. >> on september 1, 2014, he turned over the ceo role to his chosen successor, peter hancock.andover was smooth, quiet, hardly noted. a vast difference from the days when he took over. is there some sort of secret you can dispel to somebody who gets a diagnosis like that, but still is able to turn around a multibillion-dollar company? how do you do that when you are faced with a diagnosis like that? >> you have to focus on living. and believe me, there are times in my life that, had the diagnosis come and the consequences of death came, it would be devastating. had it happened in the middle of getting aig to the point that we completed the restructuring. completed the 92% ownership of common shares to the u.s. government. that would have been devastating. it would have been devastating in 2005, when i was still getting this house finished and ready for my retirement. so, when you think about your death, think about what you have accomplished. if there's things that are worrying you about the legacy you leave behind, my father left behind a wife with four children, no will, $25

asha banga who is the ceo of mastercard, peter hancock, who is the ceo of aig renee james who is the president of intel. leo connor who is the leader of technology. so let's jump into this. my first question renee, is for you. what is your vision for how technology can create a more secure environment and protect data? >> thank you. we have been working on improving the baseline of security and computing for about the last decade. billions of dollars of investment. so our vision is really we'd like to get -- just get a baseline of security for everybody, and to that end we've made significant investments in the security industry, but more importantly, are moving forward with initiatives like giving away free mobile security, putting in multifactor authentication into all new computers, things that we really think will help consumers if it's just there and it's available for them instead of forcing them to have to go out and make decisions about what security what they should put in what are these crazy things. just make it easier for them and just raise the baseline so we can get eve

aig's current ceo, peter hancock. and what reflections can you share with us today? >> thank you kelly. it's obviously a very sad moment for the whole aig family, and i'd like to just say that he left behind him a company so much stronger because of his extraordinary leadership. >> peter, do you think this company would have survived without him? >> certainly not in its current form. he recognized that this was a company that was stronger together. he resisted pressure to break it into pieces, and recognized that only by focusing on going concerns serving its 90 million customers around the world could it repay the government's assistant in full with a considerable profit and leave 64,000 employees and all of our customers with a company with a proud history but also more importantly, a good future ahead of it. >> peter, why did this company deserve to survive? why do you think robert benmosche came out of retire am to ensure that it did? >> this is a company that has really pioneered all forms of insurance and brough

on jay who is the ceo of mastercard peter hancock who is the ceo of aig, renee james who is the presidentintel and new low o'connor who is the ceo for the center for democracy and technology. so let's jump right into this. my first question when i is for you. what is your vision for how technology can create a more secure environment and protect data? >> thank you. we have been working on improving the baseline security and computing for about the last decade. billions of dollars of investment for sewer vision is really we would like to get just get a baseline of security for everybody and to that end you know we have made significant investments in the security industry but more importantly are moving forward with initiatives like giving away free mobile security, putting in multifactor authentication into all the computers, things we help consumers if it's there and available for them instead of forcing them to go out and make decisions about what they should put in and what is multifactor and what are these crazy things and just make it easier for them and raise the baseline. one of th

yeah just a quote from the release, peter hancock, ceo is saying looking back it was a year of transitionion, and he talks about some of the important steps here changing of the way their reports and business units, et cetera but johnny aig again, a company that's been through many a transformation still looking to see what are going to be the income and net revenue going forward. >> absolutely. this is a market where the financials perform in strange ways. traditional financials banks, are not earning money off the spread. their earnings are disappointing and the government is collecting money ut out of them in penalties. untraditional financials, i'm talking about companies like blackstone. and the deal business is rocketing ahead right now. this is when they make all their money. >> great point. we'll leave it right there for now. quick break, thanks for everybody. catch tim coming up with the fast money crew at 5:00. they're going to talk fire ice stocks soaring. dave dewalt coming up in 45 minutes. >>> the u.s. stock market has been lagging, europe this year but a survey finds wealth