we have been speaking about satya nadella, a hefty pay package.t your interactions with apple and tim cook? >> we hope to meet with tim cook soon. they've had the pleasure of having offshore tax havens having the tax breaks brought back home. they have not been as sensitive as they must be. we're working with truckers and advertising agencies and marketing. we are in this area. equal employment can be used here as well. >> thank you for joining us, president of the rainbow push coalition. pandora shares have taken a beating this year. will a new look help refresh growth? we hear from the music streaming services cfo next. ♪ >> welcome back to "bloomberg west." i'm emily chang. music streaming service pandora is getting a new face. the company rolled out a redesign for its mobile platform available to 3% of iphone and android users right now. but it will take effect for everyone over the next few months. we talked to michael herring at the technology conference in scottsdale, arizona, and started out by asking him about the latest update. >> we are

we did meet yesterday with satya nadella. i think that is a big deal.ong become pennies have had the pleasure of having offshore tax havens. getting government contracts. toy have not had a sense will grow together. truckers and advertising agencies and marketing, businesses that are no longer this together. we are all in the era and should be a part of it. i want the government to play a role in demanding the equal opportunity employment be used here as well. jesse jackson in washington on the day of the shareholder meeting. thank you for joining us, president of the rainbow push coalition. yorkcrumpton is in new with a preview coming up at the top of the hour. >> the result of the fed asia books coming up at 2:00 washington time. the anecdotal reports from the districts. by the founderd of s&p. i will see you in a few minutes. back to you san francisco. lex thank you. pandora shares have taken a beating this year. -- thank you. acquisition? we hear from the music streaming services ceo next. ♪ >> welcome back to bloomberg "west." a new face.etting the

going back to the satya nadella situation, he did not have as big a stake as steve ballmer.igwhat they gave him was a stake with a lot of incentive to really drive performance. won't receive unless they outperform the s&p 500. again, on an annual basis, it's something where the equity package is going to be heavily influenced by the amount of stock he's getting that will of course be driven by the value you can get driving the microsoft share price. i'm sure he will share a lot of it with people that need it. at --ector of research thank you both. after taking on uber, senator al franken questions list. ♪ yft. ♪ >> welcome back to bloomberg west. senator al franken hasn't sent a lyft asking them to clarify their policies. we spoke with cofounder and president john zimmer and how they plan to respond and what privacy changes might be in store. >> we further limited the number of employees that have access to personal information. steps, a customer service representative may access the information if they lost their phone in the car or say, can we check this last trip? there a

i think as well as satya nadella has done he has not addressed and it would be krooiz to expect him to the solve the central conundrum which is what is the future of windows? and how do you possibly maintain profits in world moving away from the centrality of the window's platform. and it's something steve ballmer couldn't solve and as much credit as nadella deserves there is no solution in sight yet. >> to that point in your interview with satya nadella he was saying the way he's going to measure his success as ceo is by microsoft's relevance, not something that the company seems to have quite yet. but how does a company get graded on relevance? what do you look for to say they are or are not relevant at this point. >> i think it is user driven but perhaps not in a way that's apparent to all of us. most of microsoft profits come from corporate customers. we all tend to talk about the world in consumer driven technology and that is not really the world microsoft is in anymore. so there are a couple ways to think about it. do they need to be relevant to consumers in order to stay releva

satya nadella.sked him what nadella had to say. >> i think the real deal is if they will see that for those -- women and people of color represents market, money, talent and location. it is not the cost of doing business. it is the key to growth. there is an opportunity there. while we focus a lot on stem and engineers, we can help increase that supply base. beyond that, 60% to 70% of the jobs are non-tech. lawyers and ad agencies and marketing and security forces. a whole range of workers and talent can be employed in these industries. >> reverend jackson, is it interesting to have that conversation with a guy of indian descent? for you to have that conversation with -- does he get it more because he is also in this country a minority? >> well, actually, in microsoft, there is an interesting rainbow you have. an indian president, female cfo and african-american members of the board and white attorney in terms of mr. grant. so you really have -- i think they do get it and they see that the market is

finally microsoft shareholders approving a $84 million pay package for satya nadella. it wasn't enough to -- the stock up about 30% so far this year. we were just talking with rick sherland who takes his target to 54 today. >> it's interesting about pay. when it comes to satya nadella. microsoft is a huge company. number two behind apple in tech now. when i look at apple and the way it compensates execs in these trenches every couple years. valued in the mid 60 millions it is hard to get too worked up about a pay package for nadella that is valued over multiple years at this level especially compared to how much a bill gates a steve ballmer made off this company. as an investor don't you want him to have a bunch of skin in the game compared to people that have come before him? but microsoft doing well. >> there was one shareder yesterday very vocal about valuations and that is steve ballmer, now the largest independent shareholder in the stock sitting in the second row and tweeting i don't favor market --. specially versus other tech companies. when you see a stock lik

as satya nadella came in and he made it clear to investors, it has resonated well., aboutt wonder, to his comments about how women should not ask for raises. a needs to make microsoft destination for talent, a source of information. as opposed to making -- >> there will be a lot discussion on those topics, including from investors. that will be on the tap today. >> when i hear a ceo say we are moving into the cloud, i hear the words, "i have no idea what i am doing." what does that mean for their product? some of their platform service offerings, they have done well on that. scarlet is our celebrity lodestone. she cares about the soap opera. i do not. >> i care about women's pay. >> what do they do with -- are you ready for this? 85 -- is it $85 billion in cash? >> yeah, it is a lot of cash. >> and they are building $20 billion plus a year. we call a --hat >> where is the special dividend? >> to be very honest with you, 10 or 12 years ago they issued a special dividend and stock did not do much. >> who cares? where is the special dividend? they should be spending th

. >> satya nadella was telling me a few weeks ago that he thinks entirely different business models are going to be necessary for u.s. companies to compete in emerging markets like india. >> absolutely. i think there are new ways of thinking about opportunities and business models are in front of us and it's very exciting. >> vishal sick is aal sikka, th joining us. up next. david favber sits down with davd zaz lav. get to the terminal across town. arslav.een lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. --i don't know my credit score. that's really important. i mean - i don't know my credit score. don't you want to buy a house...like, ever? you should probably check out credit karma, it's free. credit? karma? free? credit karma. really free credit scores. how do you beat the number one seed? you just have to win 70% of your points at net. and keep unforced errors under 10%. on the ibm cloud, the u

satya nadella held his first investors meeting of his tenure, but he didn't use his platform to talke of software. he emphasized the importance of diversity in the workplace. let's bring our next guest into the conversation. daniel gleason joins us from ihs. thank you for coming in. onto the subject of software in just a moment. no surprise perhaps that they are giving this message that diversity matters after a bit of a gas back in october. how did you view not ella -- nadella's performance? >> he is a very calm persona versus steve ballmer. i think when you are looking at where microsoft was going and where it wants to be, there is a very reassuring presence. >> and he came to this meeting at a good time. results,ast set of sales beat estimates, profit beat estimates. you have the cloud software, the online version of office. things seem to be moving in the right direction. >> even if you look at the pc part, even though that market is decline isn, that beginning to slow down. it is growing in a lot of industries. there is also the feeling that nadella is able to pull all of these