seventy eight working americans have seen their wages grow just eleven point two percent meanwhile c.e.o.'s have according to the economic policy is to its latest analysis seen their pay jump a whopping nine hundred thirty seven percent over that same period we now have a c.e.o. to worker pay ratio of two hundred seventy one to one this is not an accident this is the direct result of republicans particularly during the reagan era changing the compensation and tax rules in such a way that they benefit the kings of capitalism the c.e.o. and so wiping out the middle class something that we had to choose to create it's also the essential building block of democracy so isn't it time we call c.e.o. pay what it is a threat to democracy mark. it definitely and i think you know this is i think it's important that this is come out and that we're tracking c.e.o.'s income particularly because we see so much pushback and so much criticism all round people fighting for more wages even just living wages right there's been so much criticism of the fight for fifteen dollars minimum wage in fact you see a

i think it's important that this is come out and that we're tracking c.e.o.'s income particularly because we see so much pushback and so much criticism all round people fighting for more wages even just living wages right there's been so much criticism of the fight for fifteen dollars minimum wage in fact you see a lot of critique coming out saying that raising minimum wage will make people lose their jobs right well what if we took some of that income that c.e.o.'s are making and actually translated it into job training intra translated into drug job rating this program is right in fact we've seen a study came out of the national economic law project that raising minimum wage since one nine hundred thirty eight in two thousand and nine actually didn't result in loss of jobs actually created more jobs sixty eight percent increase in jobs in some sectors and so i think it's really important to juxtapose juxtaposition both the attack on people's daily lives and daily labor and being able to have a living wage versus the tremendous income that c.e.o.'s are basica

i think having a woman as c.e.o.e a practical benefit to the company if the right person. i find it weird to think somebody from bank of america's going to be the right c.e.o. for uber. emily: that name was mentioned in a report from axios. >> i trust dan. maybe somebody talked to her. it could be a big company person. airline people. i think big, global industries are what some set of the board thinks is the right idea. they will need a tech visionary. is travis going to stick around and be that visionary? is it going to be somebody else? there are many positions available. they need some configuration of global operations expertise, a statesman, and tech visionary type person. they need to bring those people together. emily: i'm expecting new information about this next week. eric newcomer and david kirkpatrick, thanks so much for joining us. have a wonderful weekend, everybody. that does it for this edition of "bloomberg technology." next week, we will bring you full coverage and analysis as tech giants report ear

is gone, the c.e.o.gone, this thing could be careening in a way without leadership that could be disconcerting. you want to take some money off the table. you can imagine sitting on this unrealized gain that could be me thousands of percent, they will be happy to only take 1000% or 500%. you imagine they want to get some of that money out. emily: peter, you cover softbank. obviously, they have a lot of money. $93 billion to put to work. will they be vacuuming up everyone else's leftovers? >> this kind of deal would be a surprise. softbank has been a big backer of competing services including didi in china. if they are also going to put money into uber, that would be a surprise. they had been backing what looked like an anti-uber before this. he is the dealmaker that never sleeps. he continues to push for deals. he made the largest investment ever in didi. it sounds like he is interested in uber, too. emily: what do you imagine travis kalanick is thinking now? he is still on the board, still the biggest s

. >> you have an image of a person that strikes fear in a lot of c.e.o.'s. >> some people are afraid from pault a call singer. >> it doesn't bother me anymore. >> if somebody invested with you the very beginning? 1 became $250. >> is it too late? fix your tie, please. >> people wouldn't recognize me if my tie was fixed. leave it this way. all right. >> i don't consider myself a journalist. nobody else would consider myself a journalist. the life ofake on being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? i read the other day that you opened your fund for 24 hours $5 billion showed up. how does somebody raise $5 billion in 24 hours? exactly true. >> oh. >> it was true in sense that offering was open, because it was first come, first was a lot of later itnd 23 hours was filled up. it took a number of months of preparation. >> that makes me feel better. do you manage overall? >> $34 billion at this point. david: you started your fund in year? >> 1977. david: h

how have things changed since he left as c.e.o.? >> it has been a short time.ny is incredibly focused on solving the issues in front of us. we are focused on solving the cultural issues. the leadership aspect we are focused on. finally from a driver perspective, you have probably seen the recent releases around tipping, wait time pay, all these sorts of things are actions to start to solve some of the things that have been exposed over the last few months as issues. >> you came in only a few short months ago from facebook. given the culture there, did you see those as deficiencies at uber when you arrived? did you see a need for them to be changed in the way they are being changed now? >> i will tell you this. facebook has an amazing culture. that is something that has been cultivated over the years. uber has all of the nuggets that you need to build a great culture. it is just a matter of maturity and the leadership structure, the organizational structure continuing to evolve which we are heavily invested in now. >> here is what outsiders wonder and perhaps in

and our i had president c.e.o. of speak in retail retail strategy thank you. thank you lizzie. now when you hear about nazis you usually don't think about luxury resorts however one german real estate company is taking a physical manifestation of the country's very dark past and trying to turn it into something beautiful poorer is a nazi luxury resort constructed just before the invasion of poland and abandoned after the outbreak a full fledged war now over three miles long and with the capacity of twenty thousand it was meant as a vacation spot for hardworking members of the reich is now rebranded as a string of luxury summer homes but they full time apartment complex units are already up for sale they will run you anywhere from between four hundred thousand to seven hundred twenty five thousand dollars that's all for now check out the show on youtube youtube dot com slash boom bust r.t. thanks for watching next time. we're going to war zone you on the idea that dropping bombs brings to the good or forcing you to fight the battle. for the so you can be gossip the public. doesn

in the bank's history led to the abrupt retirement of its c.e.o. john stumpf and several other top executives as you might guess lost their jobs bank employees created millions of unwanted accounts in their names based on pressure of losing their jobs and whistleblowers claims they were punished and forced out on the heels of the scandal in a number of west coast cities in washington state oregon and california pulled their money from the bank. and new federal rules state that consumers who have been wronged are now allowed to band together to sue banks and credit card companies just like in the case of wells fargo as it stands arbitration clauses required customers to square away any grievance against banks using a mediator forcing them to give up their right to sue in court this is found in the fine print of many financial products in the united states these policies are used heavily by the banks case in point the culprit i just mentioned wells fargo banned customers from filing class action lawsuits against it during the height of its sales prac

that our c.e.o. might do.over twenty million dollars last year more than one thousand times the average wal-mart. with all due respect i have to say i don't think that's right. people went from pretty simple fine. lives pre nine hundred eighty to the point now where people are the just totally submerged in their financial accounts and they're all in debt and what exactly. the part of the government try to do. to make you think it's worth. the money say this is not how complex and work this is our capital is one goes hopelessly designer roll. another day another wells fargo scandal but this time it has nothing to do with fraudulent customer accounts a new internal review found that over five hundred thousand clients may have been coerced into purchasing unwanted car insurance as a result those clients which already had insurance many of them ended up defaulting on loans in some cases they even had their cars repossessed in a statement the head of consumer lending apologized and announced that the program has be

c.e.o.'s of u.s. health care companies have been raking it in axios analyze c.e.o.earnings for the seventy largest us health care companies the firm found that on average these c.e.o.'s are making twenty million dollars a year with the highest earner making eight hundred sixty three million dollars just in the obamacare era pull all of these salaries together and that makes nine point eight billion dollars since the affordable care act was enacted while it's called the affordable care act we've seen the opposite happen health care costs keep going up and salary increases for health care c.e.o.'s far outpace the economy as a whole. the reason health care inflation is blowing everything else out of the water is because these health care executives are not paid to slow spending c.e.o.'s get a lot of their money from company stock so the goal the personal goal is to do whatever it takes to get the stock to go up that means selling more drugs raising prices above inflation getting more people in hospitals and doing more procedures all of that is the opposite of what heal

health care companies have been raking it in axioms analyzed c.e.o.earnings for the seventy largest us health care companies the firm found that on average these c.e.o.'s are making twenty million dollars a year with the highest earner making eight hundred sixty three million dollars just in the obamacare era pull all of these salaries together and that makes nine point eight billion dollars since the affordable care act was enacted while it's called. the affordable care act we've seen the opposite happen health care costs keep going up and salary increases for health care c.e.o.'s far outpace the economy as a whole. the reason health care inflation is blowing everything else out of the water is because these health care executives are not paid to slow spending c.e.o.'s get a lot of their money from company stock so the goal the personal goal is to do whatever it takes to get the stock to go up that means selling more drugs raising prices above inflation getting more people in hospitals and doing more procedures all of that is the opposite of what hea

the c.e.o. of open table stood up and she was very emotional and had this to say in response. >> in silicon valley today, there is a sisterhood of women who are supporting each other, telling each other about board opportunities, giving each other business ideas. there is a sisterhood. emily: we could have talked for hours, so many differing opinions and viewpoints about the state of the problem, what the problem even is. you guys actually broke down a lot of the numbers. what was the most interesting thing that you found? >> well, i think you highlighted it. it's exacerbated in technical that when you look at the percentage of women in leadership roles, the percentage of women onboard of directors and it's not just women. we have employee resource groups for african-americans, latinos, the lbgtq community at survey monkey. we think the groups that are underrepresented in leadership, it has a real impact, not only on the products you create and deliver, but how you market them. executives need t

bank of new york mel oon has a new c.e.o. -- melon has a new c.e.o.replaces has hol will remain chairman through december. worked for jpmorgan chase's equity fund and also former c.e.o. of visa. and that's your latest bloomberg business flash. coming up, it's classic subprime loans, rapid defaults, sometimes fraud. we'll speak about the u.s. auto industry. ♪ ♪ vonnie: live from bloomberg world headquarters in new york, this is "bloomberg markets." a quick check on u.s. stocks in the see the major averages not doing too much, but they are all in the green. the nasdaq has paired its games. not all groups are in the green today. there are some areas in the market where investors are little mixed. let's go to abigail doolittle to tell us more. abigail: with the major averages trading in very small moves, investors may be on hold as earnings season moves into the heart of earnings season. one high-profile company reporting is netflix. shares had been higher earlier with the nasdaq higher earlier. netflix fluctuating between small gains and losses. investor

some of the top c.e.o.'s and emerging minds in tech hold aspen.in our roster of interviews from the annual fortune brainstorm conference in colorado. first to our lead. chinese and u.s. government officials are meeting in talks, but for trade the gathering between the world's two biggest economies start in the e morning and the closing news krchtion was cancelled. secretary . commerce criticized china over the trade imbalance. accounts for nearly 0% of the u.s. goods trade deficit. if they were just a natural forces, f free market we could understand it, but it's not. time to rebalance ur trade and investment relationship in a more fair, reciprocal manner. emily: bloomberg's international economics and policy correspondent michael us from the treasury department in washington. so tell us what happened, how this?e day end like michael: we don't know exactly how the day ended. are over byhe talks the treasury department isn't saying anything for right now. as you mentioned, the news onferences were cancelled s

former c.e.o. of gilead, john martin, became a billionaire because his drug company charged $1,000 a pill for civaldi, a hepatitis-c drug that costs $1 to manufacture and can be bought in india today for just $4. in this country, sold for $1,000 a pill. and he became a billionaire as a result of that. that is a health care system out of control. and again, our job -- i know it's a c.d. idea here in the united states senate, but maybe, just maybe, we might want to represent the american people and not the sea's of the drug companies and the insurance companies. mr. president -- madam president, some of my republican colleagues have been spending the last few days using words like freedom, choice, and opportunity to try to convince the american people about their abysmal health care legislation. this is the same language that right-wing ideologues like the billionaire koch brothers use when they try to discredit government programs and move to privatize them. what the koch brothers mean by freedom is

could be a c.e.o. what you don't know what you're the to the who see me in a trunk wall clock what odds i'm sure. there was so much calmly sure. some late so mom was handling in a chill place. on the home with me i'm back. and back. to. this bed with her with me a moment ago it can all get a little bit of cold water the. well said i'm a lawyer but i was a little lobotomy it was a problem but i just sort of kind of it was brought up so i understand your career enough to see a dump out and dismal see if you saw the images. that. for the. good. it's this we never really know for sure but this has been. when i started. the economic development is all about really pleased to report this quarter we are on modern six more. but what do we know about the other figures. when i think that that our c.e.o. might do. over twenty million dollars last year more than one thousand times the average wal-mart a says. with all due respect i have to say i don't think that's right. just tell a free market would. people went

and mike's supposed to be the c.e.o. what kind of c.e.o. does that to his people?ou've seen our fountain? lemonis: i have not. this is really what you guys are known for, right? -these giant ice-cream sundaes? -paul: it is. lemonis: so, who came up with the recipes for the ice cream? mike: well, bob farrell actually gave us recipes, but we don't make our own ice cream on premises. we have a third party. that is thrifty. lemonis: and so you give them your recipes, and they make them? mike: no. we use their particular brand. we didn't have the money to be able to do the bob farrell recipes. lemonis: you got to be kidding me. this isn't just some ordinary ice-cream parlor. this is an iconic brand that's been around since 1963, and they're using an ice cream that i could buy at a local drugstore? if you're known for ice cream, you should at least have something that's special, and special to only you. so, can you give me a little tour of the candy store? shauna: sure. -sandy, this is marcus. -sandy: hi. lemonis: hi, sandy. i'm marcus. sandy: it's a pleasure to meet you

when i think about the fact that our c.e.o. mike du made over twenty million dollars last year more than one thousand times the average wal-mart a says c.n.n. with all due respect i have to say i don't think that's right. just how a free market would. people went from pretty simple financial lives pre nine hundred eighty to the point now where people are. just totally submerged in their financial accounts and they're all in debt and what exactly devoid society. the part of the government try to do both nationally maybe. it might be making things worse. by saying this is not work this is. hopelessly disastrously wrong but what was sold you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles that still. produce talk spread it tell you that what we gossip and probably worth while to the point. of advertising tells me you are not cool enough and buy their product. along. with what. they. was going to battle back to the internet from the f.c.c. on july twelfth over forty thousand peopl

when i think about the fact that our c.e.o. might do. over twenty million dollars last year more than one thousand times the average wal-mart a says c.n.n. . with all due respect i have to say i don't think that's right. is that just you know a free market works. people went from pretty simple financial lives pre nine hundred eighty to the point now where people are the just totally submerged in their financial accounts and they're all in debt and what exactly devoid society from the part of the government try to do both nicely. might be making things worse . by saying this is not how capitalism works this is. hopelessly disastrously wrong speaking of failure there's a situation over. the private company where sixty or seventy billion dollars a lot of the radically executives are leaving are left include the c.e.o. who are going to parachute in. simply is rumored shell samberg the c.f.o. of retirement according to c.s.s. and so that i'm sure will be another multi hundred million dollars he's already a billionaire so this could be a multi

the one nine hundred ninety five cyberpunk thriller johnny mnemonic yeah when i was still long the c.e.o. of swedish firm bio hacks whose motto by the way is because of a future get your upgrade now has convinced wisconsin vending machine company three square market to integrate bio technology in their employees and when i say in i mean it the eighty five person company is providing r f i d or radio frequency identification implants free of charge to its employees on a volunteer basis and about fifty employees have volunteered to have the race grain sized implant inserted under their skin between their thumb and therefore finger the chips will then be used to enter buildings log into computers used copy machines even purchased snacks from you guessed it vending machines as three square market c.e.o. todd westby put it quote eventually this technology will become standardized allowing you to use this as your passport public transit transit all purchasing opportunities in response to the news of the wisconsin company becoming the first in the usa to use implants usa today asked its readers

when i think about the fact that our c.e.o. mike du made over a twenty million dollars last year more than one thousand times the average wal-mart is says he had. with all due respect i have to say i don't think that's right. it is not just you know a free market would. people went from pretty simple financial lives pre nine hundred eighty to the point now where people are. just totally submerged in their financial accounts and they're all in debt and what exactly devoid society from the protests of the government tried to do it wasn't necessary maybe. it might be making things worse. i say this is not how capitalism works this is our capitalism goes hopelessly design rome. welcome back i'm afshin rattansi bringing you the national international sports and weather from this week's buried news first as u.s. navy ships fire warning shots at an iranian revolutionary guard vessel in the persian gulf newly declassified documents have shown the key role that oil played in the cia backed coup of nine hundred fifty three to overthrow t

nancy: we got this with the headline assassination attempt to the c.e.o. the grand finale is the bullet fired at the c.e.o. with a thin piece of glass. the c.e.o technology that the military used for years and it uses a thin fill tom apply to any existing window rather than the heavy glass you see associated with bullet resistant. >> we have to protect the emergency responders and the police officers. those that need protection are vulnerable. >> this technology is not cheap. while it's cheaper than installing the thick heavy glass it runs around $2,000 per window. dramatic to see. >> thank you. alison: coming up, a community at risk of being washed away. >> in came out of nowhere. search for survivors after a flash flood rips through a family event killing at least nine people. what happened moments before the s.u.v. ended up lodged in the roof of a home. >> will the potomac mills nationals continue to play woodbridge or will they be moving out of town? we have a quest your brain is an amazing thing. but as you get older, it naturally begins to