ex-enron.teresting about this company, as he's grown it and amassed millions, he owns almost a third of the company, somewhere around $8.5 billion in terms of the value of the shares he has in the company. he also takes only $1 salary but he can afford to do that. in 2012, he exercised some options, his stock was worth $1.1 billion. >> let's move on to a couple choices that weren't on our list of the top 200. that's not to say they may not ultimately be on the list of the final 25. >> i think richard kinder might agree with me because kinder morgan would not have all the pipelines, be able to transport all this energy and also benefit from the energy revolution if it wasn't for this boom we are seeing in natural gas and who is the father of that? who is the father of fracing? george p. mitchell. he is the person who in the 1980s and '90s really pushed for hydraulic fracturing and horizontal drilling and that of course as we know has been adopted not just all over texas but pennsylvania and nort

and one supposed to be keeping an eye on everybody else now after the enron and world com scandals sarbanes oxley that was supposed to hold c.e.o.'s and c.f.o. as accountable why do you think we haven't seen more senior. or auditors of banks get charged with accounting fraud in the wake of this financial crisis. well as many have written the prosecutors believe that charging individuals with accounting fraud is really really really hard it's much easier to take a general viewpoint the corporation and say well let's look at certain transactions and let's keep finding them finding them as we're seeing with j.p. morgan however individuals are the ones that run those organizations and the prosecutors are unwilling to make the cases for individual culpability they have to prove that somebody did something wrong and that they knew they were doing something wrong but they seem unwilling and unable to hold individuals accountable and take the consequences of perhaps pointing out people like jamie diamond or john core design or some of the other people that were in charge of bear stearns or lehman b

s will be nonevent wow well if you think about enron we like their accountants they're pretty stand up accountants before. now but back to my question what i want to say you know herbalife they certainly have the cash flow to to fund this buyback effort that they're talking about but by taking on new day they now have the ability to accelerate that effort is this a good thing or does it just give them another tool yet another tool for taking advantage of a stock price that's trading below where they believe it should be who did the we need to legalize form of stock manipulation buying. the stock to was very active and to punish them to punish what sells in the short term it works but in the long term it destroys the company's long term business prospects. ok and i mean that's a problem obviously now we can talk about herbalife forever but i think people might get bored of it so i want to turn now to j.p. morgan who now we recently learned that the bank c.e.o. jamie dimon received a whopping seventy four percent raise this year and take it home now a total of twenty million dollars that

adam, in this enronment, whether you can say this is important, there is this other little detail that high priority super spending needs should be addressed. even then we're putting it all on credit. as much as they remind me of the importance of the catfish thing, i guess we can say there's a separate provision carved out for goats, i think now is not the time. that's all i'm saying. >> the good news there is over the long hall, this bill does increase spending. >> no, no, no. careful. it decreases the rate of increased spending. >> okay. fair enough. >> that's savings, by the way. >> as a matter of fact, charles, you're going to love this. >> at mitt it. >> no. i think it's silly that we have federally sponsored crop insurance. those private companies should provide crop insurance if crop insurance is a good idea. this is not going away. >> but it should go away. >> why have we done this -- a segment of this on tv has been done aot of times. why is that? it gets to your point. al doma toes get in there. rand pauls get in there. >> charlie, adam made a good point. a lot of these are

today your doctor all for they grew up middle class or better and something happened something from enron to an illness with no health insurance through financial collapse whatever and very rarely was the trigger out all or drugs usually. most of the people i've got into their substance abuse problems after they've been a. mile this is my daughter she's like everything you know i love it so much it's actually changed now for i was like wow. you know i mean where did i good night right now and is ninety. eight she been for over to. my dyson my cousin but her mother just don't want her around me. it's not a memory make some test steeped in the matter we read whatever gadgets memories change goal you have no memory you know had no kind of like inclinations on anything this beautiful was. something that sticks out in my. life may well. be told we deep into a depression. strain is a team you know you want to keep subsumed into a position you can't find your way out. no i really don't have anybody. you know that guy is somebody. i guess if. i guess. let's have a moment of grace for our meal and

students today doctoral for they grew up middle class or better something happened something from enron to an illness with no health insurance through financial collapse whatever and very rarely was the trigger out of all or drugs usually most of most of the people i've got into their substance abuse problems after they've been. filed this is my daughter she's like everything you know i love it so much affection change now or i was like wow. you know life where did i goodnight now right now and is ninety. minutes late for over to. my daughter she was on my doesn't but her mother just don't want her around me. memory make some test speak been no matter we read whatever gadgets memories change going you have no memory you see you had no kind of like inclinations and anything this beautiful was something that sticks out in your. life they were. told we deep into a depression. stew a s. h. t. you know you want to change subsumed into opposition you can find your way out. no i really don't. i mean you by. feel like i somebody. i guess is. i guess. let's have a moment of grace for our meal an

sister's kids today doctoral for they grew up middle class or better something happened something from enron to an illness with no health insurance through financial collapse what ever and very rarely was the trigger powerful or drugs usually most of most of the people i've got into their stuff to use problems after they've been a. mile this is my daughter she's like everything you know i love her so much she's actually changed now or i was like wow. you know life ain't worth living i didn't marry right now and is ninety. eight she's been for over to. my daughter smiles on my cousin but her mother just don't want her around me. it's not a memory like sometimes sleep in no matter we read whatever you had with members can she go and you have no memory you had no kind of like inclinations of anything this beautiful or something that sticks out in your. life they were. told we deep into a depression. stew is hasty you know you want to change the subsumption into opposition you can find your way out. no i really don't have anybody. you know that guy is somebody. i guess in. a. good way i guess. l

gets going it's not in the enron, it is something to be cherished. but an affirmation. this is our reality with a lot of social and public functions. some of them desirable that the deeply troubling. but the functions challenge our beliefs to misconduct. >> host: you tell your story of the hippocratic myth through case studies and you open with a story about your mother. wide? >> guest: because it is so personal. it is personal in a way that all the most agonizing medical goods. the story of my mother's slow passing from leukemia. at the end she's in a hospice program and she was being kept alive by platelets, cells that cause blood supply, which the bone marrow could no longer make. unlike some cancer, for instance, lung cancer that killed in an agonizing way of leading a person to not be with it as the person point of death. with leukemia companies stay with it cognitively and emotionally until virtually began. so my mom wanted to stay with it as long as she could. the platelets are expensive and the hospice program didn't want to pay for the platelets. the hospice pr

kids today doctoral for they grew up middle class or better something happened something from enron to an illness with no health insurance through financial collapse whatever and very rarely was the trigger powerful or drugs usually. most of the people i've got into their stuff to produce problems after they've been. filed this is my daughter she's everything you know i love it so much she's actually changed or i was like. you know like we were living i didn't know right now and is ninety. laich or over to. my donation i dasn't but her father just don't want her around me. it's like memory make some toast to sleep in the mud and when you read whatever you had with members can she go you have no memory you see you had no kind of like inclinations of keeping this beautiful was something that sticks out in your my. life they were. told we deep into a depression. stew in this case you know you want to kill subsumption into a position you can't find your way out. no i really don't have anybody. you know that guy is somebody. i guess and. you get what i guess. you're. going. to. get. let's h

something happened something from enron to an illness with no health insurance through financial collapse whatever and very rarely was the trigger out of all or drugs usually most of most of the people i've known into their stuff refuse problems after they've been a. mile this is my daughter she's like everything you know i love it so much it's actually changed now for i was like without. you know life where if you didn't i goodnight now right now and is ninety. minutes . late she's been up for over to. my door he smiles and i doesn't bother me but her mother just doesn't want her around me. it's like memory makes some tense steep in the matter we read whatever you gadgets members change goal you have no memory use if you don't have no kind of like inclinations of anything this beautiful was something that sticks out in your mind . life they were. told we didn't fall into a depression. string this tasty you know you want to change the subsumption into a position you can't find your way out. no i really don't have anybody. you know that guy is somebody. i guess it was. me you give me i gue

the two sides remain far apart on how to parent enron's activities. nhk roads i see it in essays in piano and is following the developments. we present it is from the five permanent members of un security council germany and iran gathered here in vienna for this round of talks. they will build on progress made in negotiations late last year. in november. you made an officer of equity to suspend part of the nuclear enrichment operations in exchange for an easing of sanctions. the temporary agreement came into effect last month. the talks in vienna with renewable more complex issues. leaders from western powers want to ensure that you're on board to acquire nuclear weapons capacity. they likely to demand conditions including scrapping their time on the unfinished iraq heavy water reactor. experts say the rain inside will insist on the right to use their nuclear program for peaceful purposes. and that sanctions should be lifted old together government offices in tehran denied having any new three goals. eu foreign policy chief spokesman michael mann says

john arnold a former enron trader turned billionaire who has been waging a legislative battle to cut the retirement benefits of police officers firefighters teachers and other media school workers. basically big. does that say a kind of right wing doctrine it also to do that protects billionaires for instance from having to pay higher taxes to focus the state legislative and budgetary debate on the idea that pensions are bankrupting states means that billionaires like john arnold don't have to pay a little bit more in taxes to make sure we meet those pension promises to those workers that's who john arnold is what we didn't know until last week is that john arnold amongst other political activities in state legislatures john arnold through his foundation was funding a new series for p.b.s. called the pension peril that was airing on the p.b.s. news hour the pension peril obviously in in it's very title is skewed towards the idea that the pensions are causing a great emergency in states and communities he was secretly funding this series for p.b.s. p.b.s. was not explicitly disclosing

apparently this is smart except after the collapse of enron they also were supposed to stop financialuds like bernie madoff and others. government is a hammer and government is force. when you have a hammer, everything looks like this. but there is a better way and they private sector way. the power of reputation. i won't go to a movie anymore without checking iran's maeda's website. when i travel i look at what other people say about the hotels. a test is more than a certificate of approval from the department of business regulation. jason lewis agrees and alan colmes says this as well. >> look at all the trees that died without. [laughter] >> stop financial fraud. >> dodd-frank quantify the loss that we codify the laws that we have in place them and put them on steroids including bailouts come in telling lenders that if you redline or discriminate the doj is going to sue you. if you make loans to low-income people than you are predatory lending. >> they had no choice and now they are selling them under dodd-frank. if you do we will have an orderly liquidation. note that is code for

iranian officials are due to meet with negotiators from six other well how is this three months of that enron agreed to cut the ring and enrichment in exchange for the test of international sites and the follow on this story up into action the fact that saddam had that joins me in this tj had done the talks was surprised that an os three days but already thinking of extending them i was not expect. this has never been a pc talks of this nature there are so many issues at play here a ruler i mean look at what is interim deal is this engine deal was with a six month holding pattern. they essentially what you said agreed back in november. they said they're buying time. you are buying time until they could sorta figured out a way to sit down and agree on the so called war crime and anti shia staff of more longer range deal is good by not protecting its own nuclear standoff. it's not to be resolved overnight soak lot of people saying the six months the deadline i think is late july to like twenty two ambitious a more realistic time frame might actually be anywhere from one to two teeth in three ye

sultans been known to be engaging in massive problematic schemes of arthur andersen and enron for example going back and none of them have really just like the banks have not gotten stopped their behavior of larceny these big four accounting firms have not stopped their larceny either their fraudulent behavior and aren't they advising the mayor isn't there a simple symbiotic relationship between the mayor's larcenous tick tendencies and these big former big four accounting firms need to let that happen it's really good talking to you because you're language isn't even stronger than my language when you talk about lawlessness on and you're next but you actually have financial sector and i happen to i'm somebody who just sits there and watches boris more closely i don't know who has meetings and it's an interesting question because i can't osc who he has meetings late but i would say probably he doesn't even need to have them because he is so he is so trusting he thinks that the banking sector the financial sector really really benefits london and he can't see any problem for that so they m

but, after the collapse of enron, a law called sarbanes-oxley was supposed to stop financial fraud, but it did not stop madoff for credit bubble, we get more rule, government is a hammer, when you have the hammer. everyone looks like a nail. there is a better way, i won't go to a 5 an movie any more before going to the rotten tomatoes web site, what i travel, i go to web sites too see what other tourists said about the hotel. libertarian radio host, jason lewis agree, and liberal radio hostal ape -- >> look at all of the trees that died for that prop. >> there are always crooks. if we didn't have collapse in 2008 maybe we would not need fur legislation. >> dodd-frank codified the law we had i place, including steroid, and bailout, if you make loans to low income people, you are predatorial ending, they had no choice, now the government tells them under dodd-frank, you do we what we say, we'll have an orderly liq liidoing, code word for bailout. >> republicans and conservatives and libertarians, less government, less rulation, then government collapsed, and dodd-frank corrects them. >> w

made trading agricultural futures than actually growing crops in the energy business whether it's enron or others the most money is made trading energy futures and that's where the focus is on it's not on the actual business of drilling and exploiting for energy itself so this is why it's very important for the central banks to keep interest rates near zero percent because most of these companies around the world the s. and p. five hundred are in the financial ization game they're trading to rivet is based on their underlying economic activity and instead of doing the actual think that there's no profit margin and growing food there's no profit margin in making cars there's no profit margin in pharmaceuticals there's only profit margin and borrowing money and zero percent speculating wildly if you make a mistake you get bailed out if it's the terms of a winning bet you keep the profits it's heads they went tails everyone else loses that's what financialization is all about as long as interest rates are at zero percent are going to see that continue at some point interest rates are going

this is in the anyone in the region so the atmosphere is pretty out pretty good pretty special and enron sochi on the region of the monuments on every single evening as well as the site was a fireworks display will fall from here on out no expense is that this respect i cannot know what the thing that has been obviously dominating the headlines recently as the security situation in saatchi so what if the security situation like from your perspective in the olympic village. well the only noise is what came in for the security presence to the reassuring rather than depending on around fourteen thousand population security office to office is to walk in and around the silky region at the moment as a side that organizes mccain that the presence was an intimidating it was a night of the ring and i think it is reassuring everyone knew the pdc oswalt got on about police officers walking around it does. i reassure you that the area is out is pretty secure all. ghost was a lot of talk about the sun cauldron of scale and doubt about that the unrest of all the rest of the main focus is region is no

ver enron, across from the nation's -- >> matt: mt. vernon, across from the nation's capital.ally from us, a thought about memorials and memories. a national project that brings american heroes to its historical markers and helps restore and repair the wounds of time. >> my name ask eugene huff. i travel across america restoring monuments and preserving american history. >> eugene huff served nine years in the pennsylvania national guard. now he spends his time restoring monuments that honor the war dead and in the process, heal those who fought. >> people need to understand that monuments are living history memorials and they have an opportunity to learn about their communities and themselves. and thus, we need to be stewards for these sites. i've been doing monument preservation for the last 15 years. in a typical year, i do approximately 15 to 20 monuments, depending on the size and the nature of the monument. across the united states, there are several thousand monuments that are in need of care and restoration. if we lose our monuments, we lose a piece of ourselves. >> to

apparently this dodd frank, this is smart, except after the collapse in enron a law called cher bane was supposed to stop but it didn't stop persbernie f madoff. >> you get more rules. government is a hammer government is force. when you have the hammer everything looks like a nail. but there is a better way a private sector way to protect consumers without force. the power of reputation. i will go to a movie any more, i won't go without checking the rotten tomatoes web site. when i travel i always look at what other tourists wrote about hotels i might stay at. i trust this more than any certificate of approval from department of business regulation. libertarian radio host, liberal host says... >> look at all of the trees that died for that, huh? >> stop financial fraud not just the beginning. >> if we hadn't had the collapse in 2008 maybe we wouldn't need to have furl thurr legislation. >> they put them on steroids including bailouts telling lenders if you red line or discriminate, your predatorial ending. they have no choice. you keep doing what we say at had you had or anyplace el

john kerry was the favorite to win the nomination on that date and during that month when former enron jeffrey skilling turned himself into the fbi. the infamous super bowl wardrobe malfunction happened between justin timberlake and janet jackson. >> ten years ago i think jeff ranieri was at nbc and 3 d rock in new york. about that time? >> you have a well-rounded look at my bio. >>> a live look at the radar, it's dry as it stands around but we'll change that throughout the next three to five days. in fact, as we get a look at the pacific, it's a huge plume of moisture piling into california and that's not only going to give us rainfall for one or two days but rain chances in the forecast for the next six days at this point. probably the longest stretch of wet weather we have seen potentially here in over 200 days for the bay area. more on the timing of that coming up in about one minute. let's take you outside. temperatures right now are trending in the low 50s. only spot in the 40s is the north bay. it's going to be cold tomorrow morning, just not as cold as we had this morning. 52 r

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amen i say enron as they would be say in france or germany. from now the comments made by the disgraced comment it goes back to two thousand and nine in the contested re election now i'm short or problems but in two thousand ft seen a prisoner on honey was elected last ye. for this round of elections. i know it's a habit of ours and he was conversational any finish this elected in elections that would be seeking to mention acknowledged that its free elections in india as a compliment the union president or his election as president. so we should go back to history and come back and rest and will proceed with the relevant arguments in on bashing a man. in our matching arguments are in the way and of course we can sit down and some people talk about the pay to ship two contenders in the bed to read today. he remained government signed an agreement with the group of five plus one as ambassador to find out which is binding upon iraq the entire veto wielding members connected nations security council scientists but one with iraq and this document p

he took a small independent oil and gas company that was spun uh off by enron in 1999, and turned itamerica's first new major oil company in ages. yes, the large independent. in many ways, papa is the father of what we know now is the domestic oil and gas revolution. he made eog a leading player in the rebirth of the permian. plus, the company papa left behind is still going strong, even with its $50 billion plus market cap, eog continues to grow like a weed. in its most recent quarter, the company delivered a magnificent 40% increase in oil production. do you know that hit an all-time high today? mark papa, you did a heck of a job and we are sad to see you go. last but not least, we have the golden bull viewer's choice award for best picture. we've been taking your votes all week for this one @jimcramer on twitter, so which stock did you, the audience, pick for best picture? you chose facebook. now, i thought about overruling you. i thought about overruling the viewer's choice here, because, of course, this is my show. and i'm allowed to be as arbitrary and capricious as i want. my

within limits that are acceptable to us the world centrifuges would have to go which is something that enron said he would consider. this is indeed one of the points that will be dealt with. in the comprehensive agreement the number of centrifuges so as we know iran has twenty thousand tonne few are among the centrifuges. on one thousand are second generation centrifuges to enrich much faster. um and i believe that's the diplomats western diplomats would like to be wrong to have around. a few thousand cent if you'd use for thousands of centrifuges. so on the wheel gift. maybe more confidence in order to sign a final deal but peace will have to be temporary because iran will refuse to be. no cheating to simply as part of the nonproliferation treaty tv i've seen a tree. they will have to accept that as a hoax and contingent. closing centrifuges is like tom curley that he could as a confidence building measures indeed. except not to enrich it with their ten south thousand centrifuges that our current unit change. but this would have to be for temporarys iran will probably have this on the table

you may recall arthur andersen had problems during the enron years. somehow what survived from all that ended up being acquired by an irish concern. jon: yeah. the u.s. postal service had problems with accenture's work according to "the washington post." back in june the inspector general for the postal service wrote that, accenture demonstrated an absence of business ethics. but these are the folks who have been brought in to fix the obamacare website. >> the inspector general at the u.s. postal service is one of the best igs in the government. i've had some dealings with him. he is very, very competent. it doesn't surprise me you hear these kind of comments about a federal contractor with the kind of background that accenture has. about 40%, most people don't know this, 40% of all federal contracts are issued on a non-competitive basis of one kind or another. including this latest one for fixing healthcare.gov. when you have non-competitive bidding for contracts, basically what you're doing is just handing people money and it is very difficult to ke