mr. gorman, please proceed. good afternoon chairman white house, mr. hatch and other members of the subcommittee thank you for the opportunity to testify today. on the issue of great importance not only to my company and not only to my industry that all segments of the american economy. eli lilly and company was founded in indianapolis indiana. on may 10, just last saturday, lily celebrated its 138th birthday as a u.s. company. our mission is t to discover and develop medicines that help people live longer, healthier or active lives. our major areas include therapy for cancer, diabetes and mental illnesses. to fulfill this vision will we must rely on patents, trademarks and trade secrets. unfortunately like too many of america's firms lily has been the victim of trade secret theft. lilly is a member of the coalition across the sector a group of companies that can separate the harmonized federal civil this appropriation. we are pleased to support the defendant trade secrets act s. 2267 that would've published this objective and we thank the senators for

gorman you and mr. advanced the compensation of junior employees at morgan stanley? create careers and keep talent. it is a competitive advantage. we are using the tools in our toolkit to make sure we are providing opportunities. experiment of delayed conversation and bonus, three or four or five years out, is that a field experience? i know you will not,, is that field for all of wall street -- i know you will not comment, is that failed for all of wall street? >> the regulators will make this common. >> comment on that? >> i think different compensation is here to stay. insisting ons are it. it is still a great place to go. i was there for 23 years. for young people if you look markets, it is a great experience. it is a great career. they are more highly regulated. if you love the markets, is a great place to work. >> jim head with morgan stanley. >> coming up, the oil boom in north dakota drawing lots of money. what is it going to the states neighbors? we are joined by the governor of south dakota, next, after the break. this is bloomberg "surveillance." streaming