our next guest is bob nardelli bob, great to have you on tonight. >> a lively discussion >> dom chu'swas telling 17 years, $400 million market cap wiped out. what in the world has gone wrong? 4. >> i want to make sure that i'm happy to share a perspective, but jeff was there, so it's hard to know. >>> again, probably what's most painful for those of us that poured our lives into general electric with jack welsch, who was an unbelievable leader, inspirational, really worked in a collegiate way the beauty about general electric was the portfolio if i was down a couple cents a share, somebody else would pick it up. jim mcnorthwesterny would pick it up. and that's probably what's missing a bit. if you look at the goes-in and the goes-outs, there's been a lot of goes-outs. >> they're criticized for selling finance, the bottom, getting into oil near the top. is that fair and if so, who deserves the brunt of that blame. >> i don't know that you point at fin ever at any one individual there was 15 or 16 women on the board, so none of these decisions were made singularly by jeff, so i think th

bob nardelli, what do you make of all of this? >> it is a desperately disappointing that if this has been going on as long as they say, that it's taken this much time to bring it to the forefront, i think katzenberg said it right. corporations can assert that they grew up under jack welch, this would not have been tolerated. it is an acceptable within corporate america. almost like two standards here, maria. maria: it is not just the entertainment industry. obviously the weinstein cases broad reaching, but fidelity, "the wall street journal" reporter one of their fund managers is accused of sexual harassment by a junior female. it seems that this is just the media industry or entertainment general. something corporate boards across america need to address. maria: if you've got power. >> yet. maria: twitter says is taking steps to help online. among them twitter is taking a tougher stance on nonconsensual. images shared about the public's permission and to report unwanted sexual advances. social media companies now been forced to r

bob nardelli last night talking about they can't do anything with the dividend and if they do i think the reaction will be different than what bill nygren is talking about right now i think there will be heavy pressure on the sell side because people are holding onto it for that exact reason. >> etfs, do you know how much money has gone into etfs that are dividend focused like a trillion dollars. >> well -- >> way beyond that, ishares, everyone's got a giant either dividend appreciation, dividend growth, whatever this is a 4% yield that's in almost all of those strategies so it's not even like people saying, oh, they cut the dividend but this is expected. these are rules based portfolios, don't care why >> there's another force at work with ge, which is that a lot of people have this at a very low basis. and for years they've been handcuffed into it the lower this goes, the less the capital gains issue for taxable investors becomes a problem. and you will see some sellers who a year ago at the prices then prevailing would not have sold. >> how about the market as a whole? i mean, as w

bob nardelli, former ceo is on the show yesterday and here's what he had to say. >> they have to getir fundamental businesses left. they've got a good innovation. the last 16 years as we've seen that goes out have been a lot more that goes in. >> cardelli worked to ge for several years. next month, to unveil the results of his teacher group that had resulted to ge global structure. shutting down research centers in shanghai, munich and rio de janeiro. the company will continue to have an intense focus on the global operations and customer base. >> stock has been cut in half. wait a minute. luscious underline what you just said. he had a separate jet flying behind his chat on business chirps in the jet behind him was empty. >> in case there were any issues with the private jet he was already on. >> i flew in a banana commanding officer under absurdity to jet to make sure that if his chat, if there's anything wrong with that he couldn't fly in the air until there is a spare there. so i've seen this before. >> their shareholders that they are held accountable for. >> listen, you don't n