[ticking] you describe bill gates in very harsh terms. um, you've described him as being quite abusive. i mean, it's not a pretty picture. >> and i felt like when i wrote it, i should just tell it like it happened, in an unvarnished way, warts and all. >> you'll hear how the two high school buddies who started microsoft and a computer revolution had some pretty trying times along the way. do you think he came to think that you weren't working as hard as he was and it became a source of resentment with him? >> well, i think he was always pushing people to work as hard as they possibly could. >> you included. >> um, maybe me more than everybody else. >> you talk about his yelling--screaming. >> uh, there was a lot of yelling. >> you guys never understood! you never understood the first thing about this. i mean, there's no way. >> we'll figure it out. >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebo

bill gates is terrific but, you know, he's -- there aren't a lot of bill gates. >> there's bill gates hps, but there's not the big elephants. apple is the biggest exception. there was very little philanthropy out of that company. >> there's one person i know is hoping we're wrong, jerry brown. maybe the state could get some of it. well, that is all the time that we have for tonight. we could keep talking about that. my thanks to you all for joining us here this evening. we hope you'll visit us at kqed.org/this week. that's where you can watchful episodes, subscribe to our news writer and pod cast and share your thoughts about the program. i'm belva davis. good night.

bill gates got to start microsoft without an income tax.this is something you hear a lot, that they find it curious gates is supporting an income tax now. >> i believe the gateses have already made most of their money, so they wouldn't be taxed under a new income tax structure in our state. >> they wouldn't be taxed at all? no. >> well, for people who have already made their money and paid taxes in this state, that money wouldn't be taxed again. it's only for people who are earning new money in this state. >> well, that's ridiculous. i mean... i mean, my son will pay a huge, huge income tax. >> he will? >> come on. he's the richest man in the country. what-- >> no, but i'm asking-- >> how can anybody think he isn't gonna pay a huge income tax? >> what is the income-- >> what does a person with $50 billion have for income? >> it's on-- >> this conversation isn't making any sense. >> bill gates would pay multimillions in taxes on the income from his investments. he wants to. he's told you that. he's for this. >> well, "wants to" is a little s

this is really for bill gates. i want bill gates to pay his share. he can do this if we remove the cap. but there are many people above that level as our society has become more unequal. there are more people at the top earning those high salaries. another possible pay for is slowly increasing social security contribution by a share of percentage point over 20 years. you could start at 20 years. most times when we revise social security revenues, we put it off into the future so people have a chance to adjust to it. this is just one way of doing that. there's a relatively small one, but it could grow over time. we have a lot of ways of escaping -- putting part of your salary away that you don't pay social security on. 401ks is not one of them. contributory systems, you do pay social security on that money that you put aside. but if you put aside money for child care or health care expenses, other things in flexible spending accounts that are allowed by the law, you're not putting social security away on that money. and so this would restore all of th

he admits, he doesn't understand technology and i've never heard bill gates comment on warren buffett's area. she got it out of him. >> should we heed what mr. gates has to say? marty, what do you think of the market here? >> i think stocks will drop around here. i think we need incentive it take the markets it a higher level. but i think we will get it by the end of the year. we have political uncertainty, european uncertainty. but the values there are and the cash supports equities. >> so are you saying get in now or wait. >> i think if you take advantage of the down days. i'm sure we will have another down day or the market. >> you think? >> people were hoping today would be a down day. >> you have to be impressed with the resilience of the market. and slow economic growth from friday's jobs number. >> right. absolutely. market seems to have factored in for the short term, the results from the elections. and seems to be on track to accommodate monetary and fiscal policies. >> bob, i'm walking the floor here as you do. i couldn't find a trader who saw this coming. i add co-anchor who

when said bill gates is going to build a school. what you want? we expected fantastic ideas of technology and an x box in the bathroom and all of these ias from students who are hungry for technology. what we found his parents said i want my child to be safe. safe inside the school as they walked to and from school. students said the same thing. i want to feel comfortable learning. comfortable going to and from school. that was almost a punch in the gut to say it does not require throwing assumptions to problems. you have to connect to what is going on in the committee to face and make him tax. -- impacts. tavis: how is what is happening inside the school for the real world? whenever you offer inside the beautiful structure we saw a moment ago, in the minds of some, it pales in comparison to the challenges they face in their streets, in their homes, as a closing question, i asked whether or not that is hard to process every day, no matter what you are doing on the inside, so much of what is holding them back is the outside. >> it is absolutely tru

bill gates. >> reporter: in an e-mail that praises her talents, buffett told us, bill gates and i are a point off her. but they have made one point -- affecting her future plans. >> before i wanted to be a teacher or maybe a doctor. now that i've been to three berkshire hathaway meetings, i think, oh, business sounds really fun. >> reporter: some day ariel may handle returns on investments but for now, these are the returns that matter most. john blackstone, cbs news, san jose, california. >> wish i had uncle warren and uncle bill around. >>> coming up after your local news on "cbs this morning," the latest from chicago in the nato summit. we'll hear from rhode island senator, jack reed, a member of the armed services committee. plus, we'll go to joplin, missouri, to mark this week's one-year anniversary of a tornado that killed 161 people. and "jeopardy!" game show host alec trebek stops by the studio. that's the "cbs morning news" for this monday. appreciate you watching. i'm terrell brown. take care. have a great day. ,,,, >> facebook ipo did not go as planned on friday. w

. >> warren buffett has spent time talking to ms., but bill gates has spent more time with him. gates is here this weekend and we got to talk to him about what he thinks about mark zuckerberg. listen. >> mark's done an amazing job and he and i have had a chance to talk, and it's very impressive. >> does he remind you of yourself? >> in some ways. you know, his company is doing a different thing, but he works long hours, he's a harvard dropout, he's very logical in his thinking. and he's willing to pursue his view of the world, even when it's not sort of faddishly popular, and he's got a vision of where he wants to go. >> now, when we were watching stocks this morning t tyler, the futures were under quite a bit of pressure, the dow was down about 90 points, things have turned around since then. when but the et said he wasn't bothered by the lower futures. he said it was good news for him because he planned on buying stocks today. he told us he bought 60 million in equitities on friday, he said the more stocks go down, the better he likes it because he gets more for his money. >>

bill gates. >> in an e-mail that praises her talents, buffett told us bill gates and ri still searching a point off her. but they have made one point, affecting her future plans. >> before i wanted to be a teacher, or maybe a doctor. now that i have been to three berkshire hathaway meetings now i think oh, by sound-- business sounds really fun. some day she may handle returns on investment, but for now these are the returns that matter most. john blackstone, cbs news, san jose, california. >> jeff: that is the "cbs evening news" tonight. later on cbs, 60 minutes. i'm jeff glor, cbs news in no. scott pelley will be here tomorrow. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >> coming up next on wjz eyewitness news, the high profile case of trayvon martin comes to light. his mother opens up in court. >>> a big earthquake hits italy and now several are dead, more hurt tonight the search for survivor. >>> and ,,,,

bill gates. >> reporter: in an e-mail that praises her talents, buffett told us bill gates and i arey to get a point off her. but they have made one point, affecting her future plans. >> before i wanted to be a teacher, or maybe a doctor. now that i have been to three berkshire hathaway meetings now i think oh, by sound-- business sounds really fun. >> reporter: some day she may handle returns on investment, but for now these are the returns that matter most. john blackstone, cbs news, san jose, california. >> jeff: that is the "cbs evening news" tonight. later on cbs, "60 minutes." i'm jeff glor, cbs news in no. scott pelley will be here tomorrow. good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org >>> the ring of fire visible from the bay area what is the sun and moon cross paths. >>> there was a lot of alcohol i think was nice >>> not exactly a resounding endorsement but exceptional complained compared to complaints from last year's debate breakers. californians asked to choose sides. what is really at,,

town folded into the swiss alps called davos, a village where you could bump into bill clinton, bill gatesthe queen of jordan, all waiting in line in a coffee shop. 2010 marked the 40th anniversary of what may be the most important meeting on earth: the world economic forum. and scott pelley was there to hobnob with the kings and captains of industry. >> the world economy is traveling a dark and troubled stretch, but if there's light at the end of the tunnel, you might see it first in davos. this is the scene of the world's summit meeting: five days each january, when 2,500 capitalists, globalists, and futurists discuss the fate of earth's other 7 billion inhabitants. within minutes you'll run into billionaire financier george soros, nobel peace prize winner elie wiesel, computer tycoon michael dell, and her majesty queen rania al-abdullah of jordan. i was down in the lobby of the hotel last night, and i noticed that you were talking to president clinton, and while you two were talking, bill gates walked by. i mean it's that kind of place. >> it is, and i find that a lot of work gets done

>> bill gates has been here. >> bill, jimmy buffet. >> and now the becky quick.d a nice job there. >> you're the first female, i believe. >> here is something to do. next time you come here, make sure you come here, too. >> i'll have to work on that. i don't know if i'll qualify. you're the first female so they are doing better than augusta at the moment. >> warren, thank you very much for joining us for these three hours. it's been a very busy weekend. we love having these chats with you. >> i had a lot of fun. thank you. >> we really appreciate it. guys, we'll send it back over to you. >> excellent, thank you, becky. he talks all weekend long. >> i've got to tell you, he has more energy than i do, i can tell you that. it's a remarkable thing to see at any age. >> i notice when i ask him that question about obviously there is not a whole lot of retail excitement at this point, i think we are all, maybe a lot of people are gun shy. he wants to say, yeah, this is a great time, but he doesn't say it that stridently because he doesn't want everyone to know i think h

of this is it a serious threat to google for example well i believe you look at things the way bill gates did but remember gates came into his heyday in the late eighty's or early ninety's he said his biggest fear was two or three pimply faced kids in a garage and not necessarily some big for him of like i.b.m. because the big we have this have the power and economic resources and political resources but they don't have the ingenuity with that being said apple would not be in their right mind if they didn't fear. facebook because of youth dexterity speed etc the issue is. anybody else could be a threat as well. ok and just as much of a threat if not more facebook and mark zuckerberg successful i seems like a very smart successful guy but they're totally unproven ok and if you take a look at history it looks as if they are against them it appears that facebook might be ran better than a lot of other social media companies but if you go back in history you have my space you have a oh well you have you know go down the list they were very popular a lot of subscriptions pete flamed out and no

are bill gates in your heart.i'm not bill gates, but i wish i had his money, i could give you a lot more. you know? and that was nice for him to say that. these are the letters that i get. feel this. feel this. >> that's what love feels like? >> that's what it feels like. one letter, i have some letters he writes 14 and 15 pages. if he write 14 pages i have to write 14 pages plus 7 more pages. that's why i like for him to write a lot. this is what i do. this is how i spend my time. >> from what i've observed, the monotony of prison is what creates a lot of problem for these inmates. by having this focus of writing letters and maintaining a correspondence with the man that he loved, this gave ernest a purpose, a meaning in life. >> this is my favorite one. >> read it. >> no. no. no, i'm not going to read that one. >> part of it? >> okay. okay. okay. it says, i just want to send you a card to let you know i love you and that you're on my mind. love always, daddy. he's my focus right now, you know, in terms of trying

bill gates, mick jagger, brad pitt or jimmy fallon. >> i'm going to go with bill gates. >> it's a goodto move to where the movies were. he loved to los angeles, had a series of odd jobs. his biggest odd job was dressing up in a full-scale chicken outfit for a fried chicken joint on sunset boulevard in los angeles. >> you're kidding me. you can start anywhere. >> nice gentleman from alabama. which college majors are getting the highest paying job offers this year. computer science, business, engineering or health sciences. >> computer science. >> i'm on a roll! >> this is your best day ever. all right. the correct answer here, engineering. >> engineering. computer science is a close second. $56,000 for them. but $58,500 for engineering folks. there's a big message for young college graduates. 10% more college graduates will get hired out of school this year than they were just last year. starting salaries are also up. $42,000 is the mean salary for college graduates this year. >> don't hear a lot about that. good to know. >> nice lady from alabama. which of the following actresses is fl

bill gates i want to be a teacher or dr. that i've been to berkshire hathaway meetings business sounds good >>> and warren buffett a ping- pong fanatic. he heard parents say she needs to keep getting a is to keep playing table tennis >>> this could be moving to san francisco there's report combat the giants go for a sweep sports is next. >>> reports that the wars have decided to move from oakland to san francisco to a new arena built at pier 32 in time for the 2017 season in the war say they're not prepared to make any announcement at this time. the bay bridge the now at at&t they lined up early to get their hands on the brian wilson known give away. tim lincecum was great through three but then calcining goals with the bases loaded that scores to run open takes a 3-2 lead. still in the fourth inning allowed to pitch buster posies did not know where the ball was because of away from second base and nails tim lincecum it is a boy this we and win 6-2 and they're a 11 game losing streak in san francisco. lebron chains and 1 whe

he then had shareholders take turn playing for three hours, but no one including bill gates beat her. the 16-year-old made the u.s. olympic team so she is darn good >> i wonder, this match is for your portfolio. [ laughter ] >> that would be fun to watch. >> if only giants could start games in the second inning, tim lincecum would be fine but the wildness continues to haunt timmy. sports is next.   >>> good evening, first inning woes continue for tim lincecum, tonight against milwaukee was erratic and they took advantage. bob's 42nd season as broadcaster. timmy is in the dirt and carlos gomez scores. two run single. 3-0. he settles down, two hits in

bill gates.eacher or a doctor but now that i've been to berkshire hathaway meetings business sounds really fun >> warren buffett is a ping-pong fanatic. she is also a star in the classroom but her parents say she needs to keep getting a's in order to play table tennis and so far so good. >> on cool warren and uncle bill? >> i would rather just have you guys as friends. things are changing a little around the bay area. tablatures start to cool off after a gorgeous weekend. outside we have some dense fog showing up around the coastline. the roadways are a bit wet so watch out for that. temperature's mainly in the '50s. we're still finding some eighties in the interior valley. breezy and cool towards the coast line. what pressure headed towards the bay area. the shadow there was actually eclipse. it looks like we will have cooler temperatures on the way and probably some windy conditions. we may sneak a little bit of sunshine in towards the coast but the temperatures will be down. a lot of seventies

he's still behind bill gates and larry ellison so there is still some room to grow. the hyped-up status is still tenuous. >> they're under enormous pressure to show how to make money. there under pressure to show how to make more money from advertisements. general motors just pulled a huge campaign and this does not look good for facebook. >> facebook gets 80% of its money from advertising. this new valuation means that needs to increase exponentially to prove its worth. a long-term goal of facebook to be kind of a gateway to the internet. >> if you are looking to get yourself a piece of the action here is something you might not know, the shares will not go on sale until 8:00 a.m. pacific time, an hour-and-a-half after nasdaq opens. they're doing so to keep it as orderly as possible. stay with us throughout the day for continuing coverage of the blockbuster ipo. >> the acts could fall as early as next week at another silicon valley giant, hewlett-packard is trying, planning to cut as many as 30,000 jobs worldwide. it is all part of a restructuring plan expected to t

. >> microsoft corporation, bill gates. >> he revels in it because ellison becoming number one meantody else had to be number two. and that somebody was bill gates, whose microsoft towers over all the competition, including oracle. >> it's an exciting game that's going on right now, and it is to some degree a game. you know, microsoft's in first place, we're in second place. we're trying to catch them. they're not making it easy. they're an extraordinary company. they're the most important company on earth. >> they've got $50 billion on the bank, and you've got 5, 6 in the bank? >> [chuckling] yeah, we're-- we're far behind. they're three times bigger than we are. they have a monopoly. we don't. darn it. >> yeah. >> [laughs] [rowing machine zipping] >> ellison has the reputation of being a fun-loving playboy. he's been divorced three times, has two kids, and recently married a fourth time to a writer of romance novels, melanie craft. he admits personal relationships were never his highest priority growing up on chicago's south side. >> one time when i was a kid, my sister walked into

especially when it means -- bill gates at newspaper tossing. sampling new treats. mingling with his fans and leading a cheer. for most of us in the media keeping up with buffet at what he calls "the woodstock for capitalists" is exhausting. this year we learned the high energy oxygen aryaarian is huma. he revealed news that he has prostate cancer and his diagnose sis a non event and doesn't plan to miss work. >> you look great. >> i feel great. no manifestation of any kind. >> his upbeat attitude reassured investors. >> he seems very healthy and reinforces he has a big backup and it's a non issue. >> he seems to be in good health. this comes along as you grow older. he's taking it in stride and the necessary precautions. >> the cancer news brought renewed questions about success. who will run berkshire after buffet is gone? he says the ward has picked a individual to succeed him and two backup choices. those in the know speculate the leading candidates is ajit jain who runs the insurance division, matt rose the skr-rbgs eo of northern - radio, tony nicely of geico

>> certainly bill gates didn't have an education. >> i don't think a bill gates or steve jobs are possiblete. part of the reason that they are what they are. >> in this kind of climate, it's more possible than ever. >> to get the funding to build that company? >> in new york city there's all kinds of companies get diagnose money for crazy ideas. one of them will turn out to be the next apple. >> there are singular facebooks and apples but as a broad plan i don't know that saying everybody is going to become steve jobs seems a little bit -- >> i have yet to see the magazine piece, but what was his hope in writing the book now? it's hard for me to see how this is at all helpful for mitt romney? >> that's a good question. i don't know the answer to it. but i do think that's a fair question. i think ed will be around doing interviews and that's a good question to ask. >> i'll ask him. >> but if the premise was would that we could all be millionaires and have shell companies and offshore accounts, that's great. but that's not the pes allege we get. it's good for us to be up here and you guys to

bill gates is worth 56 billion, oracle, 35.5 billion. google co-founder, 19.8 billion. of amazon.com 18.1 billion. the founder of dell, 14 26 billion in the ceo of microsoft is worth 14.5 billion. he is not in the top three but not at the bottom. let's take a look at the value of the facebook. it is looking to be valued at around 100 billion. they're valued under apple, microsoft and global, but above an amazon. facebook stock is expected to sell between $28.35 dollars which means their ipo trades around 10 billion making it one of the biggest ideas in history but not the biggest. visa holds the record for all time largest ipo raising 17.8 6 billion. gm and at&t also over 10 billion. all week, i will be doing stories of a facebook ipo and the impact of silicon valley and how will affect facebook users. >>grant: writers and the bikers are leading marine a cream and biking down highway one along the coast and then 117 mi. later finishing this stage in santa cruz. here is we need to know about stage three tomorrow. tomorrows course starts at a less than 4:00 p.m. in north