johnson were today found guilty of fraud and sentenced to four and a half years in prison by iceland supreme court the court found that the two former executives had used their positions out buyer to grant an eight hundred million kroner six point two million dollar loan which they then used to buy back their shares that were sinking in. before the collapse happened now in making this decision the supreme court took a cow out of the magnitude of the offenses was significant according to the ruling and good johnson's infraction was committed under the auspices of his mandate as the bank's c e o right he couldn't use the c.e.o. defense that he doesn't know what's going on as a company like damon jamie dimon does all the time he's like well i'm just a c.e.o. what do i know where's my bonus yes in fact the supreme court found that he had a higher responsibility what you know you make the big bucks you should have more responsibility it should have why i make a lot of money and so my responsibility is go play golf all day but you know how is icelandic economy doing since they went after the bankers oh

iceland! >>> taking a break from the supreme court, we're going to begin with egypt, and the stunning turn aroundtry's military rulers accepting the will of the people. actually played out in pretty dramatic fashion in cairo's tahrir square and across the country when the military yesterday officially recognized moment morsi of the muslim brotherhood as the winner of egypt's first democratically held election. morsi faces a number of problems. ben, let's talk about what the president elect is actually doing today. >> reporter: we understand he's in presidential offices that until a year and a half ago were occupied by hosni mubarak, there he's apparently looking at his options as far as putting a cabinet together. he did promise egyptians that he would not pack that cabinet with members of his muslim brotherhood movement but rather he would be looking for tech technocrats. now interestingly, one of the fairly reliable egyptian newspapers is recordi ining tod that hosni mubarak has suffered a health set back, when he learned that mohammad morsi, a man he jailed for a few months a few years ago, ha