what are you learning about the behind-the-scenes maneuvering on the board of new s corp? hanks for having me on. they feel like the quality of information and the information flow, if you will, from the company to the board has not been very good. what i mean by that is they haven't really told the board what's coming or let the board know how bad things could get and how deep this could run. if you're a board member, independent board member there to oversee shareholder interest you're starting to feel like maybe people aren't being very honest with me and you start to question the ability of a management team to navigate through something this treacherous. they've lost $6 billion in market capitalize in just a few weeks. you're very sensitive if you're a board member, as to how bad things have gotten. >> could he be voted out? >> i think it's unlikely. the heat continues to rise on news corporation, especially if there turns out to be any truth or validity on the 9/11 issue, that they hacked into the 9/11 foeps. i think you could see rupert step down then into a chairman

the deal this spring as b.p. shareholders claims b.p.'s russian joint venture should be the primary vehicle for exploration in the arctic. the board members nominated by b.p. didn't make it clear there was an opportunity for corp which they should have done as a result didn't get to participate in this partnership and dance might have had lawsuits as. well lawyers for minority shareholders say they could claim from five to ten billion dollars in losses however in ivory from goals to appeal people leave that too much. this can be very hard for them to really establish that there's been something that's been done that's wrong and that's led to that sort of sort of a financial loss my suspicion is this is all part of a commercial negotiation trying to get something that's the purpose of the decision of the siberian court is that they've now got the permission to get further evidence. because of the markets now crude has seen a very bored day and it has charged over one hundred dollars per barrel for light sweet this is on reports that. actually there's so much positive there's so many positive things going on in europe with them coming to terms on the bailout package for greece that therefore demand is coming bac

s russian joint ventures should be the primary vehicle for exploration in the arctic . but off the board members nominated by b.p. didn't make it clear there was an opportunity for corp which they should have done as a result didn't get to participate in this partnership dance might have had lawsuits . lawyers for minority shareholders say they could claim from five to ten billion dollars in losses however in ivory from goals that he believes it's too much it's going to very hard for them to really establish that there's been something that's been done that's wrong and that's led to that sort of sort of a financial loss my suspicion is this is all part of a commercial negotiation trying to get something that's the purpose of the decision the siberian court is that they've now got the permission to get further evidence. u.s. has come up with an eleventh hour plan to resolve the deadlock over instead ceiling it's hoped the plan will help the country avoid a technical default includes a deficit cuts of four trillion dollars and calls for tax increases of one trillion but the chief strategist of bank chris we first says there might be a gap between promises and real cuts