jack welch got good results and famous for berating employees. coach rice didn't. fire him for that more than anything. >> jack welch didn't physically abuse these people. >> all you do is invite a lawsuit on this age . in terms was steve jobs, he was fired because was impossible behavior and even though he had a prickly personality he had to learn to bring people together. >> i hate to argue with the boss. he got fired and apple went down and it was not until it came back. >> apple was getting in trouble in the mid1980s he brought in a successor who didn't cut it and he got fired and he had bumps along the way and it was not until the late '90s came back to apple and learned how to be an effective ceo. especially in this day and age, you berate verbally and you lose absolute control you don't get respect and lombardi had respect and his people they understanding learn from them. >> losing control, you express your anger when you lost control, doesn't that show you are a bad manager? >> yeah, i don't think a bad boss is fired faster in the private sector. there is

he's taken a lot of heat since taking over for jack welch. maybe he's finally hitting his stride now. >> i think hitting his stride is a good point. there's probably three strages f his tenure. first he took over from jack welch at a time when a lot of the core businesses were probably underinvested in. it was overly risk leveraged to some of the financial businesses. and so, you know, there's nowhere to go but down in terms of valuation from a 60 pe. then as sort of did some of the big acquisitions in health care and such as you had mentioned, there were also, again, not completely cognizant of the risk profile that was building in the capital business. easy for me to say in hindsight here. >> right. >> now you're seeing significant capital formation from the sale of nbcu. $13.5 billion after tax cash. from the whittling down of ge capital, the restoration of that dividend to the parent. and also ge capital giving special dividends to the tune of $4.5 billion this year as its overcapitalized. and that really freeing up the flexibility for ac

the only other people who have ever done it-- lee iacocca, jack welch, and--no judgment-- saddam hussein. so what have you got for me? - i need to get out to newark airport. carol's on a layover, and i really have to see him. - you're horny, and you want to get some. i get it. - ew, jack, gross. come on. i just want to see him, and i can't get a cab, because greece is playing pakistan in soccer. - problem solved. i'll take you. - really? - i'll drop you off at the airport, then i'll swing by msnbc. i have to talk to rachel maddow. only one of us can have this haircut. [upbeat jazzy music] ♪ - k-swiss, i need to cancel my gig for hosting the mtv international video music awards. - why wasn't i invited to that? my single is number four in japan. ♪ choke me, choke me ♪ blonde like choke me ♪ tee-hee-hee-hee-hee - i hate to bail, but i've been asked to do a commercial for the boys and girls club of america, and i just can't turn down community service, because if i do, that judge will make me join the coast guard. - well, i also recently received an unexpected honor... from the carvel ice cr

so, name the famous bostonian: a- ben affleck b- michael bloomberg c- jack welch d- all of the above - trick. - this is a trick. 'cause a, we were like, "done!" - i didn't even listen after a. - i am going to have to say d. - yeah. all of the above. - great job. a lot of famous people have come out of boston. you are absolutely correct. thank you guys. - thanks angie. - first business continues right after this. i wanted to be in the military since i was a kid. i served a total of 16 years. and at 19 years old, that's the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i started drinking a lot. i guess i never recognized it in myself. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not here with their families. oil futures have fallen dramatically this week. joining us now is trader tim biggam of trading block. happy friday to you tim. what is happening with oil stocks as oil fu