed. what has happened to some of these people? >> they have all gone on and survive the crisis themselves hlsteine on to -- jim mu is back on wall street. they had to deal with bob benmosche at his toughest moments when he was seen showing off his beautiful home in croatia to reporters a month after he was on the job. he caused them tremendous heartburn and pain. they saw in him the best opportunity for taxpayers to recover their investment. they recovered the 182 the lien dollars plus about $20 billion more. at the same time, as successful as he was in terms of that job, you also have to look at the larger picture. if you ask americans today should aig have received a bailout, i bet you 100% that the majority would say absolutely not. if they were presented with the same question if they should be saved in the future, they would say no. there is a bitterness what happened with aig and the s

that is why ken feinberg will independently administer a compensation program. mr. feinberg has talked about his compensation program. it is, however, worth noting that he has complete and sole discretion over all compensation awards to eligible victims. and this is very important. there is no cap on this program. as i stated earlier, we want to do all that we can to make sure this does not happen again. we created this compensation program as an exceptional response to a unique set of mistakes that were made over an extended period of time. the valukas report was only a start and many changes were in motion even before we received the findings of of the report. i will use the reportaries findings and recommendations to attack and remove the information silos wherever we find them and to create an organization that is accountable and focused on customers. i'm committed to acting on all of the recommendations contained in the report. actions we have already taken include elevating safety decision making to the highest levels of the company. i've created a new positio

>> as of yesterday, ken feinberg told me they had received 212 total claims, of those 87 or for people who were in fatal injuries. the key thing to remember, they have not done any of the approvals, these are the first stage of the review. as set forth simpler claims, the nonfederal claims and it will take in about 90 days to make a determination. with the federal claims it will , since the180 days victims compensation fund will accept claims to the end of december, potentially the fund could be up and running through the middle of next year. at the same time there's a federal court in new york who is overseeing over 100 lawsuits covering more than 1000 items for a variety of ignition switch related claims, not just injuries but also economic loss claims. >> meanwhile the recalls go on. the headline in a piece you co-authored in the detroit news, largest forhe saturn vue, 66 so far. what is the company doing in terms of addressing additional recalls? >> is pretty staggering. u.s. auto industry, all companies both foreign and domestic recalled a record 30.8 million vehicles. the industr

that is why ken feinberg will independently administer a compensation program. mr. feinberg has talked about his compensation program. it is, however, worth noting that he has complete and sole discretion over all compensation awards to eligible victims. and this is very important. there is no cap on this program. as i stated earlier, we want to do all that we can to make sure this does not happen again. we created this compensation program as an exceptional response to a unique set of mistakes that were made over an extended period of time. the valukas report was only a start and many changes were in motion even before we received the findings of of the report. i will use the reportaries findings and recommendations to attack and remove the information silos wherever we find them and to create an organization that is accountable and focused on customers. i'm committed to acting on all of the recommendations contained in the report. actions we have already taken include elevating safety decision making to the highest levels of the company. i've created a new position

. >> as of yesterday, ken feinberg told me that they had received 212 total claims. 87 of those are for people in fatal injuries. the key thing to remember is that they have not done any approval. these are the first stage of the review. they said that for simpler claims, the with the federal claims it will take up to 180 days, since the victims compensation fund will accept claims to the end of december, potentially the fund could be up and running through the middle of next year. at the same time there's a federal court in new york who is overseeing over 100 lawsuits covering more than 1000 items for a variety of ignition switch related claims, not just injuries but also economic loss claims. >> meanwhile the recalls go on. the headline in a piece you co-authored in the detroit news, gm recalls the largest for saturn vue, 66 so far. what is the company doing in terms of addressing additional recalls? >> is pretty staggering. in 2004, the u.s. auto industry, all companies both foreign and domestic recalled a record 30.8 million vehicles. the industry today has recalled about 45 million