let me tell you how i know steve ballmer?> let me back up, every few years, i think it's important to do that. i've been working hard on the issue of poverty. some years ago, i was concerned about the fact that black people i thought would end up as roadkill on the information superhighway. we didn't really good sears getting in the technology -- it's called blacks technology. for three or four years, i carried a huge action -- active event in congress. to have shifted, technology, i call you, asked for a meeting. and microsoft thanks to you wrote a big check and sponsored it for three or four years as wye travelled across the country. and thousands and thousands of events. >> i remember the one you got in new york. 7:30 in the morning, you managed to get teenagers out -- i'm still grateful all these years later. you understanding what that vision was about and why that work of so parent to g-- work wo important to get people into this technology arena. when i heard that you were interested in buying the clippers, my heart re

ceo steve ballmer and the reverend jesse jackson were arguing for more diversity. at inl be joining us studio very soon. joining me now is cory johnson. you have been talking about the pay package all morning. you do not think it is very fair for an incoming ceo. why echo >> i think it is interesting to look at this as it relates to other companies and other new ceos. is interesting the voteh represents of so many neutral pension funds opposes the pay package is too rich for a company that has underperformed. they oppose an very high pay package for the incoming ceo. difference, make a coming in as the new kid on the block? >> one issue is how much it is guaranteed. if you look at someone like he is right in line with the shareholders. taking homea guaranteed pay and bonuses every single year. it is a hard job, don't get me wrong. i think as it relates to how it is structured, they have opposed the deal for those reasons. >> how it has a compared to other tech ceos? some will take one dollar and the rest in stock. he says stick with me and i will take you to the pr

you look at microsoft, steve ballmer saying i don't think we should necessarily buy back the stock at these levels. that certainly seems to be a signal. also they are doing more big acquisition, it is a $200 million acquisition this year. should we expect to see them using their stock as currency more in 2015? and does that drive up valuations even more in certain sectors. >> i think you are going to see a lot of tech m and a. especially from the giants. also smaller companies are using that capital to acquire other companies. there is a lot of m and a going on. at the same time some companies are going at this valuation let's just raise a pile of cash in case the market does fall and we need to have a war chest to grow. >> people -- investors in new york tend to lose their nerve a little earlier? how does that work? >> it's curious. to me there is a lot of entrepreneurs happening in new york. a lot of great small companies that have popped up. especially in media and advertising but they always seem to sell early. nobody's really stuck around to see the amount of disruption that coul

going back to the satya nadella situation, he did not have as big a stake as steve ballmer.ut what they gave him was a big stake with a lot of incentive to really drive performance. he won't receive a majority of it 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. >> thank you both. after taking on uber, senator al franken questions lyft. ♪ >> welcome back to "bloomberg west." senator al franken has sent a letter to lyft asking them to clarify their policies. we spoke with cofounder and president john zimmer and asked 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. a customer service representative may need to access the information if they lost their phone in the car or say, can we check this l

a look at unforgottable moments from 2014 including this gem from steve ballmer.ore "money" up next. >> do we have any clipper fans here ?!. i can't hear you! ah, got it. these wifi hotspots we get with our xfinity internet service are all over the place. hey you can stop looking. i found one. see? what do you think a wifi hotspot smells like? i'm thinking roast beef. want to get lunch? get the fastest wifi hotspots and more coverage on the go than any other provider. xfinity, the future of awesome. adam: sony working hard to get more people to watch "the interview." the troubled movie is about to receive a wider audience and that starts tomorrow. sony says it will expand its video-on-demand distribution of the film making it available on playstation on new year's day. not only that it reached an agreement with cable and satellite providers to bring it to an even larger audience at home. the number of theaters showing the movie will increase, doubling to nearly 600 screens. sony so far reported a big loss on the movie making just $18 million on what is expected to

what is it that does that that steve ballmer did not?> he has taken an approach to opening up microsoft's platform. you see it from everything whether it is bringing office to the ipad. you see it from the effort to jump start sales in the nine inch and under category of tablets by providing windows for free. you see them pushing back with the hp stream. this effort to become more viable and less of a closed platform and to play well with the other players including google and apple. >> play well in the sand box. great to see you again. >>> thank you. china's stock market on a tear up 3.5% this week alone. many are raising concerns waving the red flag. how worried should you be? think about the lead up to the 2008 drop. we'll explain. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase. like 50,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how

steve ballmer has may more money than all of us together. not even close.us together watching. thanks. you can aspire to his money potential. whatever i was trying to sigh. good-bye. >>> and late night lampooning. self mockery between president obama and steven colbert. ring ring! progresso! i can't believe i'm eating bacon and rich creamy cheese before my sister's wedding well it's only 100 calories, so you'll be ready for that dress uh-huh... you don't love the dress? i love my sister... 40 flavors. 100 calories or less. try zyrtec-d® to powerfully clear your blocked nose and relieve your other allergy symptoms... so you can breathe easier all day. zyrtec-d®. find it at the pharmacy counter. >>> well, tile "the pulse" now. and just one item in the pulse this morning, president obama's appearance on the colbert report. >> it was his first appearance on the show, and his last. colbert report is off the air at the end of the month. >> he took on the alter ego of colbert. >> nation, as you know, i, steven colbert, have never cared for our president. the guy i

microsoft ceo steve ballmer caught the rebound and bought the team. >>> 2014 is one ray rice and hisife would probably like to forget. the former nfl star got his own one-punch from devastating videos of him hitting his then fiance' and knocking him out in the elevator. once tmz aired the second rice was suspended over turn as the focus turn to the nfl want they knew and when about the whole thing. suspension lifted, rice is now hopeing to get back in the game. >>> adrian peterson took a plea deal aft pictures of his four-year-old son's beaten legs. a appeared online. the minnesota vikings suspended peterson for the rest of the season. >>> on broadway troubled actor shia leboeuf was buffed for drunken behavior that was no act. he was kick out of the audience and into the slammer for the night. mamma june shannon started dating a convicted mild cho lester. no laughing matter for bill cosby. a dozen women claim he assaulted them at different times throughout his career. cosby has not been criminally charged. the year had its share of scandals so what will 2015 bring and who will end up

steve ballmer is buying a sports team. marc benioff gives a lot away. what do you do?all the money you have made? >> so, most of it is still in linkedin stock. because i am building the world through linkedin. i serve on a number of different nonprofit boards, like kiva and endeavor and do something. i try to finance projects that i think are interesting. >> are we ever going to see you start something else? another company? >> probably not. you know, with series a and seed founders, i work pretty closely with them, but there is a long way to go with linkedin still. so i would say that it's unlikely. although, you will see me partnering with a bunch of great young entrepreneurs, and trying to help figure out how to build something big. >> reid hoffman, thank you so for joining us. it's has been a pleasure to have you on the show. >> thank you. ♪ this is a bloomberg news update. we are expecting breaking news any minute. than what lower economists were looking for. is compared with the prior read of 10.5% -- that is compared with the prior read of 10.5%. u.s. stocks are

join me next time for a talk with microsoft billionaire steve ballmer. that's next time.ll see you then. ♪ before ♪ >> and by contributions to your pbs station from viewers like you. thank you. >> narrator: welcome to "film school shorts," a showcase of the most exciting new talent from across the country. experience the future of film, next on "film school shorts." "film school shorts" is made possible by a grant from maurice kanbar, celebrating the vitality and power of the moving image, and by the members of kqed. [ wings flapping ] >> girl: you know why i call you monster? because you behave like a monster. what am i supposed to do? huh? what? you tell me. because i'm out of ideas. i'm sick of this [bleep].

>> he is a very calm persona versus steve ballmer.u 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 pieces together and create a cohesive vision. you look at the last few months of steve ballmer's tenure. they bought gnocchi a, bought a few bits and pieces. there is generally a stronger lla has ahat nade bigger vision of how everything goes together. >> how does it all fit together? what do we know about their intentions for nokia> ? they have been criticized in the past for being late to mobile. now they are putting mobile first. what do we know about where

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 relevant to corporations? what is the line between those two things? perhaps not as clear as it might seem. things have a way of moving from the consumer world to the corporate. but is microsoft staying relevant with corporations and they were certainly doing their darnedest to stay that way.

even 8% was not even possible under steve ballmer.hat he has done in one year is not that bad for the shareholders. >> i agree. >> what is the one last thing you will be watching for, then? >> a lot of questions about any possibility of a special dividend or how they will return money. eyearl icahn, keeping his focused on that. -- anuragar anna rana, thank you for joining us. >> a special treat, mary childs will join us with the morning must-read on bill gross' final days with pimco. good morning. it is "bloomberg surveillance." ♪ >> good morning, everyone. "bloomberg surveillance." we need the morning must read. here is brendan greeley. back:'s feckless rulers the tortoise against the hare ." that caught my attention because finenk a good op-ed puts a point on what we were thinking for a while. this was the warning in europe for the last six years, that if there are not better social policies, people get radical. >> we are seeing in italy, quiet at the end of 2014. these are new characters. >> we are seeing it in stodgy centrist germ

because investors were so relieved to see the backside of the steve ballmer?in san francisco and i was talking to a number of guys and across-the-board people said that evil are excited to work with microsoft again -- people are excited to work with microsoft again. they are starting to make more m&a moves, they bought minecraft . people who do not want to work for microsoft are saying that it is a different company -- >> you have microsoft entering further into the cloud and ibm doing the same thing. cloud is like the new china. they used to say that we are entering china and the stock would rise. number six, remember the viral style"?n "gangam it just keeps going could you can't shut psy up. 2.1 billion views. can you imagine that? >> nol it is hard to imagine. alex, how many times have you watched it? >> a number of times. i probably don't make up a billion of that 2 billion. the reason it broke youtube -- this starts to get really nerdy -- it has nothing to do with computer architecture. they cannot support something called the 32-bit integer. i don't know

microsoft's ceo steve ballmer caught the rebound and bought the team.d his wife would like to forget. the former nfl star got his own one-two punch from videos of him knocking out his fiancee in an elevator. rice was then suspended but that was overturned as the focus turned to the nfl and what they knew and when about the whole thing. suspension lifted, rice is now hoping to get back in the game. adrian peterson took a plea deal after pictures of his 4-year-old son's beaten legs appeared online. the minnesota vikings us suspended peterson for the rest of the season. and on broadway, shia labeouf was busted for drunken behavior that was no act. he was kicked out of the audience and into the slammer for the night. tlc canceled here comes honey boo boo after matriarch mama june shannon started dating a convicted child molester and it was no laughing matter for bill cosby, he's keeping quiet after more than a dozen women claim he assaulted them at different times throughout his career. networks canceled his projects. cosby has not been criminally charged.

to the stuff you're talking about, the financial dynamics, jesse jackson sat in the row next to steve ballmerhere is a commitment to increase representation of people in color and women in microsoft. that is a great thing. is there a danger it gets overly politicalized? >> after satya's comments a couple of months ago about women, you wondered who will answer this question. i think they did a good job addressing that issue. the shareholders meeting is typically not terribly stock-impacting. there are a lot of social issues that come up. as far as the stock goes, the meeting was a nonevent. what was important to me, you've got a newer board here. now i think that agenda can move forward to do things to help improve shareholder value. >> you made noise today. best performer on the dow. thanks. see you soon. >> thanks. >> rick sherlund. >>> amazon's jeff bezos speaking out, defending the company's lack of profits and explaining why it won't matter if the fire phone flops. henry blodget with more details of what bezos said on stage and off. how do you beat the number one seed? you just have to wi