David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David after 16 years as the ceo of ge, you have stepped down. Is a big burden off your shoulders now . Jeffrey i do think if you are doing the job well, you feel ownership over everybody who is a constituency, and you wear that 24 hours a day, seven days a week. Look, i think 16 years is a long time to run one of these companies and i am starting to feel a little bit of decompression, lets say. David do you think it is too long to run a publicly traded company for someone like you . Jeffrey thats a good question. I think there is a right time and wrong time in terms of doing it. A company our size, you need to run it long enough to make a difference, shape strategy. It has always been our philosophy to give a c
His native venezuela, the former mayor of caracas has fled to europe by way of colombia. In a phone interview, he told the associated press, i am more useful fighting for venezuelas mockery see a broader than i am as a hostage in my home. And pfizer is demanding the state of nebraska not use any of its drugs to carry out the death penalty. The state planning to execute chemicals with a cocktail of drugs, three of which pfizer makes. I am more useful fighting for venezuelas democracy abroad than i am as a hostage in my home. Global news 20 hours a day powered by journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Emily this is Bloomberg Technology. Coming up, stitch fix goes public. We discuss what sets the online Styling Company apart. Plus, elon musk reveals Tesla Semitruck to much fanfare, so will it up and a band upend the industry . And one of apples most anticipated new devices will not be available for the Holiday Shopping season. Why custome
Alix the worlds most powerful central bankers meet in germany. For us, really all guidance should be conditional. It is a matter of policy itself. Alix in zimbabwe, the military seizes power and detains 92yearold president Robert Mugabe in the struggle over the succession of the only leader the african nation has ever known. It is all straight ahead on bloomberg best. Alix hello and welcome. I am alix steel. This is bloomberg best. Your weekly review of the most important Business News, analysis, and interviews from around the world. We begin the week with the president wrapping up his tour asia. During his 12 day trip the president demanded that foreign leaders help narrow the u. S. Trade deficits while advocating his America First policy. President trump a month ago said he was not going to participate in the tpp, and over the weekend, 11 other countries that are in the tpp or were in the tpp say they are planning to go forward with some modified version of it. So President Trump cam
Morally 10 women. Moore is suffocating under the weight of gossip and his improbable innocence. Its got majority leader Mitch Mcconnells panties in a bundle. What can they do with joy boy roy . Hes just crazy enough to stay in the race. Current senator al franken could resign. There are a couple scenarios. Franken could resign and the numbers would most of likely be the same or he could stay and wound his party. The moore situation is far more fluid, and the off chance he wins, it would be wildly hypocritical to threaten unseating him. Frankens troubles further complicate that he used the hashtag metoo on social media. Minnesota democratic senator al frank enforced himself on a radio host on a tour of afghanistan . 2006. He came at me. And before i even knew it he put his hands on the back of my head and came towards me and mashed his face against his my mouth and stuck his nung my mouth and i pushed him back and said dont ever do that to me again. I was so angry and i walked out of th
Of blackrock, the worlds biggest money manager. It handles more than 5 trillion in assets. After the financial crisis, what have we learned . Philipp we have too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Not only do they happen, but when they happen, things tend to be amplified. Thats the key thing. We have also learned that this notion of letting the market be totally free, that wasnt a good idea. What stands out is banks needed much more capital than they had at the time. We had capital levels that were excessively low. In some cases, these banks were leveraged nearly 100 times. That, to me, has always been the key takeaway. In some ways, i wish we had focused more on the capital issue, and less on all of the other things that have made it into the regulatory reform. Francine is there a concern now of regulating the financial crisis, and we may miss the next one . We might, there shouldnt be any illusions. Financial crises shou