former ceo of medtronic and professor at harvard business school. >>> a small fraction of fortune 500 ceos are women. why is that? and are companies better off with for males in the boardroom? >> a day of profit taking. getting anxious about the federal reserve's pending decision on tapering the stimulus plan. a decision could come as soon as next week's policy meeting and we'll have more in a moment. the dow was down 52 points today and the nasdaq fell eight and s&p lost five. >>> the top regulatory agencies voted to approve the so-call vulcer rule today putting the firm and taxpayers at risk if the bet fails. some clarity on the rules, shares of some of the nation's biggest investment banks ended higher today as you see there. eamon javers in washington with more. >> today washington moved to ban what regular htors see as a risy part. banks trading in its accounts known as propry terry trading. it was an under stated launch for the rule in public meetings at the federal reserve. >> all in favor say i. >> i. >> reporter: and at the fdic. >> all in favor please say i. >> i. >> thank y

>> the idea started at harvard business school where they took the auditorium lecture hall and curvedaround into a horseshoe, so the students could speak with each other during class. that is part of the harvard business school case study, but the next step is to bring the class down to the sub groups so the individual teams of people will work on a project and then they will all report to their professor. that is what this new classroom facilitates. >> what is the biggest challenge in presenting this new design program for what is such a traditional campus outcome? >> there is a lot of conservativism in the educational field. people like the classroom they are familiar with and are nervous about a situation where they are not in control, so it takes a bit of overcoming that but the most effective way to do that is to take people to see a classroom where this is working. >> give us an example you are proud of. >> the first one was at rice university, this has become a tourist destination in the business school world, people go down to look at these classrooms and they see how the team

. >> and we will be checking with robert kaplan of harvard business school on a john chen, the new ceoy, his challenges. we wanted to other company news. starting with the ae. it hit turbulence in the middle east. the united arab intimates -- eric -- bae and the united arab emirates talks have fallen apart. david cameron personally lobbied on behalf of the company in dubai. jorgensen ofian microsoft allegedly passed on information regarding the company's finances to a friend who then traded on it. the sec claims the men made almost $400,000 over the last year-and-a-half. a coin moves a bit closer to the mainstream -- overstock.com lands to start accepting the virtual currency next year. the ceo says the decision was driven mainly by his political philosophy. he sees pick one as a refuge from government control. >> the philosophy of tiffany's is to get bodies through the door. >> the philosophy of bitcoin is just to survive right now as it burns up cash. blackberry reporting a wider loss that had been anticipated on an adjusted basis, $.67 a share, analysts were looking for 46 cents a s

here on how to avoid the biggest myths is harvard business school professor.ning us. this is something we all are susceptible. let's talk. if it is expensive it has to be good, but that is just not the case. >> absolutely not. we think in a minute before we need to leave and grab presence. what people want is a gift that says that we thought about them and care about them. sometimes it is not expensive, but meaningful. adam: when you talk about meaning, my brother who has studied happiness in applied psychology talks about creating memories, giving gifts that help create an event, taking someone you love to a show. is that what we should be doing this holiday season? >> absolutely right. we often think, should give you something in a box that you unwrap. there is something there that i will give to you. we often don't think of giving people experiences like anything al gore movie. does turn out to be the things that make people happy. and we can get to go with them, get a free trip out of it ourselves. adam: this concept that it has to be unique. i really want

a retired lieutenant colonel at the harvard business school highlights the difficulties in determining both the cause of and criminal culpability in friendly fire incidents so friendly fire have a perverse relationship with friendly fire paratrooper and eighty second airborne division i was a victim of friendly fire in operation urgent fury in grenada and so for years this was ninety three i had a perverse sense of curiosity how could sometimes some of the best trained best equipped people in the world sometimes fall short of the mark in his book friendly fire dr snoeck investigates an encounter in a no fly zone in which two u.s. f. fifteen fighters shot down to u.s. army black hawk helicopters instantly killing twenty six u.n. peacekeepers this happened in one thousand nine hundred four full three years after the end of the first gulf war was that a high shooting war going around there's not a lot of bad guys running around on the ground or in a lot of enemy planes flying around near broad daylight unlimited visibility relatively benign conditions it's on camp lane this one in the fog

the research of dr scott's not a retired lieutenant colonel at the harvard business school highlights the difficulties in determining both the cause of and criminal culpability in friendly fire incidents so friendly fire have a perverse relationship with friendly fire paratrooper and eighty second airborne division was a victim of friendly fire in operation urgent fury and grenada and so for years this was ninety three i've had a perverse sense of curiosity how could sometimes some of the best trained best equipped people in the world sometimes fall short of the mark in his book friendly fire dr snoeck investigates an encounter in a no fly zone in which two u.s. f. fifteen fighters shot down two u.s. army black hawk helicopters instantly killing twenty six u.n. peacekeepers this happened in one thousand nine hundred four full three years after the end of the first gulf war was that a shooting war going around there's not a lot of bad guys around on the ground there aren't a lot of enemy planes flying around near broad daylight unlimited visibility relatively benign conditions that. ca

the other half by that time had already graduated from harvard business school and saw she went back to the harbor taiwan alone and told them it wouldn't do this. in a still a student but we're going to miss her very early with intuit for the future generation of young taiwan students of which something is very much agree to. can you please make a very very small commission me to them the money you were asking for was asking all of money. so i would say dance records was a mixture of both half and half horse half idealistic students and how idealistic adults in the lungs that were already very successful and we're very very keen and happy to do with the nation's financial worth of programs and you note that the type activities that he offered to the younger students today well o we first started the idea was to promote an ah well hope more universities. how does have this organization but as her still slowly progressed we realize that even without our help. this activity would progress and would split the cost of one never see it anyway. ok so we started focusing on the group of peop

the research of dr scott's a retired lieutenant colonel at the harvard business school highlights the difficulties in determining both the cause of and criminal culpability in friendly fire incidents so friendly fire have a perverse relationship with friendly fire paratrooper an eighty second airborne division was a victim of friendly fire in operation urgent fury in grenada and so for years this was ninety three i had a perverse sense of curiosity how could sometimes some of the best trained best equipped people in the world sometimes fall short of the mark in his book friendly fire dr snoeck investigates an encounter in a no fly zone in which two u.s. f. fifteen fighters shot down to u.s. army black hawk helicopters instantly killing twenty six u.n. peacekeepers this happened in one thousand nine hundred four full three years after the end of the first gulf war was that a high shooting war going around there's not a lot of bad guys running around on the ground there aren't a lot of enemy planes flying around near broad daylight unlimited visibility relatively benign conditions that

the research of dr scott's not a retired lieutenant colonel at the harvard business school highlightsthe difficulties in determining both the cause of and criminal culpability in friendly fire incidents so friendly fire have a perverse relationship with friendly fire paratrooper and eighty second airborne division was a victim of friendly fire in operation urgent fury in grenada and so for years this was ninety three i had a perverse sense of curiosity how could sometimes some of the best trained best equipped people in the world sometimes fall short of the mark in his book friendly fire dr silk investigates an encounter in a no fly zone in which two u.s. f. fifteen fighters shot down two u.s. army black hawk helicopters instantly killing twenty six un peacekeepers this happened in one thousand nine hundred four full three years after the end of the first gulf war it was a hot shooting war going around there's not a lot of bad guys running around on the ground there aren't a lot of enemy planes flying around near broad daylight unlimited visibility relatively benign.

the research of dr scott's nor a retired lieutenant colonel at the harvard business school highlights the difficulties in determining both the cause of and criminal culpability in friendly fire incidents so friendly fire have a perverse relationship with friendly fire paratrooper and eighty second airborne division.

the research of dr scott's a retired lieutenant colonel in the harvard business school highlights the difficulties in determining both the cause of and criminal culpability in friendly fire incidents so friendly fire have a perverse relationship with friendly fire paratrooper and eighty second airborne division was a victim of friendly fire in operation urgent fury in grenada and so for years this was ninety three i had a perverse sense of curiosity how could sometimes some of the best trained best equipped people in the world sometimes fall short of the mark in his book friendly fire dr smoke and. esta gates an encounter in a no fly zone in which two u.s. f. fifteen fighters shot down two u.s. army black hawk helicopters instantly killing twenty six u.n. peacekeepers this happened in one thousand nine hundred four full three years after the end of the first gulf war it was not a high shooting war going around there's not a lot of bad guys running around on the ground there aren't a lot of enemy planes flying around near broad daylight unlimited visibility relatively benign conditions

robert kaplan, a harvard business school professor, offered this perspective. >> we talked off camera with general managers of sports teams. they have all the normal challenges that business leaders have. they are in a very unusual kind of business. i think, for the inky, jacoby ellsbury basically takes one of the starting players for their archrival and brings it to them. it is not one of the -- an accident that they made a move like that. all that matters is wins and losses to the public this year. they have to run a business and it takes all that into account. it is a tough job to be a general manager of a sports team. that is why a philosopher of how you lead is critical. good general managers of sports have a philosophy and they think long-term. but they realize that you've got to have a plan. if you're 2-8 is your football team, you look like a even if you have a strong philosophy. using public companies have to deal a short-term shareholders. -- you think companies that are public have to deal with short- term shareholders. sports teams are even worse. >> and bad calls by the r

we went to harvard business school together but we did not know each other in school.ars later working in the manager industry. there are two things that underlie the idea. we were identifying a need. we were running around and meeting executives. they cannot go to meetings of chips nails. we were working long hours. ducking out during lunch for an hour was not an option. it was a game of trying to make it home before the nail salon closed. one of us was pathetically begging at the windows to no avail. we knew there was a better way. katina worked in the industry before business school. we saw a lot in office services targeted at men. you mentioned the shoeshine guy or barbering. there were no services for women. >> how hard was it to get started? was it easy to sign on corporate clients? >> we build a business model that did not require a lot up front capital to test the concept. we knew that we were onto something. people get very excited as soon as we talk about this concept. people say it is the most awesome idea ever. from customers and clients to date has been in

we are about to walk into the harvard business school club of san diego and give a morning talk. >> what some of the key insights of the c-suite that you pick up from something like this? >> when you are in the c-suite, it is a lonely place. but it is also a perch where you can see a lot of different things happening, unfolding in the world. i never look passed the benefit of that, so i am willing to share it. i want to share it. that is what i will do this morning. this is a special day for me. this weekend marks about 11 years when i took a phone call to come see this little company called invitrogen. a lot of mergers don't happen because perhaps the person in the c-suite doesn't want to give up that c-suite. i never looked at my job that way. i saw my job as the role to create a lot of value, and if even more value can be created through other means, through acquistions and mergers and perhaps if my role were to be affected by that, i was never going to stand in the way. >> it sounds like you're also announcing a new chapter in your life. >> i am coming up to the end of my tenure here

looked up epsilon, that seemed like the forerunner to facebook started by a bunch of kids at harvard business schooleep track of everything. is that how it started? >> well, it goes back a long, long time. it's not one of these things that popped out. but it's now grown into a very, very large successful digital agency platform, loyalty platform, and most of the large loyalty programs are run by epsilon. >> you get fees from that and you have some credit. for your credit card, you have that great mix of fees and finance charges. >> right. our view is we have a number of platforms that appeal to different verticals. so specialty retail, jewelry, home furnishings would be more likely to have a private label card because of the liquidity factor, whereas a lot of the other verticals, like financial services and pharma and places like that would prefer big loyalty program from epsilon. at the end of the day, i don't care. >> right. >> and our goal is to extract the type of information that those clients need. so to your point earlier, we have information on roughly 230 million people, and we have a beaut

haven't read the book -- was also the one who wrote the recommendation to do when he applied to harvard business school from m.i.t. and he felt that he had sort of paved the way for the feds to start looking at roger rhatman. i think again, i think it's sort of the sausage making is far messier. i think there were two parallel investigations going on by two competing u.s. attorney offices of. one was in the u.s. attorney's office and the other was the investigation in the eastern districts into the terrorism activities and the manhattan u.s. attorney's office which is known as the solvent district of new york eventually won out and the insider trading case went forward. to your first question, i think rajat saw roger rhatman as someone who could help him make up for lost time in terms of wealth creation. rajat had this wonderful rolodex and he talked about wanting to quote unquote monetize his rolodex. he needed more money to manage and so rajat saw himself as possibly teaming up with him and making that into a legal dimension. >> there is that point where you talk about how the balance between the two

an associate professor at marketing at harvard business school and the co-author of happy money, thespending. in the book you layout five principles to help readers get more happiness out of the money they spend. one of those is invest in others as the saying goes, it's better to give than receive. what are we talking about here in terms of gifts? like an infinty car wrapped in a big bow or dinner date or tickets to the theater? >> i think people would be happy any time you got them an enormous car with a bow on it. >> not going to lie there. >> small gifts aren't very expensive really make a big difference for happiness. >> and michael, one of the things that you talk about too is pbuying time. i would love for you to talk about what that means. a principle called yes, you commit to the holiday party and it arrives on that day, i don't feel like going. talk to us more about that. >> exactly. when we buy gifts for other people we think we should get them something, like a thing they'll have or tv or something like that. if you think about stresses in your own life, often the thing we

in 2008, my co-founder and i met at harvard business school.we moved back to new york, we both had the same problem. we were putting on pounds and feeling bad about our food decisions. there were only three good options. take-out, eating out or grocery shopping. and all three were time-consuming, wasteful and expensive. we knew there had to be a better way. and that's why we started plated.com. at plated, customers come to our site and choose from one of seven options. the menu changes every week. we then send customers exactly what they need to cook a fantastic nutritious meal at home. all the produce, all the spices, and all the proteins. including a chef-designed recipe card. we started this business in 2012. since then, we've raised $3 million in venture capital. we ship to # t90% of the countr and have an amazing team. we now need you to add fuel to the fire. >> you see nick on the right side of the screen. he can still hear us, but he can't react just yet. on our panel today, we have restaurateur and chef barbara lynch, she owns seven res

and atÑi the harvard business school where i teach case, i teach the kinds of documents that i developss of entertainment. anita elberse, thank you. >> my pleasure, thank you. >> rose: thank you for joining us. see you next time.ñrÑiñrçóÑi captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org ack . >>> this is nightly business report with tyler mathisen and susie gar ib. >> brought to you by street.com, our rating service provides objective, independent ratings daily on over 4300 stocks. learn more at the street.com/nbr. >>> flying high, investors start the week in a different mood, with the momentum continue? we have big investment ideas for 2014. >>> the economy, apple strikes a deal with the world's largest carrier, china mobile, opening up a massive new market for iphone. what it could mean for iphone sharwh

and atÑi the harvard business school where i teach case, i teach the kinds of documents that i developss of entertainment. anita elberse, thank you. >> my pleasure, thank you. >> rose: thank you for joining us. see you next time.ñrÑiñrçóÑi captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >> announcer: the following kqed production was produced in high definition. ♪ >>> calories, calories, calories! >> wow, it rocked my world! >> it just kind of reminded me of boot camp. >> i don't know what you had but this is great! >> it almost felt like country club food to me. zbl don't touch it.

that is just harvard business school speak at its worse. >> all right, number two?rrupting again. >> they have fda approval for a hep c pill. there are $84,000 treatment leads a growing market for drugs that were fashionable. [closing bell] >> bringing us to the number one stock of the day, american airlines group, creating the world's largest airline after the merger, rising on confidence that they can avoid the problems that drag down other mergers. here we are, again, a new record , the dow jones industrial average barely eking out again, see -- the closing level s&p also higher for a gain of roughly three points, with the nasdaq also ending in positive territory. we want additional context for the day's market moves, and for that we are bringing in alix steel. >> we can talk about it. >> salt and pepper. [laughter] >> you have been covering the markets all day. >> there just is not that much going on. out, we wented positive and then went down for so much of the day. there was a little bit of momentum that came on friday from the jobs report, but not much, not e

robert kaplan will join us from harvard business school and we will talk to him about a very interestingment right at the top of our 7:00 hour. blackberry will be coming out with earnings. this of course is a very troubled canadian company with all new management that has a lot to explain at 7 a.m.. >> tom, we have a shopping team here. what is tom keene expecting for christmas echo what would you like for christmas e >> i would like a child that doesn't ask me for money. that is the number one thing i would like for christmas. you know what? the kids are all home. what is really great is everybody is spun around the globe and various offspring will be in the united states here that is a great christmas present. francine, for you? what are you looking at? botega? >>ld now actually i would like to have a day away from the husband and son. >> that is a bit green sheet. >> yes it is. >> equity markets are rising. they've had the best we can almost six months. driven high by financial services heard with got a nice set of numbers from the u.k.. that is helping things. london is up 2.4% or it

we employed -- we used a professor from harvard business school and a professor from columbia university and they conducted this data study and worth 150 $6 billion a year to the american economy, 675,000 jobs. influence is related to sharing of data i companies. even more importantly, the data sharing helps small businesses and it helps write down barriers to entry so small businesses can come in and compete with the big boys. once they get a foothold, it keys them on a level playing field. it is not new. this has been happening for a long time. i will give you a couple of withles. l.l. bean started a list of nonresident main hunters. that is that -- that is how they started. of thecover card, one first credit cards, a reward credit card, began with a list of sears treaded caught -- credit holders. without those lists, the companies would not have started. the benefits from the two companies would not have been realized. it is important. it is. personal information that is used. strongted states has privacy laws. the online privacy protection act, hippo, data task, and so forth. those l

now, we're joined by harvard business school professor bill george, who i believe knows mary personallyarvard business school for global leaders this summer. she's a terrific choice. she's an inspired choice, because she has great car experience. she's been there 32 years, joined the company at 18. of course went on and got her education. a team leade eleader, consensus builder. so she'll be a great team at general motors, and an inside choice. i'm very pleased that they paid off their final investment from the u.s. treasury, and thanks to the cars married's been turning out, they've been up in double digits all overlong, up, i think, 14%, in united states sales in november. you'll see this is the general motors of the future, not the general motors of the past. and i'm very encouraged -- it's great for america, because they're bringing manufacturing back to the u.s. they're expeanding in china, an winning in their market. i'm pleased to see general motors is back and probably the best u.s. investment the obama administration has made. i'm very pleased. >> let's talk about what this mea

we employed -- we used a professor from harvard business school and a professor from columbia university and they conducted this data study and worth 150 $6 billion a year to the american economy, 675,000 jobs. influence is related to sharing of data i companies. even more importantly, the data sharing helps small businesses and it helps write down barriers to entry so small businesses can come in and compete with the big boys. once they get a foothold, it keys them on a level playing field. it is not new. this has been happening for a long time. i will give you a couple of withles. l.l. bean started a list of nonresident main hunters. that is that -- that is how they started. of thecover card, one first credit cards, a reward credit card, began with a list of sears treaded caught -- credit holders. without those lists, the companies would not have started. the benefits from the two companies would not have been realized. it is important. it is. personal information that is used. strongted states has privacy laws. the online privacy protection act, hippo, data task, and so forth. those l

, even though i published at the harvard business schoolknow, what we try to tell them is that, you know, you pay peanut, you get monkeys. to some extent, what you pay shapes what you're getting. even if you're just interested in lowering costs, the cheapest workers are not necessarily going to produce you the lowest cost, right. so these are questions that you have to decide. the idea that you should simply pay people as little as possible is almost surely going to be a mistake. even the companies that we're thinking about, they don't do this for their managers. they don't do it for their executives. they spend a lot of time worrying about wages that are appropriate. but yet, when it comes to production workers, we see so many companies willing to pay absolutely as little as possible. >> peter, interesting conversation. thank you so much for sharing it with me. i appreciate it. >> thank you. >>> they're lining up in cleveland to catch a glimpse of the legendary christmas house. that's next. if you suffer from a dry mouth then you'll know h

what to call your attention to the work at the institute for strategy competitiveness at the harvard business school michael porter and jan rivkin have done a study what would make the united states the most competitive place to do business in the world and they've identified a lot of things we've heard about like highly skilled immigration, integration of highly skilled individuals, corporate tax reform come overseas profits, international trade and simplifying the streamlined regulation for improving the communication and the infrastructure and the sustainable budget and responsible development of american gas and oil reserves as important component of competitiveness worldwide. first i wanted to ask a little bit about do you think that it's possible to develop these reserves responsibly, is that the epa position? >> i believe so. >> tell me a little bit about what you think the approach should be and i want to give you time because i don't feel like -- you get interrupted sometimes when you try to get these answers. what should be the approach to the development of this i would ask you to touch o

and we employed, we used a professor from harvard business school and a professor from columbia university, and they conducted this value of data study and found that it's, data is worth $156 billion a year to the american economy, 675,000 jobs, and 70% of that influence is related to sharing of data by companies. but even more importantly, this day sharing helps small -- data sharing helps small businesses. it helps break down the barriers to industry so small businesses can come in and compete with the big boys, and it keeps them on a level playing field once they get a foothold. but this is not new. this has been happening for a long time. give you a couple of examples. l.l.bean started with a list of nonresident maine hunters, and that's how that started. the discover card, which is one of the first credit cards that was a reward credit card, began with a list of sears credit card -- credit holders. without those lists, those companies wouldn't have started. those benefits from those two companies would not have been realized. so it's important. it is. personal information that's used.

. >> did he go to harvard law school or business school? >> harvard law.on't know if the harvard thing is being advertised so much. >> funny how you didn't mention that. wonder if he does. tom cotton, rising star for you. donna, who is the rising star? >> a nonpolitical star but nevertheless, a star. that is the new pope, pope francis i think is leading by example rather than throwing books at sinners, he's opening the church to people to come back. i think he will be someone to watch. >> he certainly has won all sorts of "time" magazine man of the year, all sorts of other awards. let's take a lighter moment now and talk about pop culture moments, which ones meant the most to you. donna, let's start with you. this is not actually your personal favorite pop culture moment but it's one that led to your personal pop culture favorite moment of the year. let's play the tape. ♪ oh, say does that star-spangled banner yet wave ♪ >> beyonce at the inaugural, possibly lip syncing. we were told she ultimately was. your favorite moment is not that one. your favorite m

busy year. ali wyne with the harvard school. thank you both for coming in. >> a huge day with the n.f.l. as the play-off field reaches new levels. michael eaves back later with sport. >> severe weather across the country, let's go to kev yin with more than that. >> we are looking at two big problems, first of all the storm up the eastern sea board. it's moving quickly. last time i showed you i had moved through new york. now it's ready to go through parts of central vermont. ending at the bottom of vermont. we are seeing a quick improvement. the airports are lagging behind. >> across the nowhere planes and midwest it's a frontal boundary coming through, seeing the clouds pushing to the south-east. we are looking at fargo minus 11. compared to yesterday. these temperatures are anyone between 30 and 40 than they were 35, 24 hours ago. minnesota is seeing a 39 degree drop in temperatures. omaha 36, kansas city 36. a change in temperatures for many people. chicago, you are 25 degrees. factoring the wind chill, this is what people feel like. minnesota, thiunder bay, ontari. if you are getting

business report, i'm sarah izen. >> our next guest has been critical of the drug companies, professor of medicine at harvard medical school. good to have you with us. do you think glaxco is doing what they are doing because they got religion or they got caught? >> well, it's very hard for me to know what their motivations were. it's a good step in the right direction for them to learn about drugs from an unbias commercial source of information rather than a doctor being paid by the drug maker. as to why -- hard to know. not been a good year for glaxco as your report indicated and maybe they are trying to take the high ground to be in the media for something good instead of bad they did. >> dr. avorn, maybe it's not good to pay the doctors, maybe the business model market has changed, you can go direct to consumer. we see ads on tv promoting drugs. isn't it more they can go direct to the consumer? >> well, there is a lot of that going on and as you know, we're one of two countries on earth, the other being new zealand that allows direct to consumer ads of prescription drugs. these are issues that are too complicated to fit

she is a professor at berkeley's school of business and was previously a professor at harvard university as well as a faculty member at the london school of economics. dr. yellen graduated summa cum laude and received her ph.d. in economics from yale. dr. yellen has written numerous research papers, and the labor market unemployment monetary policy and the economy. her expertise in these areas calendar number her understanding of the relationship tpwaoepb -- between the fed policy and labor market would be valuable as we chart the course back to full employment. but you don't have to take my word for it. dr. yellen's economic expertise is borne out by the facts. "the new york times" recently noted that she was -- quote -- "the first fed official in 2005 to describe the rise in housing prices as a bubble that might damage the economy. she was also the first in 2008 to say that the economy had fallen into a recession." and the "wall street journal" recently analyzed 700 predictions made between 2009 and 2012 in speeches and congressional testimony by 14 fed reserve policy-makers and found