david: so a young, black entrepreneur who says i want to be the next bob johnson, what advice would you give to that person about how to build a business empire and be successful? bob: i give this answer all the time. first and foremost, you have to believe in yourself. you have to believe in yourself that you deserve the opportunity to be successful. the second thing you have to understand, that nobody does anything alone. you have to find talented people to go on that voyage with you or share your vision, and you have to make sure they participate in your upside. you have to give them a stake in the game to make sure they feel like you have their interests and the interests of their family close at heart, and you do that and they work hard, they will work hard with you. david: today, for a young bob johnson starting out, it is easier for an african-american to get capital, or know easier honestly that it was 25 years ago? bob: it is easier, in the sense that there is a belief that there should be more diversity of opportunity, whether diversity of opportunity as sponsored by the gover

david: today, for a young bob johnson starting out, it is easier for an african-american to get capital know easier honestly that it was 25 years ago? bob: it is easier, in the sense that there is a belief that there should be more diversity of opportunity, whether diversity of opportunity as sponsored by the government, or diversity of opportunity in the form of esg that some corporations give lip service to. so the theory is if you ask someone to be a partner, they are more inclined to give you a hearing, but the ability to get the right person - and the right amount of capital is still very hard. my relationship with john malone, and we still have it today, was extremely unique. i, i can't imagine that one out of 1000 black entrepreneurs, kids today, can find them a john malone. ♪ david: so, let's talk about your background. where did you grow up? bob: i was born in hickory, mississippi. it is a real small town, one stop sign kind of town. david: what did your parents do? bob: they were workers. my father was a worker, a lumberer, timber, cutting down timber in mississippi, and a lit

bob johnson became a billionaire by building black entertainment television and selling it to viacom, buying the charlotte bobcats, the first african-american to be a major sports team owner, and selling it to michael jordan. today, he is involved in business ventures across the u.s. i sat down with him in palm beach to talk about his career and what is next. when you became the first african-american to be a billionaire, what was that like? people telling you how great you are, or asking for money all the time? bob: nothing like that. i ran bet for 20 years until i sold it to viacom, so bet has become a business success story. as a result, people see me as an entrepreneur doing something pretty good at that time. and so, by the time i got to where it was sold to viacom, it was sort of expected that it would be worth something. david: so when you sold it to viacom, after that you bought the charlotte bobcats, an nba team, the first african-american to be the owner of a major sports team in our country. what was that like? did you see it as a business venture? bob: i saw it as the idea

bob johnson was first in early. why aren't there more bob johnson's? lot of lipservice to helping black entrepreneurs but in reality very little money shows up. bob johnson was the first black billionaire in the united states and after he built bet, like entertainment television he bought the charlotte hornets and also me -- ultimately sold it to michael jordan. he is a very wealthy, smart person but his view is the white business community is probably better at lipservice fan reality of helping black entrepreneurs. tom: you live this every day, as we do at bloomberg. the modern finance system co-opted black innovation is what it really comes down to, how do you see david that we nurture this forward to develop more bob johnson's? >> you have a 200-year-old problem you're not going to solve overnight. there has been a lot of progress in the last for years and much greater emphasis on diversity, equity, and inclusion. but you have a 100, 200 year bias that's going to be difficult to overcome. there are going to be bob johnson's, but still relatively sma

board meeting, before it even started the job, they sat me down next to oprah winfrey, next to bob johnson, across from the head of time warner, head of american express. i'm terrified. i'm a kid from jersey. what the heck am i doing here? so the next day after the meeting, because i didn't do very well, i was like stutterin stuttering, -- called it his office and said you looked a a little nervous. i said, you think? basically he says something to be that has been so helpful during this process. he said those people are at the top of their game, the best in their field. and so are you. and more importantly, they want what you are about to give them, which is to build the museum. so view yourself as the equal. it made me realize that if i glad i could learn how to work with them but each one was different. quincy jones, i'll tell you the quincy jones story, it's the best. i saw quincy jones the very first time come huge house in beverly hills and you walk in and there's like oscars in amy's like laying on the ground. oh, my gosh, quincy jones. i was there early and he's finishing and meeti

meeting i came to you before i even started the job they sat me down next to oprah winfrey, next to bob johnson, next to the head of time warner and the head of american express and i am terrified. i am a kid from jersey. what the heck am i doing here? so the next day, after the meeting can i didn't do very well. i was like stuttering. the head of the smithsonian at the time called me into his office and said you look a little nervous. i was like, you think? basically he said something to me that was so helpful during this process. he says those people are the top of their game. they are the best in their field, so are you. more importantly, they want what you are about to give them. that is to build a museum. so you, yourself, view yourself as the equal. i reviewed them completely as equal, but i realize that if i lead i could learn how to work with them. each one was different, quincy down jones, i will tell you quincy jones with the best. when i go to sequence events for the first time, huge house in beverly hills and you walk in and like there are oscars and emmys just laying on the ground.

bob johnson came on "mad money" sxdz that is not true, and that -- well, that he didn't help any place he's been involved in. yet, unilever chose him as a board member you could say yeah, because they wanted information on proctor. i think that's unfair. wendy's liked his analysis david, they -- >> this is going to be an interesting battle >> they really think they can defeat this man with the stock being destroyed. >> well, at the same time, they come back at him on total shareholder return as well he shared that at the very end of our interview, he came back to the idea, look at the total shareholder return and disney's rejoinder would be, take a look at it because when you actually look at the tenure of mr. iger over the period he was ceo from '05 to 2020, you'll see at least in their opinion that in fact he had the best long term track record of any ceo of -- and of course, we did know this, and again, we're talking, by the way, appreciation plus reinvestment and dividends, stock price apprec yashz disney up 554% versus the s&p's 224% gain in that period so their rejoinder to him i

i said to him my name is bob caro i'm writing a book on johnson and luis says and you want to know aboutbox 13. and we went inside and he says without me saying anything. you know, i have written it all down he is a big chunk in the corner and he takes out the manuscript 97 type several handwritten pages. and on the title pages it says box 13. i start to read and it contains the sentences i lied on the stand. it says in fact, he details exactly how the 200 votes were put in there. so i said can i copy this? he said there is a copy machine at the 711. we went to the nearest 711 and i copied it. it is in the exhibition. it is on the second floor. and you can see it yourself thank you to the new york historical society people can read it for themselves. there is a lot of stuff in my papers that i don't think more than a few percent in all the time to be in the life that has made it into my books, there are so many interviews and notes that will help to cast some light there are so many interviews 522 interviews with people who can never be interviewed of course. then i try to find everybody

bob iger's compensation. my coast in london guy johnson. welcome to bloomberg markets. i feel like the equity market in some ways is easier to understand. but the bond market to me, i wonder if the bond market is telling us we are going to see a soft landing and i wonder how that is going to buy out. guy: in some ways you could argue that today's data points to the direction of a soft landing. inflation lower but the claims data appearing to be fairly good. the labor market is still tight. there are still jobs out there. inflation is coming down. however, i'm really scratching my head here. every time we have a conversation with somebody in the oil market they tell of that oil prices are going sharply higher from here. the administration has already spread to the fpr. it oil and gasoline goes higher, headline inflation goes higher. i don't know whether or not we can be declaring victory just yet. alix: we are all waiting for it to roll over. but when? and when it rolls over, how quickly does it come down? bloomberg economics is looking for the spring. the spring feels a

and in the meantime, the johnson, which is clearly committing genocide, it's committing crimes against humanity, torture matter the most appalling airable bob and of civilian targets without any due respect for international law that relates to the protection of it is all about the note. but this works of them, notice that they are being scrutinized that being investigated. and we hope we pray that some day they will be in court and ultimately out of has happened to you just places and others. they will be banned up in prison, which is where they belong to be 2 questions or initially do these cases brig about accountability 1st and secondly, why launched them in multiple different countries. thank you. well, let me just support and endorse everything that chris said, and i think it is important to, to, to, to adopt a multi jurisdictional approach in cases like this. and i for one think that supports the initiative in germany. i think it is an important advance on ensure accountability and quite often we look at different jurisdictions that may be victims in, in those jurisdictions that may be suspects within the sort of the, the refugee poo

johnson administration. so, after hearing this he decides who goes with mary and more. he remembers was boboses media contact in mississippi. he just goes and sees. he is flabbergasted by the poverty. just destroyed by what he sees. they are in a windowless shack, children bloated >> some malnutrition and sores. he is just shocked pretty goes back to washington more determined to shake the johnson administration, unity of food down there. trojan people to food stamps where they have no money they can't spend $8 to get food for the family and the guy didn't believe them. he said okay, it's true, it's terrible. so he squeezes some money out of the agricultural department. and they continue to go around for he develops a close relationship with marion. so 67, april with king the summer of 67 which is known as the summer of love it's a long hot summer in american city. american racism based on research and 23 of the affected cities that had uprisings that summer concluded the most generalized rebellion on the negative community of white control black areas. the worst were in newark and detroit.

and colleague bob dole of kansas, sharp competitor who excelled both at partisan combat and bipartisan compromise. plus he had a wicked sense of humor.so the texas democrat lyndon johnson was a towering interpersonal force and master of relationships. ohio republican robert taft more introverted and cerebral. he was a master of policy. but each was a strong force and powerful foreign in the side of the opposite party administrations. then there have been leaders who rose to the job to lower key behind-the-scenes styles and that, madam president is how senator michael joseph mansfield of montana became the longest-serving senate leader in american history. until today.y. the house ranking federal official of montana has ever produced wasn't actually born under the big sky. when mike mansfield's mother died early, his young son of irish immigrants was put on a train from new york city to family in great falls, montana. the mansfield would later be famous as a senate leader who didn't believe his colleagues, apparently young mike first tried a different approach, a brief trial run as a self-appointed schoolyard bully ended when a bigger boy supplied some humility right th

johnson was very pleased with the results. i want to conclude today with president george h.w. bush is the namesake of our library here in college station texas. bob you were of course on board giving the usual high sign and smiling to supporters for another picture of him by the way this is not the magellan he is on he has on business card on the podium of course is provided by the white house. you could see supporters right next buy. here's another photo of him. now will move into closer to the president back in 2005 we were able to leap 4141 he is the 41st president. and here is mr. bush there on the lower right. this is during the president's funeral train. you will see this as outpouring of emotion was really amazing. i expected it but i was overwhelmed by the grieving and support as a child from using did college station which is about 90 miles. here is a picture in texas it's a little blurry i apologize but almost the entire population of the town came out pretty course the 4141 was on the head of the train. this is when they were in college station, texas as a locomotive and in front of it the volunteer which is a unit in the corps of cade

bob dylan. with artistic greatness. we got to go to delta, mississippi. got to go to robert johnson.with humanity in their songs and in their melody and a dissidence in such a way that can change our lives. and we become better citizens. but it benefits because a wrestling with what it means to be human just like the great russian novelist of the great irish playwright or the black musicians or the persian poets. helping us to shape ourselves to become more cynically virtuous. or humanly compassionate. and in the end i'm going to end up might blue irish brothers. try again, failed again, fail better. that's the history of our lives that the history of democracy. try again, fail again, fail better. how good is your failure? it's always had failures imperial failures in philippines and so forth. also some wonderful breakthroughs. the impulse of the fact these wretched creatures with potential we might be able to sustain the planet and sustain democratic project. and as mary ann reminds us we find ourselves but never allowing despair to have the last word for false is an futility about

johnson. i swoon it's now been more than one to pretend to go and wish i'd to have hunter own dungy hunter. mendez's tall is some of us if in a blue go bob's on. so i don't a foot on does one attrition. one location meant for m as a from it was title zullie i wrote only, i wish him well the 1st one was touched it and i have done yes. my in not ours. and still wouldn't i'm lexical, not over daughter done. so i still, sheila hunter lee quick does is steven time rosa tavares was off because wendell wound wouldn't had too soon. guns. warmish. mm hm. and wish deductible is kenneth anxious. pusan jumped to the amateur from those figures when they got son of notch, monsoon boucher were kennedy out of cheerful and want an ambition. madison was almost hidden trials, flips and philip guns infants halls are what are 2 times dom understated time? you 8 and i'm usually not, i was on the ship soon. bison named me, are you standing on the app? so with that comma, sure me, well please the which was gun sharon, he doesn't vision amazon leon. chuck are kind of lost ost as it was, arm wound up. we're in the momentum in sheet and does his voice nibbler, overs

johnson. as soon it's now been more than one to pretend to go and wish i'd to have hunter own tundra tundra in the south. tall is some of us are from the bluetooth. bob jones went on to foot on to us. one attrition on location meant for him as a from which was i don't really i were only i wish him well the 1st one was touched it and i have done yes. my in neurosis to wooden. i'm lexical. knock over daughter. done. so hope steal. sheila hunter lee quick does is steven pete, i rosa tavares was off because wendell wound wouldn't had, doesn't guns, forms movement wish deductible is kenneth anxious push on to jump to their my children and families. and when they got son of not was william boucher were kennedy out of chitwood and aunt anne boucher madison was almost hidden trials flips and we are up go home in front of what i told them understand time you 8 and i'm usually not i was on the shops on bison name me, are you standing on the app? so with that comment from you all, please do wish my scottish wrong. he doesn't vision amazon leon, which up car can i lost aust, as it was arm wound up. we're in the momentum in cheatin darcy's voice, nibbling over se

johnson administration. so after hearing this he decides i want to go see. so he goes with marian wright and amc more, remember was bob moses media contact in mississippi and he just goes and seas. and he's just flabbergasted by the poverty, just floored by what he sees. here they are in a shack, windowless shack, children with bloated stomachs from malnutrition and sores, and he was shocked, and he goes back to washington more determined to shake the johnson administration, go to the secretary of agriculture and says you need to get food down there, unico food commodities, and stop charging people for food stamps. if they have no money they can spend eight dollars to get food stamps for the family. the guy didn't believe him so he said okay, send your agent and pick the aides who down, he's right, it's true, it's terrible. so he squeezes out of agriculture department, and they continue to go around and he developed a close relationship with marian wright who ends up marrying peter edelman. that's people with king, but the summer of 67 which is known as the summer of love for the counterculture is a long hot summer in

johnson was very pleased with the results. i want to conclude today with president george h. w. bush, who's obviously the namesake of our library here in texas. here he is campaigning. bob, you're of course on board that trip. and giving the usual high sign and smiling to supporters. another picture of him, by the way, this is not t mellan he is on, he is on a c x x business car, the podium is provided by the white house. you can see his supporters right nearby. here is another photo of him. now, we're moving to the president, or close to the president, back 2005 we were able to, the union pacific graciously painted a locomotive, he was the 41st president, in the colors of air force one. here's mr. bush. they're on the lower right. and this is during the presidents funeral train. you will see that this is the outpouring of emotion, it was really amazing, i expected it but i was still overwhelmed by the grieving and the support that president bush had as he traveled from houston to college station, which is about 90 miles, here is a picture in napa soda, texas. it is a little blurry, i apologize for that. almost the entire population of the town came out, of course, the

bob dole of kansas. sharp competitor who excelled both at partisan combat and bipartisan compromise. plus, as we all know had a wicked sense of humor. lyndon johnson a towering interpersonal force and master of relationships. the ohio republican, robert taft, had been more interverted and cerebral. he was a master of policy. but each was a strong force and powerful thorn in the side of the opposite party administrations. then there have been leaders who rose to the job to lower key, behind the scene styles, and that, madam president, is how senator michael joseph mansfield, of montana, became the longest-serving senate leader in american history until today. the highest-ranking federal official montana ever produced wasn't actually born under the big sky. when mike mansfield's mother died early, he was put on a train from new york city to family in great falls, montana. though mansfield would later be famous as a senate leader who didn't bully his colleagues, apparently young mike first tried a different approach. a brief trial run as a self-appointed school yard bully ended when a bigger i boy sploi supplied some -- supplied some humility right t

bob dylan, brother zimmerman, exactly. any others? cross cultural fertilization but concerned with what, moral, spiritual, artistic greatness? we're going to the best. we have to go to delta, mississippi. we have to go to robert johnson. we have to go to -- not because they are entertainers, we find them wrestling with humanity in their songs and in their melodies and in those dissonance in such a way that can change our lives. we've become better citizens. democracy benefits. it benefits because they are wrestling with what it means to be human just like the great russian novelist or the great irish playwrights or the black musicians or the persian poets. [inaudible] what grand contributions to the world, helping us to shape ourselves, to become more specifically virtuous, or humanly compassion or, yet in the end i'm going to end with my dear blues irish brother samuel beckett. try again, fail again, fail better. that's the history of our lives, the history of democracy. try again, fail again, failed better. failure is a constitutive part of any human projects. how good is your failure? american democracy has always had failures -- imperial failures in the philippines and vietnam and so forth. it's that wonderful br