bertolini, you've pushed me to do this. can't get to 16 but i would like to move up on the wage scale for my employees. i believe there are a number of employers who will come out in the next six months. i hope we can start from the private sector side a dialogue and improve the middle class as a result. so with that, adam, i will take your questions. [ applause ] >> it makes so much sense when you say it. i mean this is the trap any of us talking about things get into is you see the little light go on and you say, yeah, the accounting system is biassed against investing in human capital. why didn't i think of that. can't we do that. i guess the real question is that we're coming off a ten-year period in which accounting gains along with corporate ceos have not had the best reputation. so you've chosen to focus on this because it reflects the kind of mind-set that you think underlies a lot of other corporate's decisions. can you say a bit more about as someone who has worked in finance, as someone who has worked in a fortun

we will reconvene in 15 minutes for an address by mark bertolini, ceo of aetna, member of the inside stoout's board. lunch is here for those of you in reality. those of you on the web and c-span have to go feed yourselves. and another round of applause for our colleagues, justin, jacob, damon michael who did a great job today. [ applause ] >> here are some of our features programmed for this weekend on the c-span networks. on c-span 2's book tv saturday at 10:00 p.m. eastern on "afterwords," president of americans for tax reform grover norquist says that americans are tired of the irs and our tax system. and sunday night at 8:00 author susan butler on president franklin roosevelt and soviet leader josef stalin, allies during world war ii, and their unexpected partnership beyond the war. and saturday night at 8:00 eastern on american history tv on c-span 3, on lectures in history, university of virginia's college of wise professor jennifer murray on how civil war veterans' reunions have changed from the reconstruction era to present. and sunday afternoon at 1:00, american history tv i

we will reconvene in 15 minutes at 12:15 for an address by mark bertolini. lunch is available for those of you who are here in reality. those of you on the web or on c-span have to go feed yourselves. just another round of thanks to our colleagues. [applause] >> on the next "washington journal we'll talk to nancy cook about long-term unemployment and the economy. then we will discuss presidential campaign fundraising rules and senator rand paul announcement. later, the american press institute about the rolling stone magazine university of virginia rape story. "washington journal" is live each morning on c-span. you can join the conversation on facebook and twitter. each night this week at 9:00 p.m. eastern conversations with a few new members of congress. >> when you raised your hand and took the oath of office, what were your mom and dad thinking? >> i knew my mom would be crying and my dad was proud. my dad is 82 years old. he showed up. he usually walks with a cain and he showed up and he didn't have his cain. said dad, do i need to send someone to your

. >>> next, aetna ceo, mark bertolini discusses income and equality and raiseing the minimum wage. his remarks came during and event hosted by the peterson

[applause] mark bertolini: good afternoon. a little bit about who i'm not. i am not an economist. i will offer those apologies of friend. i am also not your typical ceo. i am probably one of the quickly vanishing examples of living the american dream. i paid my own way through college, working for three different unions. i came from a union family. my dad and mother both worked part-time so we did not have insurance most of the time. my dad was a pattern maker in the auto industry and my mother was a nurse here it it took me years to get through undergrad because i was curious. i was fortunate enough to get a scholarship to cornell where i intended on going back to work in the auto industry and unions, but was enticed to start an hmo with four friends of mine. here i am in front of you to talk a little bit about why we did what we did. at aetna. and more importantly, why we think corporations have lost their way. there is a big story in all of this that we can have a real impact. i took this job as ceo of aetna four years ago, and i said, i have three goals. i am the 14th chairman

. >> mark bertolini, ceo of aetna. >>> shares are moving lower. what's going on?about 4 1/2, almost 5% now towards their lowest levels today. what has happened the reason why you're seeing this spike lower is that there has been a possible leak of its earnings report. now, this is all coming from a financial intelligence and data firm called solarity. they tweeted out on their twitter feed they have actually seen the twitter numbers. these are not confirmed, again, not confirmed numbers. these are from solarity saying that q1 earnings, gap earnings were 7 cents versus 4 cents expectations. they also talk about the idea that their revenues missed analyst estimates coming in at $436 million versus estimates for $457 million. they also talk abouten monthly active users. again, these are unconfirmed reports from a company called solarity that tweeted out the earnings possible again, results results. we have reached out to both twitter and solarity for a candidate. cnbc has yet to hear back. that is what's causing this sharp intraday move in the stock. we're going to s

[applause] mark bertolini: good afternoon. a little bit about who i'm not. i am not an economist. i will offer those apologies up front. i am also not your typical ceo. i am probably one of the quickly vanishing examples of living the american dream. i paid my own way through college, working for three different unions. i came from a union family. my dad and mother both worked part-time so we did not have insurance most of the time. my dad was a pattern maker in the auto industry and my mother was a nurse. it took me years to get through undergrad because i was serious about it. i was fortunate enough to get a scholarship to cornell, where i intended on going back to work in the auto industry and unions, but was enticed to start an hmo with four friends of mine. here i am in front of you to talk a little bit about why we did what we did. at aetna. and more importantly, why we think corporations and leadership and corporations have lost their way. there is a big story in all of this that we can have a real impact. when i took this joeb as ceo of aetna four years ago, and i said, i

the only once but they were the big ones starting this year it which is why we bother to have mark bertolinicome. but more important, you know, i think i asked all the panels unethically asked outside guest to talk about how this went to minimum wage. i think it was right to go there but want to also stress what we are talking about in terms of the so-called osha and low-wage sector, or voluntary basis for low-wage sector. berkshire people at the minimum wage are people who are young or part-time or who have little attachment to work. there are reasons i personally am in favor of large and wage hike and reasons why you might want to do that. but i think it is reasonable to think about the millions of people who are sort of working class were in jobs who may be slightly less precariously held at the potential to be long-term if not permanent jobs. and/or full-time workers and are often has a household. the issue is whether or not there is an economic case to be made as well as a business case as well as a pr case. we are here for the economic case. that company should be investing more in tha