let's do an lbl. steve goes, i don't like to do it.f you want to do it, you can buy 18% of the company, come on the board, and we will do this thing together. i took that idea to silver lake and they said no. emily: steve wanted you to join the board of apple? roger: yes. bono calls up and says i want to buy universal music group. they say, we love this idea, but we don't want you to do it. i went, what do you mean? he wants to do it. why don't you want to do it? i am your partner. they said we think it is time for you to go. i went, really? after day tech, seagate, and gardner, you want me to go? i mean, apple? they said, yeah. anyway, so, i went, ok. i was really crushed. this thing started as my idea. it was hugely successful. i had just been voted out. i am in new york. i call bono up to say i don't think the deal is happening because i am leaving the firm. bono said, the heck with them. we will start our own firm. the same day. it's like, oh, you want to do a firm. you want to be in the investment business? he goes, no, i really d

the time lbl used for the time lost in instruction. >>> thomas works schools and police departments on family internet safety. he saidment students november could not soemt how an impulsive post or text message can affect others. >> you think your tweet is fleeting. it builds. >> we're talking about children. they don't understand the ramifications of many of the decisions they make in life and the digitals ones are no different spoefl digital foot the print starting out at a young age, it will be with them when they apply for college and jobs. that's not really sunk in yet. most of the young people we've talked to. >> he is calling for classes and schools understand what they should post and what they should not and what can be a risk. >>> uber grounded its entire fleet of self-driving cars and halted all testing of self-driving cars after one of them hit and killed a pedestrian. we brought you breaking news coverage of the crash during the midday newscast. now uber postponed an event to show off the cars for the media that was scheduled for thursday. this is the first deadly incident

. >> the weird thing about lbls that happened in the past five, six years, rates have been so low thatof historically low rates, you almost have to go out of your way to do that. >> flip that over. these would have been bankruptcy five other eight years ago as opposed to 12 years after they went private >> if not for the fact credit markets were generous. >> my point is that they -- it's weird we have not seen more lbos in the past five, six years than we've seen given that rates -- >> new ones aren't -- >> you have apollo, k care, people walking around with billions of dollars and have trouble putting the money to work not because the debt markets aren't friendly valuations are high. >> aren't great. restrictions on bank loans in terms how much you can loan to a levered company after the crisis also, look, i think you have to keep in mind these bankruptcy are a feature of the private equity market. not a bug. it's not, oh, no some of these deals go bad >> they're coming? >> you're operating on the edge how much leverage you can put on a business. >> and the other thing i read a headli