and so the trial went on, and on march 5, 2013, all 12 jurors found the emeritus corporation liable for recklessness, oppression and fraud in the wrongful death of joan boice. and they ruled that emeritus executives were well aware of the unfitness of their employees. the jury awarded punitive damages of nearly $23 million. the amount came from combining granger cobb's annual compensation with that of the company's chairman. and the 81 cents? that was to remind emeritus of joan's age. >> it's a huge number. it's a devastating number. but i think it's just a function of the size of my client. i think they are in some ways a victim of their success and growth, and it's unfortunate that because they're large that the verdict, therefore, is large. >> last weekend, i was with some friends and they said, "isn't that... aren't you just ecstatic? aren't you just so overjoyed with this verdict?" and it was... i don't think he thought it was as deep, but for me, i had to sit back, i had to stand back from that question, i had to look, and my honest answer was, "i'm not as overjoyed as i thought i

corporations. when we come back, we're going to learn a little bit about business organization and his perspectives. we'll be right back. >>> raymonde. miles, professor emeritus, former dean of the school of business. he's with us. you are growing up in central texas, and your marriage and working on the railroad and teaching at north texas state and coming through and going through the business school at stanford, and then opportunity opened at the school of business fortunately because it was the only one you applied to. what was your field? what did you engage in? >> i had been doing research in the hottest topic of that time which was managers, leadership, attitudes. i had done that in what was then silicon valley and that was about five firms at that time. 1962 or so. and hewlett packard for example had two divisions in palo alto and they have now got 140 or something like that, so, it was another time. the -- but, companies were -- because it was another time, companies were incredibly cooperative. they were very eager to link with universities on the search, and they were excited about learning which was partly the product of ever depression. partly th