-- joining me on "leaders executivea," chief kaeser.of siemens, joe

thank you so much for speaking to bloomberg. can you tell bus that first day started at siemens? intoremember i was coming siemens. i said oh my god. appreciationsd for everything. anymore.now nothing i got the experience. >> do you remember going into it. you think? >> there was opportunities. i was interviewing at different places. time.siemens at that it was still including semiconductor business.

>> how has the country changed? >> it's like day and night. it was about production and efficiency.cost there was focus company. markets andabout customers. inside and out. rather than outside in. lot as changed. favorite days?r team comes up great, that's the day. thing that cant happen to you. people are happy and they to getate what they do the reward. >> how do you measure success? ways to are several measure success. you promise something and you make good on what you said you will do. that's accountability. floor.the ground the icing on the cake about

success is what people talk to you. about you to different people. what really's matters. orther you make the numbers or bad.will be good after generation, people say, that guy actually -- he made actually --s but >> talking about innovation. what will siemens look like in years. to much do you have innovate. >> life will accelerate, solutions.d likely become more intangible. there will be much more integrations and putting bits together. of products i hope the world will have

become a much better world than have today. ♪ >> few companies have gone technologicaly and industrial revolutions as siemens. it helped lead them with the advents with wireless communications. but now, siemens is investing billions is making sure its visual.s they use artificial intelligence emission. concerned or worried about the pace of change if you look at last ten years, gone so fast.ve you can't possibly do that over years. >> that's probably people years ago also. people are naturally concerned future.e for the question really is what

innovation. not so much what technology can do. all those three actually made this planet a better planet. made this society a better society. that's the part of it. change is theto speed of this change going forward. the human society may not be deal with that speed. what i'm really concerned about don't make this revolution to be inclusive to as well phasey by dividedllenges population. leads to populism. populism leads to nationalism. go down to where it used to be 100 years ago.

>> do you think it will be more problems to provide solutions for because of this rate of change? onlyople believe it's virtual type of things and sophisticated, invisible clouds. true. not people confusing innovation with globalization? >> good question. be. speed of technology what they rootis they believe the cause is globalization. but actually isn't. around. other way -- you havectually

always on atyou any point in time. anyone onlk to almost the planet realtime. benefit.ectivity is a that's globalization as we speak. we like it. you're negatively affected by like it.n't >> it was pretty controversial to see vladimir putin couple of years ago. are you ever concerned being controversial?

>> your customers, business few days over the past have great coverage about siemens. personnel and crisis and related business matters. that is not what it is. be.is it what it should >> joe kaeser made the state chieftaking over as executive at siemens. it said a lot about his appeal leader providing clarity, during confusion and stability and unrest. last four years trying to simplify the complex company. of the you overhauled. are you pretty happen in the where it is? >> i'm happy. i'm happy what i see in terms of our people get into it.

whatt takes ownership in we do. it's my job which i own. i'm responsible. lot of confidence. geto you think investors confused because you're such a big group. if i try toonfused explain it too much detail. then i know i need to shut up. went too deep. don't confuse them with the details. they're goingway to be as a commitment. over time.r you?at exactly drives >> at the end of the day, society. i live for society. asneed to be more inclusive society. we can't afford -- the haves and

have nots. have strongto ideals. is that also why you empower your employees -- [indiscernible] >> there's two aspects. of all, if you're having a you own aimagine asiness, your business, maybe different continent from your parents. natural desire. natural desire that you want to give that business to your children in a better shape. are exceptions. this is probably what the natural desire is. inherently you build in a term nable element of long term. company. i am long term oriented. do the best.

matter who we are and no beter what you do, you'll fine. in meeting rooms, we have to say, hey, what did we discuss today? much pressure on .eaningful debate it's very cool. >> does that mean that you worry term?short >> in business more in america? >> it's only a matter of time. are being invented in america. that? do we change you trying to change it from within the company? >> you need to be successful in the short term. out on the long term. tos is a balance you need

strike. you can keep the difference the short term aspect and the long term aspect. the distanceeep very close. this is a performance gap. >> it was pretty controversial see vladimir to putin couple of years ago. are you concerned being controversial? >> the intent was not to be controversial. march 2014 joe kaeser med with russia's president vladimir outside his resident moscow. annexedays after russia cry mia. crimea.-- outcome was complicated. didn't know that president obama and the european leaders had the

same time meting. have a press would conference. since the american president just didn't bother telling nice appointments. unfortunate timing. interview and that was .rimea i was asked how the hell could even go so this person. [speaking foreign language] >> i said it's good to talk to and not about each other. i was committing to all these people. crimea and this is

territory. we have been through with the russian people in two world wars. this is kind of temporary issue. thishappened was, you know well, what was the news on the media? two world warst material.maybe not as that was big bit unfortunate. was, i said i made a theitment to industrialize country. that was the intent. learning.e was talking to each other in any sort of crisis, is more

important than talking about each other. that never helped. >> does making america great again necessarily mean that the rest of the world becomes worse?

>> thank you very much. such a great honor to get to know you and to be with you. i want to thank all of the who have joined us. executive joeef kaeser was one of business leaders to the white house in march. employs 50,000 people in america and is one of biggest foreign investors. but the visit came against the backdrop of uncertainty

president has been less than complimentary about german trade. will come outink of the trump administration? is out.ury the beginning of the first year. years.d be up oeight trying tove that he's do right thing for his country. the style is different what to in the past. europeans tries to look into what matters to them and what doesn't. got this issue with russian collusion or any other it's just business. trade.opic is about

interacte -- how we together in manufacturing. incializing on certain tasks the world. believe tomethod i determine with the trade .eficits >> which is what? they like to have. better be mindful about what are.e desires goods andces our products to any american customer. they want to buy it because they good.e it's it'se end, we believe about innovation. it's also about a fair sort of with each other. out if fewsort

misunderstanding. find a way to work together. >> does making america great means that the rest of the world becomes worse? >> i think that's a point. of hard working u.s. citizens have been left behind andnternational commerce together, we can shape a future have all of our citizens path to financial security. the president. you got to respect the office. america is great. a great country. it's the leading economy in terms of next generation manufacturing. googles and microsoft are leaders.

this is a great country by any means. honestly, the greatest of it has frees been it was a country. there's nothing wrong with america first. is, if gobe wrong from america first and america only. complicated. there's still 7.2 billion people around the 300 million in this greatest country. a bit of confusion not everyone understood. >> is europe great? >> it has challenges. fiscal union. europe has seen the directions.ms of seems that the sentiment is more integrating. concernse forget the of populism in europe and it

years?ack uglier in five >> i'm encouraged people -- this going my way. stood up. more people going to elections vote. this is what most encouraging of it to me. it'se say, other people, time to really take that into our hands. that's quite positive. >> how do you see china? >> chinese sit down and smile. doors?nd closed >> look what happens. western world. china say hey, if there's no lead anymore, global like that,hings

[indiscernible] 65 nations signed up for already. than 65. said look, it has brought trade and all that good stuff. again. build it if you take this one step tother, think about it, 65 100 nations, the rest in the world doesn't exactly know how andeal with global trade things like that.

what fair trade is all about. going to be just one. may as well be the new wto. >> such a big economy. they're trying to move super tanker. bump asoing to see a tries to become a more consumption led economy? >> i think china does not accept the democratic state in a way. is very clear, very outgoing. very little opinions about what be done and should not be done and things like that. they're very effective in what do. >> do they have a good handle on it? >> i wouldn't say it's good or bad. and thisuman rights and that and challenges

associated with that. far very effective. >> joe kaeser thank you so much. whoooo.

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