mark pincus, when he worked in malone's organization, he could see from a distance the information thewould use math to get right to the heart of value creation and the media business. pincus has the extraordinary ability to use math to see inconsistencies and possibilities in this new media ecosystem. >> product innovation is needed at young companies. it is needed at large companies. microsoft is obviously looking for its next ceo. on the themes that you are talking about, how important is that this vision that microsoft makes on who it ceo will be in terms of the future? >> is at least important fast as important as general motors. congratulations to them. not only is it the former head of product, but it is also a female. i grew up in detroit. those two backgrounds for a ceo of general motors was inconceivable when i was growing up there. >> talking about amazon, you have sat on its board. jeff bezos is getting a lot of attention for his future focused on drones. the ebay ceo told emily chang recently that is a long-term fantasy. obviously people who are thinking of the future are

also, mark pincus. he left after the company was sort of driven into the ground. john macek came on as the ceo. the guy that comes from the microsoft xbox division and he got a $45 million loan is just for joining the company. theonus just for joining company. >> they are selling hundreds of millions of dollars worth of stock before the company's even got up the gate. they avoid taking their big collections. the performance was very much the second thought for them. >> mark pincus, at least in the case of zynga, he owned a majority of the company. it is at least one case where the ceo was not ousted or he ousted himself. >> thank you very much. >> happy new year. >> ntu as well. -- and to you as well. >> if you are planning to watch some to classic movies, some movies might not be available on netflix in the coming year. >> welcome back, i am cory johnson. this is "bloomberg west." .etflix has been a big year they had critical shows that won a slew of awards and they continue to add subscribers. the company is making some big changes altering its pricing and losin

but mark pincus that zynga left after the company was driven into the ground.ut the ceo who came on comes from the microsoft xbox division and got a $45 million bonus just for joining the company. of story.t kind >> i think both in the case of zynga and groupon, you have those ceos and founders selling hundreds of millions of dollars worth of stock before the companies got out the gate. they had already taken their big collection. >> at least in the case of zynga, mark pincus owns a majority of the committee. it is one case where the ceo was ousted or at least he ousted himself. >> matt miller, thank you very much. >> happy new year. >> hope you find something to do tonight. rex if got plans area your plans include watching classic movies on netflix, you might be out of luck and we will explain why some movies may not be available on netflix in the coming year. ♪ >> welcome back. i'm cory johnson. this is "bloomberg west." netflix had a big year defying the production of critics. the original shows have been a critical success and the company continues to add s

you share this tidbit by founder mark pincus from a media mogul john malone. can you elaborate?> more broadly speaking, we all look for mentors and sometimes you're lucky enough to have a mentor who will let you sit on his or her knee and tell stories and talk in detail. i think mark with malone and maybe me with david ogilvy as more of a remote mentor, more a relationship we have with books, so pincus when he worked in malone's organization could see from a distance of inside information the way malone would use math to get right to the heart of value creation in the media business. pincus has extraordinary ability to use math to see inconsistencies and possibilities in this new media ecosystem. >> product innovation is needed at young companies and large companies. zynga's new ceo used to be at microsoft and microsoft is looking for its next ceo. on these themes are you're talking about, how important is that decision of microsoft to decide its new ceo in terms of its future? >> it's probably as least as important as general motors. it looks like congratulations to them. not o

at one point, one of the executives who was there, mark pincus, the founder of zinga, they do the games for the iphone, he suggested president obama go so far as to pardon edward snowden, the nsa leaker, the person that some people call a traitor, others call a whistleblower. president obama said he could not do that. some of the other things we heard from participants in the meeting include that the president told the executives that nsa reforms will be announced in january. the executives got the impression from president obama that have bulk collection is not likely going to stop anytime soon, but that there will be an attempt at more transparency. the executives, as i said, pushed really hard on the impact for their companies. these are very successful corporations, facebook, apple is, microsoft, et cetera. and they don't want the government and the government surveillance hurting their companies' ability to grow in 2014. >> all right. jake, thanks. appreciate it as always. >> thank you. >> the federal reserve wrapping up its final policy meeting of the year. and everybody's watchi