joining us is jeff hazell. he is also a strategy consultant for a giant number of fortune 500 companies. probably 501. >> i think that it is right there. first of all, everyone has been talking about mobile for years. this is the most personal device there is in the world. this will be finally the year of mobile. we will be talking about a lot more. companies will take advantage all of this information. you have been seeing this for a long time. services will be available on your phone. click so, number four on your list is a phrase that i will start taking contention with, big data. what is the difference between the data and data outside of the word big? >> we know how to use it, extract it from a small point of meaning our laptops, desktops, being on our phone. we are talking about massive amounts of data is that companies have in the c suite. being able to get that data and make sense of it and be able to do predictive analysis of where customers were go, how they will react and be able to trim down expense

we are joined by jeff hazel. >> jpmorgan may pay about $2 billion to resolve claims that it ignored -red the schemes. the u.s. attorney has been investigating how jpmorgan handle the funds controlled by made off whose multibillion- dollar fraud was the biggest ponzi scheme in the nation's history they accepted a deferred prosecution agreement. the firm recently agreed to a record $13 billion settlement to end investigations into the mortgage bonds. jpmorgan has cited eight separate investigations. asideave had to set north of 20 billion dollars. >> jpmorgan, which was the fair- haired child, everybody thought that jamie dimon was just terrific. do you feel like it is a bit of a target right now or is that the understatement of the year? it is one thing after another, every day, seemingly enough. >> 20 billion set aside. i know that they are not responsible for that. what you are seeing with the company is that they are tearing the band-aid off fast. they are trying to get into the new year with something better. that is what they are doing in the c suite. >> as a former c suite guy yo

at one event, we had warren buffett pushed rupert murdoch and jeff hazel to talk about succession. bezos was silent, didn't want to talk about it. murdoch said my mother is 97, she's doing fine. and buffett said i've heard of managing outside the box before, but people don't race to that conclusion. >> i've got two quickies i need you to help me with. amy shulman, pfizer. this woman was going to be one of the most high powered people in pharma. if not in industry period. she gets kicked out of her job after announcing that she was going the take the job on january 1st. do you have any insight so what happened there? >> pfizer is the world's largest farm suitan california. jeff kind ler was brilliant to put together the deal with them. the board room machinations are ridiculous. it's a shame. i think this is a company which has needed to calm down and wrestle through some of their weird board dynamics with predecessors. >> and if you were on the board of ford, not microsoft, ford, would you let this whole alan mulally story play out the way it has? >> well, the real drama, it is a m