in fact we just spoke to eric schmidt himself. who else made the cut? has been telling us their stories all morning. >> we started at number 15 this morning. we're now up to number eight. what started as a project in his dorm room transformed him into a hoodie-wearing billionaire and transformed how we interact online. here's number eight on cnbc's first 25. ♪ >> when we first launched we were hoping for, you know, maybe 400, 500 people. now we're at 100,000. who knows where we're going next? >> try more than a billion users, from around 80 uncans communicated in about 70 different languages. >> nothing ever has been done like that to connect so many people in so many ways. >> at the beginning, no one, maybe not even mark zuckerberg could have imagined the revelation facebook would usher in. here the 19-year-old is in 2004, introducing to a national audience the web side he and three harvard buddies started earlier that year. >> what is the facebook exactly? >> it's an online directory that connects people through universities and colleges. >> at that p

. >> that really is eric schmidt. >> if you want to live here, you have to deliver. >> i heard you. poser. he didn't even write code. was the engineer who created the apple, right? >> i love this steve jobs thing, too. >> is a whole lot better than a bravo show. >> a programmer would never wear a blue shirt. $200,000. 10% of your company. >> can you imagine zuckerberg eight i would give you billion, ok 19. >> it is totally dead on for what the offers are. urgency creates either an acquirer or if under. no one is interested until someone else's. >> when we're sitting down with barack obama, i said we are the world a better place. hierarchies elegant for maximum code -- >> the thing is, i think there are plenty of companies right now that make that claim. i think all of it gets a little awkward when that happens. >> i was thinking is this an exaggeration, but it is not very it >> what company did remind you of? dotcom. ry major.co >> it makes you cringe. it is something that judd is brilliant at, the cringe. >> kudos to mike judge. he must've had an internship at google recently. >> t

. >> that really is eric schmidt. >> if you want to live year, you've got to deliver, like steve. >> wozniak? >> which one? >> jobs. >> jobs was a poser. he didn't even write code. isi think steve jobs amazing. wozniak is the engineer who created the apple. >> i love the steve jobs thing. >> you can totally imagine a couple of engineers having that discussion. >> it was a lot better than that rob o show. >> that's a fallacy. two hundred thousand dollars. 600,000 for 10% of your company. >> can you imagine zuckerberg saying i will give you eight ilia dollars question are >> the arbitrary nature of the whole thing is totally dead on. -- it's justrs are based on nothing. >> urgency creates either an acquirer or funder. no one is interested until someone else's. >> we were sitting down with barack obama and i said we are making the world a better place. >> changing the world by making enterprise software. >> it's ridiculous. >> i think there are authentic countries right now that make that claim and i think all of us feel a little awkward when that happens. >> at first i was thinking is

stuart: we have the story on steve jobs, eric schmidt, nasty e-mails and lawyers who will win big. amazon, big loser. and bad news for realtors and just about everybody else connected to housing. the number and value of mortgages is tumbling. the world that market weighed down. is this what russia is doing? please look at this spectacular video otherwise known as free advertising and guess what? this is not from go pro. big shows this friday. "varney and company" is about to begin. ♪ new developments in and around ukraine. the market does not like it. russian troops lining up at the border, vladimir putin says there will be consequences if ukrainians go after perot russian forces inside the country. john kerry says if russia ignores the agreement to be escalate the crisis it would, i am quoting now, not just be a grave mistake but inexpensive mistake. he is threatening more sanctions. what is the financial response? the russian stock market is in free-fall, standard and poor's cuts russia's debt, it is one notch above junk. moscow hikes in interest rates. look at that, the dow a bi

facebook's chief operating officer sheryl sandberg, google's executive chair eric schmidt together reaped$200 million in profits after dumping their holdings on the open market. a little editorializing. but it all happened before the big sell. see, they're smart for a reason. take a look at facebook. between the beginning of the year and the start of this month, sheryl sandberg sold more than 15% of her facebook holdings, pocketing roughly $110 million. she either did it herself or she's got great advisers. google's eric schmidt made more than $100 million by selling roughly a third of his google shares through the end of march. google founder larry page and sergei brink, they too, smart, saw the big runup, linkedin's mitch wiener did too, so should investors follow suit and sell out some of their technology holdings, or did they miss that opportunity? is now a good time to pick up bargains? joining me, art hogan and ken caven, her canadian asset management president. good to see you both. now, this is minus the 10b15 rather where ceos automatically sell stock every quarter or every month

there are new documents that were just revealed that show jobs e-mailing google chairman eric schmidtr a google recruiter contacted an apple employee. jobs wrote, "i would be very pleased if your recruiting department would stop doing this." the google recruiter was fired. other e-mails show executives trying to convince facebook to join the scheme. the case is set to go to trial in may. and what's interesting with this case, a lot of it's going to be based on actual e-mails from these top executives, like steve jobs and eric schmidt and, you know, the intel executives, all their e-mails going back and forth, with the smiley faces and everything. >> really intrigue there. >> yeah. >> at the very high levels of silicon valley. >> all to keep salaries depressed. tech workers are say 'wait a minute, mm-mmm, we're owed more. and it kind of underscores how tough it is to find top talent for these companies and how competitive they are. >> any sense they might settle before going to full trial? >> good question. we'll see what happens. >> all right. that is all for us this morning. great to

david: like. >> on tech side we have joshua, peter thiel, eric dorsey, eric schmidt.r dealer. wendy murdoch. so it's a good group. its important that we kind of have investors that represent both technology world but also the art world. that is what we're trying to bring together. liz: we're asking everybody from heavy does companies like waste management to people like you. are you hiring? >> we're hiring agrees sieve live. like all startups liking for data processing scientists and we're hiring people on art side. majority of our team, people who work with galleries, people who do sales. art historians who work on the art genome project. it is interesting -- david: can we put up on our website how people out there who might think they fit the bill get a job. >> that would be inincredible. i would love that. david: we'll do that on our fbn and twitter. >> thank you very much. david: wonderful idea. liz: do you have dogs playing poker? >> i have to get pack to you on that one. david: surprised to say cats paws. liz: velvet elvis. carter cleveland. david: great to see

that could have exposed tactics that apple's late co-founder steve jobs and former google ceo eric schmidt used to keep lower paid employees working on their products and services. the suit had been seeking $3 billion in damages. >>> meantime, teachers are planning to lower start after stocks treaded water for much of thursday's session. news of the latest tensions between russia and ukraine weighed on the markets and likely will be a theme as we continue to hear really tough rhetoric there. we'll get some data this morning on consumer sentiment and earnings from ford which have come in looking pretty good. the dow had a rare day ending unchanged yesterday at 16,501. the last time it happened was on christmas eve in december, 2001 and it hasn't happened very much in the 118-year history of the industrial average. meantime, the nasdaq had a strong day, up 21 points on the back of apple's strong earnings results. >>> and this morning the usda will release monthly price forecast. signaled the drought in california poses the risk of bigger price increases in many food categories, including bee

it is your theory that you cannot touch it, eric schmidt is going to be really mad. >> you can see this discussion gellman tonight at 8:00 eastern. 15, the is april deadline to file tax returns. we will talk with rachel bade about legislation in congress to overhaul the tax code and what it would be in for taxpayers. and a discussion with a person representing citizens for tax justice about whether the current tax code is fair. this morning we looked at what that new health and human services secretary will face when implementing the affordable care act. host: we are back. we will be talking about challenges for the next health and human services drifter. what does sylvia burwell face? the first enrollment. -- guest: we are getting through the first enrollment. right now. what doctors will people be able to see? there is a whole raft of issues. when it comes to putting the health care law in place. the next big one is premiums for 2015. that will be a political story, how much people see their costs rise. she will be under pressure to keep the rates down. we know there is some early bac

the google guys founders larry page and sergei brynn, plus, the ceo who pulled it altogether, eric schmidtnd alan greenspan, ben bernanke, and topping the list, apple's steve jobs. >>> pioneer, innovator, genius. steve jobs transformed the way we think about technology and the apple. walter isaacson is job's biography. >> steve jobs is the creator at large, he started a company in his parent's garage with the kid from down the street and turned it into the most valuable company in the history of the world. >> growing up in silicon valley, jobs became the oddest fusion of california's engineering and hippy cultures. he was not a programmer, so much as a marketer and dreamer whose big idea was to sell his friend, steve wozniak's creation. >> he was smart enough to know he needed other's engineering. but what he was able to do is bring everything together into a package and then figure out how to build a business around it. >> and what a business he built, more than anyone, jobs put the personal into personal computers, creating elegant machines that sometimes looked like a toy and often as n

about is essentially an unwritten agreement, kind of a quiet understanding between steve jobs and eric schmidt when he was ceo of google and the ceo of intel and some of the others, engineers are essentially the key people in a lot of these things. and, you know, job competition is very fierce. and so there was some, especially colorful e-mails that have emerged as evidence in the trial. and i think the companies didn't want to seehose e-mails exposed. they've been exposed but there would have been a lot more, i think, information, a lot more disclosure that would have been just as colorful. >> is that why this is settl >> i think so. i think this is being described as kind of a bargain. the plaintiffs were seeking $3 billion. had they prevailed, it would have allowed damages, $9 billion. money they can afford. they collectively have more than $200 billion of cash on their balance sheets but you don't to have to pay that kind of money. but i was surprised by the amount. it actually worked out to just a few thousand dollars per employee. the employees will take a cut of about $9 million for the

the two, along with eric schmidt, google's executive chairman, control more than 60% of the vote which gives them control over the company's future. starting today, investors can buy class c shares, but that stock carries no voting rights. why do this? because it means brinn and page cannot use this new class of stock to compensate employees or to make acquisitions without giving up any control of the company. >> it does protect their long-term control in google. but i think if you look at google, they've really had control from day one. they did have the initial one vote per and ten votes per distinction. investors did incredibly well if you adjust for this move you're basically looking at a $42.50 ipo price. now the stock trading in the neighborhood of $600. j >> reporter: the value of the investor's stock haven't changed. they just own two classes of shares instead of one. other companies the s&p 500 that also have different classes of stock include comcast, cbs and facebook, the social network's class b stock which is mostly owned by ceo mark zuckerberg remain the majority of votin

. >> that is eric schmidt. >> you have to deliver. like steve. >> steve jobs -- >> i heard you.and didn't even write code. >> i think steve jobs is amazing. wozniak was the engineer that created apple, right? imaginean totally having that discussion. >> it was much better than a bravo show. >> everything is for sale. >> $600,000. 10% of the company. >> can you imagine zuckerberg saying eight ilion, ok, 19? >> the arbitrary nature is dead on. no matter what the offers are, they are based on nothing. it you to acquirer or the thunder. nobody is interested until someone else's. barackere sitting with obama and saying we are making the world a better place. constructing an elegant hierarchy for sensibility. >> changing the world by making enterprise software. that claim. i was thinking, is this an exaggeration? it's not. >> what company does it remind you of? s >> every major dot com. yahoo!, google, facebook. >> bit soup. like out the bit soup but 1's and 0's. .> it makes you cringe which is something that judge is brilliant at. >> keep running. >> he had to have an internship at g

. >> speaking of google, the chairman, eric schmidt, has a cameo in a party scene.got feedback on how authentic it was. what did he tell you? >> it was very encouraging and you look around and said i have been to this party which was great affirmation for us. >> there are references to steve jobs. >> am i? >> would you have done it without making specific mentions of certain people? >> yeah, everyone has got mac's and pcs. it is everywhere. there are pretend companies, too. they coexist in this. it just seemed right. >> what did you think about your show that will make a different? >> we did an enormous amount of a research and try to get all the very subtle details as right as we could. you feel like there is nuance in our show. we wanted to make it as funny and enjoyable as possible. hopefully, that is why people watch it, not because it is technologically correct. >> one of the central actors said you told him that you were looking for that character and that sort of penn gillette. i know you have your roots in animation. how specific do you get on how somebody s

. >> you guys are backed by some of the biggest names in silicon valley, sequoia, eric schmidt chairmanogle. how have you convinced these guys to get on board? >> i think we have a lot of traction in general from a lot of different companies. creative stuff, like what we are doing tonight with tribeca, to education, big universities around the world are using this to create interactive courses, to even real estate agents making build-your-own tools, interactive building videos. i think the vastness of what this can be used for, we hope it will be like a real revolution and how we consume content and create content. >> i want to put this into context for viewers. you are like a rock star, especially in israel. you are a judge on the israeli version of "american idol." >> only in israel. >> how is it different being a rock star in israel to being a rock star in the united states? is it different? >> i'm not a rock star in the united states. israel is a small country, and it has less people than manhattan, i think. >> all right, yoni bloch, we are honored to have you on the show. thank you

i would like to see michael bloomberg, bob iger, eric schmidt, jeff raises, always geniuses who are greatricans, why don't we ring them into the cabinet like the business cabinet and allow these great americans to clear out some of the terrible mismanagement and dysfunction because it's rogan. >> indeed. thank you very much. the new york rangers playing in the playoffs will stop next, we will talk about the business of hockey. >> later, stephen marley, son of music legend bob marley speaks about his new album and the business of reggae. >> this is "taking stock." i'm cory johnson, in for pimm fox today. the stanley cup playoffs are underway. the rangers are playing the philadelphia flyers. rangersere with a legend. more goingbeard has on than yours. >> i only started hers day when the playoffs started. we played really well that game and one. >> i guess the sharks clinched earlier, slight a head start on my ear. it sounds like things are going well in the league. >> absolutely. cap, they the salary reinstated the fact that most things are equal and there is a lot of parodies and any team

. >> speaking of google, google's executive chairman eric schmidt has a cameo in a party scene. get feedback from him on how authentic that was. what did he tell you? >> i was very encouraging when he showed up to shoot and looked around and said i have been to this party. that was great affirmation for us. >> there are references in the show to steve jobs. could have done the show without making references to specific people? was that integral? >> yes, i suppose. everyone has macs and pcs. it is so everywhere, and there are pretend companies, too. we just kind of -- they coexist. it just seemed right. >> silicon valley creator, mike judge and executive producer alec berg were with jon erlichman. he brought us superheroes like iron man spiderman. we are talking to stan lee, the man behind marvel comics. ♪ >> welcome back to "the best of bloomberg west." i'm emily chang. marvel's ninth film adaptation, "captain america - the winter soldier" hits theaters this weekend. >> "the avengers" was the third >> welcome back to "the best of bloomberg west." i'm emily chang. marvel's ninth

was largely based on e-mails between apple's late co-founder steve jobs and former google ceo eric schmidtnd other rivals who allegedly crafted plans to 30e s to poach sought engineers. jobs meantime forwarded the note to a high-level apple hr executive with a smiley face. >>> i trust experts say the companies had an incentive to settle because the executive e-mails would make them look unsympathetic to a jury. spokespeople for apple, google and intel decline comment. checking shears of the companies involved, trading in europe this morning, all of them are moving to the downside, adobe much more so, off more than 2.5%. it's one of those things, karen. when they are so competitive, they don't want to be driving up prices. but it's a market where good engineers are really highly sought after. >> right. so much for those monster salaries that the wall streeters are chasing in silicon valley. great story. >>> we do have fresh comments from president obama, just to recap on this, obama will be talking to key european leaders this evening on ukraine. they may be ready to impose sectorial sancti

cnbc recognizes eric schmidt. look, anyway, google's kind of sticky here. quarter while wildly profitable didn't deliver. you know what i mean, i didn't like that nest acquisition. remember when dave cote joking. i think they invest in too many extraneous things. the stock needs to come down and take flaws into account. that said, if you backed out of the cash, google sells at a price to earnings multiple that equals the s&p 500. that's no too shabby. long-term, the company could own the world, at least the part that facebook doesn't own. perhaps i'm fretting the details too can closely. you can't be too careful. finally, berkshire hathaway, whenever you start reading negative articles about number six on the list, warren buffett and his stock picking, that's when you've got to go all-in buffett. and makes sense ahead of the omaha shindig at a time people want value. his portfolio is chocked full of it. i think there might be a reasonable shot of this guy ringing the bell on cnbc's 50th anniversary. do you mind if i throw in someone who doesn't run a compan

it really is eric schmidt. >> if you want to live here, you've got to deliver. like steve.e wozniak? >> jobs is a poser. he didn't even write code. >> i think steve jobs is amazing. wozniak was the engineer that created the apple, right? >> you can totally imagine a couple of engineers having that discussion. >> $100,000 for 10% of your company. >> can you imagine zuckerberg million dollars, ok, $19 million? exit the arbitrariness of it is dead on. >> we construct elegant hierarchies. >> changing the world by making enterprise software. i think all of us feel a little older when that happens. >> bit too. it's like alphabet soup but with ones and zeros. >> it makes you cringe. something that mike judge is brilliant at. >> i'm in. not just about the geeks, but the colorful billionaire characters. i know that you spoke with a lot of the men behind the show that why it is people have such a curiosity for these power players. >> we spoke with mike judge, the creator of the show who created beavis and butthead, king of the hill, and office space. starting out for a couple of year

comes a week before a trial that could have exposed tactics that steve jobs and former google ceo eric schmidt used to keep lower-paid employees working on their products and services. the suit had been seeking $3 billion in damages. >>> at 5:53. in just a few moments the usda will release monthly food forecast. these numbers are crucial here in california as we struggle with the ongoing drought. the agency had signaled that it could drive up food costs. california is the top farming state, prices for fresh produce could go up in just a matter of months. >>> 5:53. a tough night for two of our bay area teams. >> the sharks on the losing end with the l.a. kings and now come home and fry to close out the series here. tickts for game five are on sale through ticketmaster and the sharks and the kings play saturday night at 7:00. >>> in the meantime, warriors looking to rebound after a tough loss in front of the home crowd. the team was not able to rally late in last night's game against the clippers. lost 98-96. now trailing the clippers 2-1 in that series. game four at oracle on sunday afternoon.

. >> when you are larry page or eric schmidt, they are billionaires of the top of google, you can afford things like this. silicon valley has a history of a tinkering spirit. they buy things that don't have practical thing. we have to wait and see if it translates into actual products. selloff, thee tech other story is blooming. let's talk about these things. >> this is another technology deal of the financial times. buya technology is going to the unit from motorola solutions that does inventory management and keeping track of lots of little items. this is not a terribly glamorous part of the tech sector. it is important to a range of ebony's like big retailers. companies like big retailers. it is not hard to see a future where basically everything is going to be connected to some kind of network. that has business applications. >> thank you very much. matt campbell. arianne huffington spoke to charlie rose about finding a work like balance and redefining success. >> if we define ourselves in we aref our jobs, shrinking down to something that is not going to be a positive feeling. >> th

it looks like google chairman eric schmidt was right.russia was on the path toward china's model of internet censorship. lastly, the russian premises and said the government needs to propose greater control over the world wide web, the web of agencies. the euro rose against the dollar this morning over speculation stimulustrained from netsuite even as data showed inflation in the region is less than what economists forecast. the finance minister said today he does not foresee a strong appreciation but would welcome a softer level for the common currency. he told francine the clock today that there is good reason to think there will be surprise for gdp, on target to achieve a tenths of one percent growth this year. >> i hope we could do better. though i cannot say that more explicitly, i think there are good reasons to think we will have an upside surprise. qwest in another global story, media -- the air lander with a top speed of 100 miles an hour and can carry and operate in the most extreme weather conditions. $350 to army spent develo

turns out it's all about e-mails, specifically e-mails between the late steve jobs at apple and eric schmidt at google. it turns out google had fired a recruiter who tried to poach an apple staff member away. he was fired. and when that firing came through, steve jobs sent an e-mail with a big smiley face. that's the kind of evidence you don't want to put in front of a jury. that's the kind of evidence that makes you look very bad, so they caved. they settled. and they just settled as of this morning. >> it's really surprising. i mean, every other industry, to a certain extent, that's fair game. people have the freedom to move from one company to another if somebody offers them a better job. how much is this going to end up costing these companies, and i would think they've got enough to afford, to pay people more, probably. >> here's where it gets very interesting. according to the wall street journal, a source close to the case, apparently, the payment is going to be just $325 million. now, that sounds like a lot of money, but these 64,000 tech workers, they were suing. they wanted $3 bill

. >> it really is eric schmidt. >> you want to live here, you have to deliver.s or wozniak? >> i heard you. >> jobs. >> jobs is a poser, he didn't even write code. >> wozniak was the engineer who created the apple, right? >> i love the steve jobs thing, too. >> i can imagine a couple of engineers having that conversation. never wear awould blue shirt. >> $200,000. 600,000 dollars for -- >> 10% of your company. >> the arbitrary nature of the whole thing is totally dead on. what the offers are. just based on nothing. >> urgency creates either an acquirer or a funder. no one is is interested in till someone else is. >> a few days ago when we were sitting with barack obama i said, we are making the world better place. constructing hierarchies. >> changing the world by making enterprise software companies. i think there are plenty of companies out there in the valley right now that make that claim. i think all of us feel a little awkward that happens. >> at first i was thinking, is this an exaggeration? but it's not. >> what company doesn't remind you of? >> of every

anderson.s eric >> larry page, james cameron, eric schmidt, they like your game. the world that we have is a dot in the universe, literally. all the things we have and hold the value in earth are available in nearly infinite quantities in space. some of the most valuable things are available in quantities that are magnificent and not that far away. we are going after a set of asteroids called the near earth asteroids. an asteroid the size of this more -- thanave all of earth. we will bring back rare earth minerals from them. >> put in dollars for us. >> our target for 2016 is worth about $500 billion. >> $500 billion with a b. >> i thought this was a multistage plan where you have to put satellites in orbit and -- >> our first launches in october of this year. minew much does it cost to for it? >> much less than $500 billion. between $5 million and $10 million. >> there is a risk you come up with nothing. >> there is not really a risk we come up with nothing. we can see from earth what is on the asteroid through spectroscopy. onis easier to know what is an ore bod

if we were to say eric schmidt of google gets $100 million in steve schwarzman gets $100 million, ised in a different way? beginning, ithe should be treated the same. it's the initial investment in that company, same thing with all the investors in the fund. the argument much better than we do, but as i understand it -- i would disagree. it's not that there's nobody who says the tax treatment on carried interest shouldn't be different between real estate and private equity. there are lots of people who say the tax treatment in the real estate industry or boiling gas industry should be different from venture capital or private equity. they say because the tax provisions around carried interest were developed or at least instituted in order to create a stimulus for risk capital. the argument made is private -- thererried interest are people who say it should be treated differently. >> i was speaking of the generally accepted precept in washington and the industry. i don't think there's any justification for treating mineral extraction and oil and gas differently from private equity. th

it opens with a cameo of google's eric schmidt at a party where kid rock is jamming and no one is payingthe screening in the valley where judge says there's a lot of real life fodder to work from. >> the timing seemed good a year ago. now it seems even better. a lot of stuff has happened in the last year that i wish we could go back. we just did eight episodes. if we do another season, there's a wealth of material that has come up just in the last year. >> hbo's debuting this on sunday behind the season premier of the biggest show of the network. >> there's no real estate for us like the spot right after that. it's a testament of our faith in it. >> okay. so how does the real silicon valley like this? reviews are positive so far and craigslist founder who also attended last night called it, quote, honest and funny. back to you. >> all right. thank you, morgan. that looked like a fun premier to go to and an interesting series if one that is slightly fictional but interesting to see how that rolls out this weekend. >>> it's interesting, carl, because she had a reality show about silicon va

let's -- next to eric schmidt. we will be talking about pepsi and coke trying to put a little pop act into pepsi which is not easy when you are in the sugary drink business. that's why pepsi has been so effective in diversifying. >> they need to do something about their flat so the sales. who needs to give up who rate for hollywood? we got the star power we need right here not only in new york city but in my hood. the tribeca film festival kicked off last night and we will talk to some of the key members. this is "market makers:" on bloomberg television, streaming on your phone, your tablet, and bloomberg.com. , plus we are streaming live on amazon fire tv and apple. stay with us. ♪ >> welcome back to "market makers." let's turn to the soda wars. it's the war to diversify away from soda. pepsi and coca-cola are trying to do with the american waning appetite for sugary drink with acquisitions and new product. for a closer look, let's bring in kenneth shea. what do you make of all of this? many of us are living our l

the fact is eric schmidt came in at an important time in google's history.ion at a time when they needed it. now the co-founders are able to take on, you know, a very strong leadership role. and i think that focusing on how much any individual is getting paid is really not the story of silicon valley. silicon valley is an ecosystem of talent, of various kinds of funders, venture capitalists, lots of different strategic partnerships. so it has to be understood i think through a different lens than how much a ceo is getting paid. >> good to talk to you. see what they say tonight. thanks again for your time. >> sure. thank you, carl. >> john sculley. >> up next on the program, how you can get the full four seasons experience from spa treatments to concierge at 40,000 feet. we're back after a quick break. ♪ [ dog barks ] ♪ [ male announcer ] imagine the cars we drive... being able to see so clearly... to respond so intelligently and so quickly, they can help protect us from a world of unseen danger. it's the stuff of science fiction... minus the fiction. and it

we have some names on the screen, jack busey, eric schmidt, all the way down the line. do you expect to be bought out and make $100 million any time soon? >> i did love to be a big valuable business and i would love to see it as a freestanding -- stuart: every time i get a website person on the show doing well, i ask the same question. would you sellout for $100 million and they all say no, i just want to build the business, i love this business, i am committed to this business. you are more committed to the business than to $100 million. is that true? >> i am. everybody is. stuart: would you take a one hundred million dollars? >> i would love to. stuart: what are the circumstances with $100 million? >> you can build a business that is more valuable than the one hundred million dollars you wouldn't take it. stuart: if i go on a website i am going to d.c. for a weekend you tell me what activities there are in d.c. you book those activities. >> yes. stuart: that is where you make your money, take a piece of the transaction. fact >> yes but we enable things. a lot of opera

>> you are leaving the owners with longevity, larry page, eric schmidt, these are the guys at the topying to do is say we are going to vote on acquisitions, we are making the decision. common shareholders not so much, your power is more diluted. some analysts say this is a game changer and others say if you are buying google stock, the reason you are buying it is for the leadership of brand and page and schmidt. larger question here is another tech companies going to follow suit? are they going to want to dilute the power of the common shareholder. that is something we will be asking venture cab pioneer patrick, he will be my first guest in a few minutes. we will talk about that. also what this means for smaller tech companies that are being acquired by the likes of google and yahoo! and facebook and the lot of companies on the acquisition trail these days. stuart: precisely ten minutes from now we're looking for you. look at this video. it is a drone. is used by shipping company to spot hazardous ice. got a permit for that? details next. ♪ [ cows mo] [ sizzling ] more rain... [ thund

is your theory that, you cannot touch it because eric schmidt will be very mad? line, there is a long distance to go from saying that gmail should be a safe haven for terrorists and saying, on the other hand, that you should be, as the u.s. government, siphoning in all of the content that goes across that table. gradation.room for >> i gave you the gradation. not everything you collect is processed. not everything you process is reviewed. not everything you report is disseminated. >> the prison program, the first , gave theote about nsa more power than it ever has to get gmail, all of the cool content -- the google content, with authorization from the court. it had latitude. it was not allowed to sit through everything in the server to see if there was anything that interested us. >> barton is right. binary is too strong of a word. there is a view of the world when it comes to american intelligence. there is protected communications and everything else. nsa has a lot more freedom of action going after communications. some europeans do not attach privacy to a part

is your theory that, you cannot touch it because eric schmidt will be very mad? line, there is a long distance to go from saying that gmail should be a safe haven for terrorists and saying, on the other hand, that you should be, as the u.s. government, siphoning in all of the content that goes across that table. gradation.room for >> i gave you the gradation. not everything you collect is processed. not everything you process is reviewed. not everything you report is disseminated. >> the prison program, the first , gave theote about nsa more power than it ever has to get gmail, all of the cool content -- the google content, with authorization from the court. it had latitude. it was not allowed to sit through everything in the server to see if there was anything that interested us. >> barton is right. binary is too strong of a word. there is a view of the world when it comes to american intelligence. there is protected communications and everything else. nsa has a lot more freedom of action going after communications. some europeans do not attach privacy to a part

level i think intel's paul two and he said you know this is just me don't have a paper trail eric schmidt of google he said pretty much the same thing no paper trail just make it verbal because we don't want anyone to know that this is actually going on and that it's you know down in the trenches amongst all of us so very it's. i mean it's clear that this collusion it's not just at the c.e.o. level it's not informal it's a written kind of thing and i think that ultimately they're going to pay a price incredible stuff and i'm sure it's not the last we'll hear of this so we'll continue the discussion i'm sure of it and as always thank you so much that's all from now but you can see all segments featured in today's show on you tube at youtube dot com slash boom bust our teeth well so love hearing from is that please check out our facebook page facebook dot com slash start you can also tweet us at edward n.h. at guaranteed from all of us here at the best thanks for watching the next time i like. she good leverage or. was able to build the world's most sophisticated robot which unfortunately d

is your theory that you cannot touch it because eric schmidt will be very mad? >> i want to allow another question, but, in one line, there is a long distance to go from saying that gmail should be a safe haven for terrorists and saying, on the other hand, that you should be, as the u.s. government, siphoning in all of the content that goes across that table. including all the american communications. there is a room for gradation. >> there is. i just gave you the steps. not everything you collect is processed. not everything you process is reviewed. not everything you report is disseminated. >> a thing to point out that exists here -- the prism program , the first story i wrote about the nsa, gives the nsa more power than it ever has had to get gmail, all of the cool content -- the google content, from the providers, under an annual authorization from the court. it had quite a bit of latitude. it was not allowed to sift through everything in the server to see if there was anything that interested us. that is what it is doing in the overseas collection. >> bart

it involved well-known executives -- steve jobs, eric schmidt. then though a deal has been reached, though no terms of the deal disclosed as of right now. >> we' will see if they start playing musical chairs in silicon valley as a result. >>> 19 minutes left in the trading session. we're up five points on the dow jones industrial average. >>> after the closing bell, new microsoft ceo will be overseeing his first earnings call since taking the top job in january. it is a big deal. we'll preview what to expect from microsoft as well as starbucks, amazon and visa earnings. >>> then, did you hear what warren buffett said yesterday on the show? here it is. >> did you ever vote for something on a board that you disagreed with? >> sure. >> he said with conviction. really? i mean if warren buffett does that on a corporate board, what hope is there? we'll tackle that question later on "the closing bell." ♪ [ male announcer ] when fixed income experts... ♪ ...work with equity experts... ♪ ...who work with regional experts... ♪ ...who work with portfolio ma

that's in the ft today, talking about eric schmidt, they're talking about jamie dimon getting $13 million or something. eric's pay package, 2011 was 100 million and no one questions it. and the tech companies are masters of separating the classes of stock. google might not do any evil but they certainly know how to keep control of the company through financial methods. so now einhorn is weighing in there, saying, look, at this point because they're in silicon alley or whatever you want to call it, they don't get the same scrutiny about even compensation because they're the cool kids, the cool companies. >> that's where some of the biggest investigations took place and things that kicked off the pricing of options, repricing of options and what you were handing out. >> steve jobs never got in trouble for repricing. he was untouchable. he was steve jobs. >>> apple will be reporting its fiscal second quarter results after the close today. chris caso is with susquehanna. he joins us. what are the moving parts. >> the space between the iphone 5s and the iphone 6. typically the old phone tends