my hope is this new c.e.o. and its team focus on what they have, avoid a lot of the noise going forward, and maybe coax investors back into the stock. because it has been a very difficult story. >> what about the stock? it was up sharply today. would you buy citi at $30 a share? >> yes. >> is this is turnaround story? >> no. i think it is a speculative story for the simple reason it hasn't been rewarding investors for the risk. you need a big dividend, and a bit more stability in the stock before you can recommend it to retail investor, compared to jp morgan. if you had to choose between the two, you would put them in morgan. >> do you have any disclosures to make, chris? do you own any of these bank stocks? >> no, i don't. i am a banker, but i don't have any personal holdings or any other management. >> great to have you on the show. chris whalen. >> he is author of "bull by the horns," about her front-row experience during the credit crash. she is back with us from our washington, d.c. bureau. sheila, you wer

." >> tom: citigroup c.e.o. vikram pandit abruptly stepped down today in a management shakeup that stunned both investors and employees. he will be replaced by longtime citi executive michael corbat. he most recently headed the bank's middle eastern and european division. pandit not only gave up his c.e.o. position, but he also quit the board of directors. the news comes in the heart of earnings season for financial firms and just one day after citi reported stronger than expected earnings. shares of citi climbed 1.6%, closing at their highest price since march. suzanne pratt takes a closer look at pandit's tumultuous tenure. >> reporter: the citi management skeup had many people on wall street scratching their heads today about the timing. not only is the big bank finally regaining its footing, but there were no hints about the boardroom shuffle during vikram pandit's conference call yesterday on earnings. but 24 hours later, citi's new c.e.o. michael corbat and citi chairman michael o'neill hosted a call of th

c.e.o.'s are turning their employees into republican foot soldiers over the weekend labor reporter mike elk with in these times magazine revealed that the koch brothers sent political flyers to all of their tens of thousands of employees at georgia pacific hinting that their jobs might be on the line if they didn't vote for mitt romney a letter warns that employees elect barack obama than quote many of our more than fifty thousand u.s. employees and contractors may suffer the consequences and quote the letter goes on to list political candidates that the koch support by coincidence all of them republicans i'll call so exposed the social media rules of georgia pacific that try to limit the political speech of their workers as well as intimidate workers who are too politically active against republicans because of the latest in a long line of c.e.o. c.e.o.'s who've made veiled or in some places explicit threats against employees who won't vote for mitt romney last week westgate resorts billiona

the first c.e.o. of freddie put in place by the treasury at the time of conservatorship quit after six months. we had to pitch to efrd to make the job. that was simple. a most challenging job but the opportunity to do meaningful public service. freddie mac and fannie mae needed strong leadership and guidance as they rehabilitated themselves and waited for the government to decide just what to do with them. i should point out that we are still waiting for the government to decide just what to do with them. it is now four years since conservatorship, and beyond some partisan back and forth about banks' handling of foreclosures housing policy has been one of the elephants in the room during the campaign. ed had an outstanding career in public and private sector. degrees from dartmouth, h.b.s. and harvard law school starting with a philadelphia investment counseling firm. they were later bought by united asset management which ed eventually ran. from there he became chairman of delaware investments a larg

food free blog videos for your media project c.e.o. don carty dot com. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for october fifteenth two thousand and twelve finance chiefs the world over are concerned about another global recession the eurozone crisis the u.s. fiscal cliff and a slowdown in major emerging economies and they totally disagree and are bickering about what to do next this is all according to accounts from the i.m.f. gathering over the weekend in the wall street journal and by bloomberg for this bird's eye view it's easy to lose sight of some of the new wants is of the world's economy here to bring us a view from the ground fresh from myanmar is chris mayer and is the c.e.o. of morgan stanley a reformer relative to his too big to fail peers trying to get the bank told a lower risk less complex model well that's how he's been cast by some in the mainstream press but forget about that what about banks that have stuck to a conservative vanilla banking model even during the boom

paycheck to implicitly coerce their employees to vote or lend support to whichever politician the c.e.o. wants or face consequences on the job many companies are doing exactly that including murray energy in ohio westgate resorts and the koch brothers georgia pacific corporation and mitt romney himself is encouraging employers to use this tactic it was june two thousand and twelve conference call with the national federation of independent businesses revealed and here it is i hope you make it very clear to your employees what you believe is in the best interest of of your enterprise and therefore their job and their future in the upcoming elections and whether you agree with me or you agree with president obama or or whatever your political view i hope i hope you pass those along to your employees nothing illegal about you talking to your employees about what you believe is best for the business . because i think that will figure into their their election decision plain and simple the mechanisms by which we the people can control our democracy are being destroyed one by one so the quest

you know just for being safe and something more than the c.e.o. means put forth a proposal that says instead of firms keeping excess funds within the customer account they could do it in a sub account that's linked to the which. doesn't have that commingling in the center which i think that's a big step and there's been some other technical steps as well but organization put forth a plan before the bankruptcy saying that we should mirror canada's. liquidity facility. which is sort of like an insurance system but a lot faster and better and that we need that here for futures so basically insurance like life insurance what's a little different insurance like sipek what we have are securities takes like three to five years to pay and it's a very slow moving behemoth and there's really no moral hazard element there because sipek then doesn't go after the incident itself back but our plan calls for a fon that would go into the next day after after a short fall customers one hundred gram back or two hundred fifty gram back so you know level of comfort t

welcome back so let's switch gears and come back to the us james gorman is the c.e.o. of morgan stanley and there's been some press recently about his efforts to change the shape of the firm and bring leverage down low risk we're not very optimistic about too big to fail bank reform and way more interesting to us and compelling is a bank that our guest has been writing about is kind of a case study in conservative vanilla banking it's stay that way during the boom despite temptation and is one of the best capitalized banks in the us today so we're genuinely interested not in hearing about morgan stanley but hearing about the third federal savings and loan as a case study of sorts why and how this bank resisted the temptations of financial innovation and lived to tell about it so chris mayer author and managing editor of capital in crisis tell us how did they survive and thrive through this boom with with resisting the temptation of financial in innovation well some of that is they they learned say no so they were they didn't get involved in the a lot of the crazy mortg

react to this, the china appall joy. >> this to me was the c.e.o.tive, chairman of the board^, coming back to tell the manager that he is left in charge of the company, i am disappointed of you. what were you thinking? he controlled it like a c.e.o. conviction is the making point of a sell being made. >>neil: but your boss tells you, you don't produce this much or if my business your ratings are this were, you are going do get this much. when it came to looking at how we frame the debate about what the governor is trying to do, he went so far as even to question what the president was charging him with. react to this. >> you said you get a deduction for taking a plant overseas? i've been if business if -- for 25 years i have no idea what you are talking about. >>neil: the president says that law is on the books. why know what he is referring to. mitt romney called him on that. what do you make of that and the approach romney took on that, there is no such law or incentive. >>guest: this is the way to gain altitude with your opponent to show that the

were to be the c.e.o. was don blankenship notorious man who was an incredible numbers cruncher great current account who grew up in the area but had a very very tough stance about unions and safety a major political donator. and and there you have it he helped set the stage towards the sort of autocratic way of management that contributed to the stance so if don blankenship. established the environment and set the rules that led to these deaths and these rules were violations of. law why isn't he in jail that's a good question because i think i don't know why i mean that's apparently the laws do not. are weak enough where they can't necessarily go after c.e.o.'s or directors of coal companies and there has been a an investigation of this by. by the u.s. attorney's office in charleston and it's only gone up to the lower middle management of what was massey energy massey energy is now owned by alpha natural resources of bristol virginia they were they were bought it up and you know and i are still and they a

and with such high stakes, former general electric c.e.o. jack welch stirred up controversy with this comment on twitter, accusing president obama's re-election campaign of essentially manipulating the report. - quote - unbelievable jobs numbers...these chicago guys will do anything..-end quote. the bureau of labor statistics is where the data comes from each month. it is a non-partisan government agency. meantime, the government red ink kept piling up in the latest fiscal year. the federal government spent $1.1 trillion dollars more than it brought in according to the congressional budget office. that's the fourth straight year of trillion dollar plus deficits, but down from a year earlier. as for consumer i.o.u.'s, consumer credit grew at its fastest pace in three months.. expanding more than 8 percent in july.. to 2-point-7 trillion dollars. over on wall street, it was a mixed day. the dow gained 35...the nasdaq lost 13...the s&p is down a fraction. for the week.. the dow gained 1.3 percent. the nasdaq was up 6-tenths of a percent. the s-

c.e.o. edward liddy saying that a i.g. made her arithmetic mistakes before was bailed out by taxpayers despite those mistakes that cost the entire financial system well now c.e.o. robert van motion seems to think a id's record is so glowing he deserves a thank you for his cronies at the fed in the treasury we'll talk about why let's get to today's capital accounts. well as a couple of data points in my headlines evidence economic outlook are gloomy and with an upcoming us election that doesn't offer much of a choice between mr pepsi and mr coke you may feel the political outlook is gloomy too and maybe you even feel like a political prisoner. if you. catch one of. the. one of the markets. so for those who feel like a political prisoner in your own country are those americans becoming a political refugees leaving the country for more freedom and opportunity economic and otherwise elsewhere last year just to give you some numbers a record number of people did renounce their u.s. citizenship or

c.e.o. meg whitman surprised investors by warning of a deeper than expected slide in earnings next year. revenue in all of its business divisions except for software is expected to fall. >> h.p. has done a bad job adjusting to where the business environment is headed. we see stagnating revenue, we see things actually getting worse next year relative to what analysts expected and that's not necessarily something cost cutting can save in and of itself. >> tom: those job cuts will total 29,000 when they're done. h.p. also vowed to reduce the number of products it sells, and c.e.o. whitman said the biggest challenge has been c.e.o. turnover. she's the third chief executive in as many year. h.p.'s news hit others with stakes in the personal computer business. dell stock fell 4.8% hitting a three-and-a-half year low. semiconductor maker intel was down 1.3%. meantime, home improvement retailer home depot continues building its share price. it was the best percentage gainer of the dow industrials, u

now it's time for tonight's the good the bad and the very very current a c.e.o. a list sleazy ugly the good u.k. drug policy commission the commission made up of leading scientists law enforcement officials and scholars believe a report yesterday recommending the decriminalization of drug possession of small amounts of marijuana the report stated that quote taking drugs does not always cause problems but this is rarely acknowledged by policymakers and also went on to say that quote with some forty two thousand people in england and wales sentence annually for drug possession offenses. and about one hundred sixty thousand given cannabis warnings this amounts to a lot of time and money for police prosecution and courts but those numbers are nothing compared to the us where seven hundred fifty thousand people were charged with marijuana fences and arrested in two thousand and ten alone the u.k. is on the right track to creating sensible drug policies it's time lawmakers in washington got on board to another bad ovide lamontagne lamontagne is the republican nominee for governor of new hamp

these are your headlines for october twenty fifth two thousand and twelve c.e.o.'s are ringing the alarm on deficit. there were some of them ringing the bell top execs including those but eighty of them total from big u.s. corporations sent congress a letter asking for a sin thimbles type approach to reigning in the u.s. deficit the budget deficit three dollars in spending cuts for each dollar of tax increases what would be the impact of this or other possible scenarios for dealing with the u.s. debt and deficit simon mccaleb edge of ideas capital is here to talk about it and speaking of deficits according to the financial times japan's finance ministry will hold crisis talks with bond dealers tomorrow as politicians there are at odds over a bill that's needed to allow billions more in borrowing to finance the country's deficit sound familiar japan is often brought up when talking about a country the u.s. is ability to run deficits will discuss the lessons for the u.s. and new g.d.p. numbers from the u.k. if you put stock in them they show the countries rebounding

best go under and and that situation we had a suicide note when the c.e.o. attempted suicide saying i think committing fraud all these these years and gotten away with it has anything fundamentally changed in terms of regulation or the way they're being enforced or conducted that is protecting customers better a year after we've seen m.f. global collapse yes somewhat there's been a change to our mind statement verification vienna face put in. the but i think last january which is kind of what brought this piece of fraud to light knew the jig was up. you know just for being safe and something more in the sea i mean to put forth a proposal that says instead of firms keeping excess funds within the customer account they could do it in a sub account that's linked to the which. doesn't have that commingling in the center which i think that's a big step and there's been some other technical steps as well organization put forth a plan before the bankruptcy saying that we should mirror canada's. liquidity facility. which is sort of like an insurance system but a lot

and or forget office at its kids one c.e.o. is bringing politics into the workplace and he's going to strong message for his employees if obama wins you could soon be out of work is this a scare tactic or a scary truth we'll find out plus wal-mart might be the best at slashing prices but according to its employees that's not the only thing the company is rolling back on workers in nearly a dozen cities are protesting demanding better wages and better working conditions we'll take you to the picket line. good evening it's wednesday october tenth eight pm in washington d.c. i'm christine and you're watching our t.v. . let's begin this evening with a look at the congressional hearing on the attacks in benghazi libya capitol hill was abuzz today with questions like who knew what when as the house government oversight and government reform committee questioned high level officials on the security situation in libya leading up to those attacks a month ago that resulted in the death of u.s. ambassador christopher stevens and three oth

thank you, toys 'r us c.e.o. has turned that operation around. >> and now, staff from "the five," and what is coming up. >>guest: we will highlight our favorite moments and get to obama's plan for the next four years. with 14 days left he finally has decided to let us know what an obama second term will look like. better late than never. we will do a political lightning round which we started doing here on "the five," picking a story no one else is covering and we talk about it. we will get into a lot of stuff, mostly licks and have a lot of fun like we usually do. >>neil: all good natured. you do have food tasters, right? >>guest: we have to watch beckel because there is a green room and we don't know what he will do. thank you for letting us talk about "the five," you are all right i don't scare what bob says about you. >>neil: that is very hurtful. thank you for your final thank you for your final appearance here on "your world., c-max has a nice little trait, you see, c-max helps you load your freight, with i

wants what it wants when it wants it and i think that's actually not a bad thing says sandra sturgeon c.e.o. of lions gate television spotlight we'll be back in less than a minute after a short break so stay where you are going go. wealthy british style run. out on the tires on. the. market why not come to. find out what's really happening to the global economy with max cons are there are no holds barred look at the global financial headlines tune in to kaiser report on our. it's easy to. believe. it was the strangest attempt of a military takeover. of. the us president trying to overthrow a foreign country's government but his strategic games must. come to merika recognized its defeat. questioning if cuba managed to cope with its victory all don't talk to all the oh god. i live you think you are you go but the rajab either live in the cuban missile crisis games in reality. welcome back to spotlight i'm not even just a reminder that my guest on the show today is sandra stern c.e.o. of lions gate television one of the most powerful what woman and women in television production in the united

because i think that will figure into their their election decision there since then we've seen several c.e.o.'s notify their employees letters going out georgia pacific the koch brothers and whatnot used to be that we have laws that you know an employer can say their employees please do this job this way but not you know they basically couldn't harass them whether it was sexual harassment or political harassment and citizens united blew up the political harassment part of that made it legal. how how is this adam how is this not coercion well it's not first off this much ado about nothing you know your job if you vote for this guy who that's not true what he said in this he said to employers or employees what you think is in the best interest employer isn't going to be walking down the street with the guy to the booth and watching him vote and then even knowing exactly how he voted and second the big problem i see with this is that he didn't say go tell your employees to vote for me he didn't call for them to. say you think of how you employ you would have voted obama. obama bumper sticker it

top banking c.e.o.'s tell lawmakers letting the fiscal cliff happen would bring quote, "grave consequences for the u.s. economy". sylvia hall reports. >> reporter: some of the biggest names on wall street tell

c.e.o. mel karmazin will step down in february. liberty media has been pushing to take control of the satellite radio provider. four of the five most actively traded exchange traded products were down by at least 1%. the lone gainer was the s&p 500 volatility note, which usually moves in opposite direction that the broad market. and that's tonight's "market focus."

wants what it wants when it wants it and i think that's actually not a bad thing says sandra stern c.e.o. of lions gate television spotlight will be back in less than a minute after a short break so stay where you are then go. to news sigrid laboratory to mccurry was able to build a new its most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans and work this is why you should care only. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom welcome to the big picture. go. fever. turnstyles events into slaves. my father but also among brothers involved in the monsoon and since i started working in amman i stated. his multinationals. to cash cows to be milked dry mist i think that in this country is gold medal logie as an environmental cost which is unacceptable to local business was labeled illegal and controlled by criminals you know

in an afternoon and then vanished but now we've got the audio it turns out that we've seen several c.e.o.'s send letters out to their employees urging them to vote for mitt romney or else they may lose their jobs during the second obama term now we might know where those threats started with mitt romney in a june sixth two thousand and twelve conference call with the n f i b national federation of independent businesses mitt romney urged employers with the and. to make it clear to their employees whom they should vote for take a listen. i hope you make it very clear to your employees what you believe is in the best interest of of your enterprise and therefore their job and their future in the upcoming elections and whether you agree with me or you agree with president obama or or whatever your political view i hope i hope you can. ask those along to your employees nothing illegal about you talking to your employees about what you believe is best for the business. because i think that will figure into their their election decision now you know personally if and we will get to the debate i

we're happy to have with us now alcoa c.e.o. klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how business