who is the c.e.o. or president of the moment international. reporting control might do coups this see you all. so so so so you know you're the third in the chain of command and you're among like i'll turn were among fifty top managers of you say. it's very hard to criticize it's only a company you're going to finish two point two million associates around the world so largest private employer in the world listen. six months ago when you were still working in russia do you see this job was there any intrigue behind this nomination or he just came out of the blue just a crisis coworkers you know i was invited by my group who is this your four months and he asked me left what if we invite you to join us and why not. it's not friends at work. business partners of business partners or friends or you knew each other with media we. had. opportunities to meet each other about five years ago so all we know each other and. he knows me so he just thought that you're right for the job yeah listen what's your top priority and warmer as as one of the top ma

me exists to serve the needs of the economy or more specifically the society serves the needs of the leaders within the economy corporations and their c.e.o.'s or as they called it in fact so-called news job creators which brought us the greed is good mentality the one nine hundred eighty s. when c.e.o.'s were encouraged to cut salaries of their workers bust up unions pollute the skies and gamble on wall street to maximize well the holy grail then came laws to cement this new definition of the economy massive tax cuts for the so called job creators deregulation of wall street's banks toure's and the so-called free trade agreements so that national corporations could have band in america and morph into trans national behemoths that new business model and this entirely new definition of the purpose of an economy is still with us today. and is one in which profit and making money is the ultimate goal and to hell with the government stability and prosperity of society to advance this reagan as footsoldiers redefine the word freedom to f.d.r. freedom meant freedom from want and destitution freedom at a social safety net but to the reaganites f

to add on to the latest white house story, true or not, ed henry on potentially losing his most loyal c.e.oly or publicly, is rattling the president. >>guest: the bottom line, what they say when you talk to the campaign advisors they now there will be some business leaders not happen the president cracked down on wall street with the new regulations, et cetera. we have heard a last the criticisms before. they also believe there is still some in the business community, including people like jamie dimon who will be with the president. we certainly see that while mitt romney has jumped ahead with more money from wall street in terms of fundraising, the president does a lot continue raisers on wall street and has a lot friends there. they think some of this will balance itself out. the other pressure this president is facing, of course, is the policies of another recession that was raised just yesterday by the cbo they said if the president can congressional leaders do not come together on a deal by the end of the year to prevent the massive defense cuts and massive tax increases that are sched

corporations can coerce you under the threat of losing your job to campaign for mitt romney or whoever the c.e.o. likes the most to hell with your concerns or your politics if you don't think we're living in a corporatocracy folks then your eyes just are not open this latest decision should be a warning sign to us all if we don't mobilizing get active to snatch our democracy back from the hands of the corporate elite and we're all due to time to overturn citizens united and then go a step further and make sure corporations don't hijack our political institutions again by saying once and for all corporations are not people and money is property not speech and it's going to take a constitutional amendment to make this happen to get the work and go to move to amend or that's the big picture first and i don't forget democracy begins with you get out there get active tag your it. question is that so much about the taxpayer's money lending it is a show me if it's not unusual at area managing an affordable sastre list of world facing another and more sustained food prices higher prices population growt

from or the c.e.o. of murray energy c.e.o. rob moore he's saying this was not mandatory or it was mandatory it was not forced at the end of the day what is the difference well i sent i tried to ask them that and they did not respond so i think that perhaps these you being forced as having punishment afterwards because he did stress that nobody who failed to attend was punished so that's you know i say that's good that he didn't punish anybody for not going all right i guess we should say he is a little correction there does he not. and you know this this is not the first time that the company has been under scrutiny back in two thousand and seven they were six miners were killed when a coal mine in utah collapsed and it was found reporters found that the company violated several health and safety violations can you tell us about that well i'm i really cover more ohio stuff and not utah mine disasters but you know the company has quite a record they've also you know if if you were to talk to the radio show host there's a lot of

you think as a prosecutor that there could be criminal charges related to life or manipulation that you could build for c.e.o.'s of firms that were found to have traders manipulating it. you know that's a real question of how they approach these cases you know the conduct so far we haven't seen that type of direct evidence that would give you the confidence to bring charges could prove beyond a reasonable doubt but there certainly are suggestions that might be there and of course what they need to do though is you need to start charging people you need to start putting people in cops and pressuring them to stop their bosses that's how you get the big fish you have to start somewhere that hopefully will see that soon start with the mid-level executives and work your way up the ladder and find out if this is something that is being known about and approved to the highest of levels and that really goes to so many of these cases whether it's robo signing we saw in the aftermath of the crisis as well you've got to start somewhere and we haven't seen that action yet even though years of years have gone by why do y

c.e.o. walter rah. >> it's not good for farmers or concealers in any way, shape, or form but manageable, i think. >> reporter: manageable because the u.s.d.a. says the prices of farm products like corn and soybeans make up only about 14% of the average retail food purchase. even if all farm products doubled, retail food prices would increase just just another 14%. but the drought is increasing demand around the world. the global price of corn jumped 23% last month. >> so you can see volatile prices and higher-than-normal prices until we get a good crop from our own farmers here next year. >> reporter: that's if we get a good crop. the overall impact on the u.s. economy is expected to be modest, though, because american households typically spend about a sixth of their budgets on food and shoppers often switch to cheaper items. >> schieffer: but, you know, anthony, if it does not rain and if these food prices go up 10%, that is going to have an impact. >> reporter: we're going to have a pinch and it won't help an economy already struggling. it's not like gasoline, bob, there's only one place to go. you can sw

term because whether it's politics and you're working around an election campaign cycle or business and you're a c.e.o. that's managing earnings and managing expectations on a quarterly basis you're always looking at the short term picture it's such a great point and you mentioned when you look at that bigger picture it's a much more dismal economic picture than any one piece of optimistic data would suggest you know we have g.d.p. that now is just inching along and us we have manufacturing numbers that show that manufacturing is slowing down in the euro zone in china just more of a bad picture but yet the stock market doesn't seem to be reflecting at least what i see as the economic reality that it should which is more dismal then these excited rallies that we see so why do you think that is. well there is a there are a lot of reasons for that but one of the things is investors are very aware and they've sort of been conditioned on purpose by the central planners central bankers to to basically not sell you know when you're if you're a huge mutual fund company and you're you know managing let's say t

c.e.o., richard fuld, has publicly answered questions about his firm's bankruptcy has been in front of congress. >> richard fuld: i have absolutely no recollection whatsoever of hearing anything about ors related to repo 105 transactions while i was the c.e.o. of lehman. >> valukas: he said the same thing to me face-to-face. >> kroft: do you believe him? >> valukas: there was evidence which would show that that's not accurate. the president of lehman brothers told us that, in fact, he had conversations with dick fuld about this, and documents were shared with him which would reflect the repo 105 transactions and how they were being used. richard fuld's view on that was that he has no knowledge of it. you have other evidence that he did. a jury would have to decide who's telling the truth. >> kroft: but so far, there has been no jury to hear the evidence. despite valukas's findings, and the supporting documents and testimony to back them up, the securities and exchange commission has not brought any charges of any kind against former lehman executives. for the past few months, we've made numerous requests to interview the s.e.c.'s head of enforcement. all of those requests have been de

four hundred forty million dollars in losses in just a half hour overnight capital or a little less i guess actually the c.e.o. reportedly told clients the firm lost two hundred seventy million dollars after taxes in a letter obtained by bloomberg now when it comes to markets and the average investors is this what humans are up against when it comes to the power of the algos. we'll have to say it sure seems like it and there are plenty of facts to back that up so we don't know yet exactly what happened at night capital the specifics of what went wrong with their computers or trading software or why it took so long for them to catch it that's the real clincher but let's really get into what we do know about dark pools and high frequency trading earlier today i spoke with scott patterson he is author of dark pools high-speed traders bandits and the threat to the global financial system i should also say he's a wall street journal reporter and i started out with a story from his book that is well documented that we do know it's the firm trading machines and it was trading the spider e.t.f. and this whole scenari

or shenanigans. max keiser when you look into this mirror who do you see. well in fact you may be seeing jeannie diamond i think if you read this first headline chase c.e.o. placing blame hurt to qana me look no further than the mirror if you want to know why the economy remains so sluggish says the c.e.o. of the j.p. morgan chase and company it's because of us we scapegoat each other we point fingers said jamie diamond while touring ohio no mirror mirror on the wall who's the cricket is banker of the malts jamie diamond this is a classic blame the victim routine i think he's implying that. we're just gonna give it the old college try and try harder to overcome the stagnation of the economy the fact that diamond cut off billions of people from bank accounts because they were discoursing enough you have legal shakedown money the fact is going to evolve an innumerable crooked scams over the past years. paid a small fine and bankrupted the economy none of them plays it's all about jimmy's vanity well they talked about him being in a tent next to a j.p. morgan chase branch there in ohio and he's meeting all these guys all the employees have to live in the ten

c.e.o. who fired people that they knew, or is he the businessperson who was successful in a way that built companies that would create some new jobs? and, you know, we've talked about the many things he wants to do, but i think your point earlier was right, in the end the key for him is to convince people not that he's the most likable because he's not going to win that battle but he is the most competent to deal with the issue of the economy which is by far the overriding issue in this election. >> charlie, isn't that part of why it is important for him to come out of this-- maybe he's not going to win the likeability battle, but to come out of this as somebody who voters think-- actually, all the attacks being thrown at mitt romney i don't believe them. actually, he seems to me like a decent guy. he's not going to slash my medicare or take away my social security or cut my entitleiments. i don't believe those accusations. i think he's an okay person. he's not going to win the likeability but there is some value in him in countering the attacks of the obama by coming across as somebody the voters t

c.e.o. of a health insurance company he had over one hundred employees at united health care who have made over one hundred million dollars or who are may excuse me who are making over a million dollars take their money and dispatch it yes absolutely stop giving them money as corporate c.e.o.'s and start using that money for preventive health care. what's wrong with that there's there's positively nothing wrong with preventative health care that's why we've got to be much more friendly to corporations that endeavors to do important research to help us to allow them to deduct those costs right off the top while they're going to already do that a as a real most of our most of our real medical research and as it is done by the universities and it's paid for by the national institutes of health as as you know the guidelines for big pharma are extraordinarily strict and they've never been made permanent so what happens on fortunately is these various lobbyists have to go to the hill and try to persuade them to extend these these tax credits and cuts and that creates a lot of problems in the system the system that we have is very

who've been criminally charged with the to try to steal from the program or profit criminally off the program our biggest case was a c.e.o. of a financial situation down in florida called c.b.w. which actually had conspired with another bank colonial bank to steal more than a half a billion dollars of tarp funds and we were able to stop that fraud before the money went out the door and lock up a bunch of the bankers who are you know who are involved in that fraud including that c.e.o. is now serving thirty years and we also saw a lot of fraud that i think that would have been preventable which was fraudsters taking advantage of struggling homeowners through that broken bad mortgage modification program you know that we've had debt if i had i'd seen similar schemes from my prosecutorial career and i remember literally begging the treasury department to go out there with information campaigns for advertising so as to warn homeowners about this type of fraud in advance fee fraud where basically bad guys promise to get modifications for upfront fees and do nothing but unfortunately treasury really ignored my concerns and and

c.e.o. hopes financial institutions will buy the software because he says he believes there's a pressing need financial institutions he says could sink billions by spotting fraud or insider trading by employees or catching financial advisors giving on up the coal or illegal advice u.s. senate hearings later revealed that in two thousand and seven before the financial meltdown goldman sachs employees wrote e-mails bragging of selling blatantly terrible investments to clients the c.e.o. of this company says his software could have helped compliance departments catch such activity the problem is the spawning fraud the problem is they don't have a problem spotting fraud we just we just thirty seconds ago said goldman sachs was found committing fraud so the problem is not can we find the frog we're swimming in the this company of course will probably go public in a fraudulent way brought public by the same fraudulent banks and then they'll discover more fraud and then the justice department will be back on the events ok so here we have the department of justice. you know agreeing with jamie diamond that there are no banks there is in this global economy now we have th

c.e.o. grabs and eats eleven of the cookies and then looks at the tea party or and says look for the union guy he wants tea party or cookie it's exactly what's happening and it's got to stop we need to be at night here in america those who belong to the working class or nation corporate workers and government workers pretty much all want the same thing a comfortable middle class life they want to raise their family put their kids through college enjoy some leisure time all without going in debt up to their eyeballs. and as long as we're divided that quality of life will remain a distant dream for far too many people we can't let the g.o.p. succeed in dividing us. let's stop the race to the bottom stand with our neighbors realize we're all in this together and reclaim the american dream for all workers. welcome to the land of the left in the republican national convention in tampa bay florida at the end of the month known by many as the left lap dance capital of the world as a result of the influx of visitors and the droves of republicans the sixty strip clubs in tampa are gearing up for a very

c.e.o. puts a couple million dollars in his pocket as a bonus and then after a year or two fades away even though the long term result has been catastrophic for for his company what is your concern if these policies continue are you worried that it could have a negative impact on the u.s. i think it to be a negative impact on the whole world to have the world's. worse human rights abuse are which china has. to have enormous economic power and transferring that to military power and i think you will find the china is becoming is already becoming much more aggressive than it was twenty years ago and i think you'll find that places whether it's russia will find for example that china will start making claims again to territories that were taken at the time of the czars from china china now claims all of the south china sea they claim huge areas in the india that's the size of texas this is a regime that's made arrogant land claims and i might say frightening lying claim flat land claims because if they try to move forward based on those claims nobody's will come close to a war and i think russia and

c.e.o. let us go into his room so we could be with him a little bit more systemic or nearly. we haven't. heard or a lot like in the movies there's the subtle machine that shows the condition of the heart a lot like you need to believe the last hours of what i thought. started vibrating and beeping. and that line has started to decline i think is that. we must. we immediately called the doctors they came and started massacring us hard yes the worst novel so much that you got to put them on life support and so forth. if it are we shot a turned out i don't know if he could take hear us we were trying to get to a subconscious i want to be in prayer for until a little machine stopped working like me. but the beeping kept getting fainter and fainter until in the end it was all over. he said. i could never imagine that this tragedy could happen to me i could never have imagined it. they miss purpose of you're afraid when you know yourself. but you never think that they'll bring him back to you in a coffin and. with his broken camera i don't know. just. two cameramen two friends lost their lives

c.e.o. darren gersh, nbr, washington. >> tom: we asked our facebook friends what they think is more important, business or political experience. david houston wrote, "political experience. running a nation is not the same as running a lemonade stand, even if it is a big lemonade stand." gordon gerber says neither, "leadership skills are the most important attributes a president can have." you can join the conversation on our facebook page. you can find us @bizrpt. >> susie: next week, we'll be looking at president obama's record with the business community. and on labor day, we will focus on an issue that economists are paying a lot of attention to, the fiscal cliff. if nothing is done to head off automatic spending cuts and tax increases scheduled for january, economists say the u.s. will fall into recession. on labor day, we'll tell you why and what the fiscal cliff could mean to you. >> susie: shares of google bounced back today, up almost $8 as investors reassessed the impact of apple's sweeping legal victory on tech players like google. is that a game changer for google and it's android system? to answer that, we turn to

said and done in a perceived safe haven like a treasury or or government bond well let's look at today's news cycle p.s.g. he's founder and c.e.o. arrested he admitted in his suicide note he attempted suicide two fraud going on according to his note undetected for twenty years so does fear over protection of your property rights factor in to what our guest calls a bubble in perceived safe havens where you don't have to listen to me can hear from him more of our interview with jim grant founder and editor of grant's interest rate observer he's also author of this book mr speaker the life and times of thomas be read the man who broke the filibuster take a listen. when you talked about a bull market in safe havens and people willing to level in a bubble in the same bubble incident perceive safety now see actual safety we we see in retrospect very clear all that was safe. and but paradoxically that which is substantively safe often appears unsafe for example the. two thousand and late two thousand and eight early two thousand and nine. so-called toxic mortgages selling at twenty cents on the dollar actually proved to be a fantastic