better to weigh in on the subject than a not a madi a professor of finance and he taught at stanford business school and all four of the bankers new clothes what's wrong with banking and what to do about it then in today's big deal ed harris and i are talking about the nonprofit organization that's proving to be played in the morning the side of jamie diamond coming up it all starts right now.

who better to weigh in on the subject than i'm not a model professor of finance and on at stanford business school and author of the bankers new clothes what's wrong with banking and what to do about it then in today's big deal ed harrison and i are talking about the nonprofit organization that's proving to be played in the morning the side of jamie diamond well coming up it all starts right now. with. our lead story today mr john or zine and accountability now in march of two thousand and ten john cores on the former governor of new jersey and ousted head of goldman sachs announced he would become the new c.e.o. of m.f. global now as soon as corazon arrived he began to radically revamping the company into a full service service brokerage firm one that would buy and sell stocks and bonds for clients as well as use its own money to help clients trade and to place its own bets however corps lines ambitious plans all came crashing down in october twenty seventh. when moody's downgraded m.f. global to jump status this after a six point three billion dollar bet on the bonds of some of europe's most ind

he's an alum of goldman sachs, a stanford business school and my school, uva.qual success on wall street and in sports as a two-time nba champ, including with the seattle supersonics. that's why he's here in new york, because he was here for the super bowl. he also served in seattle as the team's gm and president of the supersonics for seven years. wally walker, welcome. good to have you with us. >> good to be here. >> good weekend for seattle. >> great weekend. unexpectedly relaxed. >> means a lot for seattle, doesn't it? >> yeah. been 35 years, my hair was still dark, wearing the short shorts to a men's team that won a championship in seattle. >> 1979. >> 1979. >> that was a good team. let's talk a little about the markets. last year, you were net long most of the year. you have scaled that back so that now, you are 50% net long. what did you see to make you do that since the end of last year? >> we had such a great run, particularly late in the year, the fourth quarter. it was only 60% net long but got longer going into year end which turned out to be the ri

so fast forward when i was student at stanford business school, i started company piazza, to help collegeudyinggtechnical subjects, connect with classmates and professors in real time on line. today we've grown to over million students, over 15,000 professors in 6countries using our product. and for the past four years -- liz: i was going to say you really, what you started off as was just a very magnanimous service for engineering and technology students who got, as you like to put it, stuck on certain problems and could jump on and almost get real-time tutoring. how did it morph into what very well could be a recruiting tool that takes on linkedin? >> absolutely. the first problem students face in college is learning class material. @or past four years we are on to students finding a job, finding internship. students want to connect with these companies and companies want to connect with these students. liz: way more detailed than that. one thing to throw people's resume's up there. what recruiters who pay you i understand it, $20,000 to jump into this pool of students to find potential

talk about what was the genesis of the idea and once you left the marines you did go to stanford business schoolo what you are doing did you need that educational background to put together what seems like a complicated business idea? >> special operations marine, and experience in combat, the connection between the desperate situations and the proliferation of terrorism and insurgency. when i got out realized i don't have the background for this. there wasn't a peace corps guy, basically an engineer from the naval academy. i wanted to build a for profit company. eventually that could end this problem. take it at a global scale. connell: interesting to me that you talked about an awakening experience. is it a specific experience or collection of experiences over the years that you got to do something about this? >> the first marines, one of the leading units in the invasion and came across an iraqi farmer who was trying to escape across our lines with his family when this -- soldiers came to his door, basically we will feed your kids or starve them in front of you. he refused and was trying to e

and high school in the valley and getting her mba at stanford university so no wonder she is enthusiastic about technology. this is part of trademark, silicon valley, part of her open for business agenda which she has been promoting aggressively throughout her tenure. we are so thrilled to have the commerce secretary with us today and we appreciate it. let me introduce commerce secretary penny pritzker. [applause] >> good morning, everyone. how are you? thank you very much, great to be here with all of you and thanks to everyone at the internet education foundation for all work you are doing to bring the keyboards together and internet policy. kim said i grew up in the bay area which i did. i hate to date myself but i grew up in silicon valley, silicon valley was cherry orchards. i have seen a lot of evolution in my day. most of your too young to have heard of fortune systems but that was the first computer i ever used, way before apple so it is great to be here, great to be in this job and i want to say good morning to everyone. this is really important conference for all of you and us at the department of commerce. i want to thank all of you in this room for your efforts to e