now the flat side of that is in studies done by sue susan sorensen more broadly if you surf the gun dealers and ask them are you willing to make a sale under conditions that might seem questionable the what sound like a straw purchase anywhere from 20 to 50% of them are willing to say yes. anthony braga has also taught us that in atf traffic investigations the longest source of trafficking is gun dealers. so as the folks have said, if you are in the business of selling guns in the united states, you have to have a license from the federal government and the federally licensed gun dealers in the u.s. some states as daniel mentioned also require a state license. how many states in the u.s. require the person who cuts your hair is licensed? and increasingly i will let met a relevant form of licensing for me. but how many states require a cosmetologist to be licensed? the answer is all of them, all 50. how many states require a gun dealer and license? the answer is 17. 17 states in the district of columbia and the wide swaths of the country have no licensing why should you care if the state's l

the flip side of that is in the studies done by susan sorensen and also by garen as well, more broadlyto survey the gun dealers and ask them are you willing to make a sale under conditions that might seem questionable that sound like a straw purchases anywhere from 20 to 50% of them are willing to say yes. and anthony braga has taught us that in 80 trafficking investigations, the largest single source of trafficking is gun dealers. so as said, if you are in the business of selling guns in the united states, you have to have -- you have to have a license from the federal government and ffl. there are about 55,000 licensed gun dealers in the u.s.. some states as daniel mengin also require a state license. how many states in the u.s. require the person that cuts your hair is licensed and increasingly i will admit a legend form of licensing for me. but how many states require a cosmetologist to be licensed? the answer is all of them. how many states require a gun dealer licensing? 17 states in the district of columbia q. can see them distributed here in wide swaths of the country that they

sorensen who leads the pharmaceutical manufacturer. he jumped all the way from number 233 to number 20. >> and joining us now is susan battery, an experta ceo herr of battley consultants. good morning. >> do you think they got it right? i think they got it right on one aspect which is shareholder value over time. while this is critical in terms of what investors are looking at, i do believe it's only one metric. we have many others especially in american companies we want to look at do our ceos grow jobs are they adding more broadly to innovation. they looked at one which is an easy one to measure, but it's not the only one. >> the other ones are harder to measure, though, aren't they? >> they are harder to measure but with our american companies, ceos have an obligation to investors, yes, but they also have obligations to employees and to their customers. >> who should have been on this list? >> ah. let's say who isn't on this list. warren buffett is not on this list because the study looked at ceos who have come into office from 1995 and forward. so there are -- i mean he's a clear omission right there. i think also there are a numbe