credit for cloud. >> satya worked for balmer as the head of server and teals that evolved into cloude balmer doesn't get enough credit for that stuff as for what he was saying about the d.o.j., legislative mechanisms i take that as a euphemism for stop trying to shake us down for back rooms federal government there should be clear guidelines and rules that citizens and companies can understand for how this is supposed to go and even appeal if they need to. >> the climate change situation is certainly key especially when he pulled it into the esg debate that's been rippling across corporate america and wall street as we get ready for davos next week it's the going to be big on the docket there >>> finally, how about amazon chief jeff bezos making his red carpet debut with girlfriend lauren sanchez they were in mumbai for an amazon prime event that's the two of them there it brings me back to the rental debate where men are concerned when i see a very statementesque jacket like that. >> i am thinking he did not buy that on amazon i am going to go out on a limb. >> well, third party >>

safe travels we're looking forward to tomorrow the guy totally invented the company from steve balmer. >> he is amazing thank you so much. >> safe traflts, jim "mad money" tonight as well. kantor that lake at stitch fix and big show with jim at 6 eastern time. >> could satya nadella be the ceo of decade. >> should be if you think about it, ibm -- people talk about ibm legacy business, the aircraft carrier in the middle of the ocean impossible to turn around. but microsoft is the same company and figured it out the knock on ecstatic microsoft that leaves levels if there is a knock at 28 times forward earnings, getting expensive. but you know what, it's seemingly growing into that valuation every single quarter. >> you had a negative headwind we always talk about price is truth on the show. you had a negative headline today. the stock does nothing but go up green on the day popped through a major resistance point was 150. popped there above 160. it's a different company now they're moving into what they should be moving into and they're moving aggressively there. they're going to where

i give you randy balmer. [applause] randy: thank you for that kind introduction. it's wonderful to be back here. i did a lot of archival work at the carter center and the last time i was here the museum was being refurbished and i spent more than three hours this afternoon going through the exhibits. the guards had to chase me away. i was engrossed by it to them -- by it and it was quite a remarkable experience. i probably learned a few things that i didn't know before going through that museum. i want to talk about carter tonight, obviously. i want to tell you first of all my interest as indicated. i went to a small college in northern illinois. not weaken college. i was not good enough to get into that. wheaton college. i was not good enough to get into that. i went to a small school called trinity college in deerfield, illinois in the 1970's. and it was during my time as an undergraduate at the jimmy carter burst out of the natural scene. i had grown up as an evangelical and was attending an evangelical college, and what was so remarkable to me is that he talke

after he left as commissioner, steve balmer bought the clippers for $2 billion.ion was incredible. the sports stars shared that as well. the average salaries went from $250,000 on average to more than nine million dollars on average. we know megastars made hundreds of millions of dollars in salaries. that is in addition to obviously all of these fantastic contracts they were getting in terms of endorsements. that is where his genius lies was in the marketing, expanding the nba into an international audience. charles: we have to say, essentially he was ceo. when you start to rank ceos of the last 20, 30 years, he is in the conversation. he had to get the players to buy in. it wasn't always easy, with the dress code and some other things? >> yeah, absolutely. i think that is one area that a lot of people are really remembering him by. not just the business legacy, but the fact he was an ally for the players. i think the biggest example of this is what he did with magic johnson, after magic johnson announced he had aids and we didn't know a lot about it, he allowed

and microsoft choosing satya nadella and interestingly, i also look at the steve balmer era going into a dinosaur and they ever going to be any good. he didn't do anything right. it turns out, he didn't do everything right but he did many things right so as an investor you have to be careful here because ibm could be so -- >> well, i don't know the inner workings of ibm well enough to be able to say that specifically yes, they missed timing wise a bunch of transitions, particularly cloud they were trying to talk ai. >> i'm not sure that aggression alone is ibm's problem either they have to restructure so that some of the legacy businesses that are big revenue and big profit get moved to the side or find some different way to report numbers or tell the story. so that that gets rationalized but up to this point they have been focused on how they tell the story. i don't think the motion of how to tell it is really the issue. >> you think they're going to tell the story fundamentally do you think he's the guy that's going to go in there and say this, this, and this. >> these kinds of trans

frankly, you know, it's sort of -- the guy who guy who gave me permission to do all this was steve balmer. he wanted us to be bold and go at the cloud very aggressively and that's what we did one of the key things he did was we didn't think about azure separate from microsoft 365 or dynamics 365 or even xbox live or x cloud we had a vision. after all we're computing infrastructure and platform company. what is that next generation and by the way, i was always grounded on the fact that it will be a distributed computing infrastructure it's the cloud and edge. for example, one of the fascinating things is i used to talk about the edge. in fact i started talking about the cloud and the edge four years ago and people said what is he talking about. except now it is the conventional wisdom. that's what it takes i think you have to have conviction on where the world is going, make sure you bet long before anybody gives you credit for it, and then of course execute. and that's what we have done and every layer of the stack, at the infrastructure level, platform as a service, saas layer, and that'

it's a pleasure for me tonight to introduce randall blamer who balmer, who is the family professor of arts and sciences at dartmouth college. i have followed his career for a long time. his undergraduate work was done where my father and my brother attended that school at the same time, and randy has turned into one of our great modern american historians. one of the things that makes him great is that he minds the resources of the presidential libraries.