tom: ellen kullman went out the door in october.do not want these activist shareholders to tell me there is no growth, no nominal gdp, we are not going to get this done. she is shown the door. they bring in and green from tyco. -- they bring in and green from tyco. bill: it is about maximizing stockholder value over a short-term timeframe. it is what we're seeing across the breadth and depth of industry. it has been a sea change, and that chart shows why. it also goes with this triumphant cry that the only thing that marries -- they only thing that matters a stockholder price in the very short term. building long-term, the flipside of this is why larry page and mark zuckerberg retain control of the business away from stockholders who are constrained by beating the index in the very short term. google can afford to do science because the people who control the company can have and do have a very long-term perspective. tom: francine? francine: when you look at shareholder activists, they want to streamline, some of these companies to

betty: and led to the departure of ellen kullman. just making sure they were on board probably didn't hurt them. you have more expertise to do this. it doesn't make sense what they are doing. it didn't hurt them. betty: he did it. jason, what about pressure on other companies? jason: there's a couple of levels of pressure in the agricultural space. you have a lot of heated merger and m&a activity. china has made a bid that was rejected. a lot of activity there. a lot of pressure on the major local conglomerates. this is a philosophy change in a way where the u.s. chemical firms are looking at major firms overseas, a $90 billion revenue company, and saying that rather than these massive conglomerates , we are going to go at this whole thing in a leaner and more logical way. there will be pressure to spread the focus. and so you probably see a lot of dealmaking in the specialty forical space with a mecca -- the megafirms as well. betty: thank you guys for joining me. for more commentary for dfly, gadf on your bloomberg terminal. lots o