them.lk to wpp is a macro play and based on asia. it is an early investor in early mover. it gets onto the chinese have ac economy and they very good job. >> it is a different company. u.k.ey are known for the and they have been early movers in the online gaming and converting business online. prices are going up as a result of football games. as you know, they'll is make a a balancehey may have downwards on bad weather. >> that is for sure. >> this is interesting. >> talk to me about the top electronicsd getting to 52%. this is a company that is getting chemicals and industries. story? is in a -- is it acal story? pharmaceutical story? chemicals the going to flat screens and things like that. have made top-quality markets. view that tablets are a growth area. strong and there is a private equity counter. they may look again at a counter bid. they paid a price for it. known and they have a use electronics. is the recovery, for instance and we have been buying in the u.k. tech sector. what is related to tech is something that they have an edge on. we think is an interesting

maybe not a billionaire, but sir martin sorrell did assemble the world's largest advertising agency, wppmployees. why is this worth it to you? >> to be brutally frank about it, we have a large number of our clients here and a large number of people who aren't our clients, so from--to use that terrible phrase, "from a networking point of view," it is a little bit like, if i can just put it like this, shooting fish in a barrel. >> and exotic fish at that. davos is invitation-only. corporate memberships cost from $30,000 to $500,000; and then it's 18 grand each for the coveted white badges that grant entry and are worn like jewelry. you know, i've noticed that there's something that i like to call the davos glance. when you meet someone, they do not look you in the eye. they look you in the chest. >> well, no. they look you in the eye first, then they look down at your chest. the other thing they do is look over your shoulder for the next one. >> to see who else is coming into the room? >> exactly. [ticking] >> it isn't all business at davos. what is the coolest that has happened to you in

he is the ceo of wpp. >> but you live here now. >> you live here about a third of the time, a third in london and the rest is traveling. >> enough not to pay taxes? >> no, no, i do pay taxes here. and the rates in new york with sales tax and everything and income taxes, state income taxes are roughly the same rate. so the tax equalization. i don't pay double. it gets offset. >> i don't know what that says, now we're equal to -- >> it's about 50%, basically is the marginal rate. >> you think that's fine? >> well, the british government reduced it from 50% to 45% and i thought that was wrong at the beginning of the conservative coalition because they said they were doing it to try and increase entrepreneurial activity. i think the best way to do that is a capital gains tax, not income tax. so i think that was misplaced. and i think at a time when people were worried about inequality and equality, which was high on the political agenda, i think it was the wrong thing to do. >> it brings up a lot of issues about income equality. and we know the one thing that solved income equality is grow