Stories and uncover them in opinion form which is a rather large mandate. [laughter] in order to narrow the funnel i started looking through corporate figures and i saw from an amazing number of in terms of how the transition from the Financial Sector to the Technology Sector since the great financial crisis and one of the numbers that stuck out was a Mckinsey Global institute figure looking at how 80 of corporate wealth was being held in just 10 of firms and those are the firms that were richest in personal data and intellectual property so basically if you are trafficking in these things you are holding the majority of the worlds corporate wealth and the biggest of those firms were the ones that i profile in the book, facebook, apple, amazon, netflix a little bit and google. They make money, all of them, pretty differently but there is some overlap with facebook and google and Digital Advertising but look at apple and they mostly shunned advertising and look to sell their devices and
Why this book and why now . Guest i started this but i guess it was 2017 and i had just taken a job as columnist for the Financial Times where my mandate was to figure out the biggest business and economic stories and cover theinthe cover than am which is another mandate. I saw amazing numbers in terms of transitions in the financial sector. The figure looking at how 80 of corporate wealth was being held at 10 and those are the firms that were the richest in personal data and intellectual property. The biggest of those firms facebook, apple, amazon a little bit. Big and Digital Advertising they have mostly shunned advertising with the devices and technology. You mentioned it isnt an ad driven company but on a whole different basis besides the fact we think of them as being tech do they have one thing in common . Guest it is an interesting point you make because right now they are trying to separate each other as regulators what they do have in common is the Network Effect that i talked
Podcast. Given the political times that we are in and given the height and stocks of amazon, google, facebook and others, but you normally have a pretty broad scope of your coverage the job for the Financial Times by mandate was to figure out where the worlds biggest business and economic stories that cover them in opinion form which is a rather large mandate. I saw amazing numbers in terms of how well they took conditions to the Technology Sector since the great financial crisis and one of the numbers that really stuck out was the Global Institute figure looking at how 80 of corporate wealth was held at 10 of firm into those are the firms that were purchased in personal data and intellectual property so if you were holding the majority of the wealth they were the ones i profiled in the book there is some overlap with facebook and google making Digital Advertising they look at apple and mostly shined advertising. Its a great question. What they do have in common is the Network Effect a
Although now, we look back and say it is so obvious, at the time there was nothing obvious about it. It could have ended up being nothing, but as it worked out and turned out to be a very significant event. Im very happy i did have the opportunity. Host whod you know among the earliest recruits . Were some of your friends recruited . Ms. Winebanks yes. Wasirst boss, charles ross, one of my colleagues. He was on the Campaign Contribution team. In terms of the coverup up, i did not know anyone when i first started. After the number of years of 24 hour days, seven days a week, i know them all very, very well. Host tell us about the state of the case. It was a long time ago. The you started your job, assistant attorney, assistant u. S. Attorneys were working what was the state of the case . Do you remember . Ms. Winebanks there really was not much when we took over, but the hearings had started and john dean was soon to testify, shortly after we were formed, he testified. And his testimony
Im eugene meyer, president of this aside im delighted to walking of the 15th annual memorial lecture. This lecture darted as many of you shortly after 9 11 [inaudible] this lecture started as many of you know shortly after 9 11 can you hear better . Sorry . [applause] ted olson inaugural lecture reminded of what a means to be an american and how our legal tradition is a critical part of our identity as americans. That reminder remind is perhape crucial today. Both ted who is here today and barbara understood this connection. We want the series to remind lawyers of it so they foster legal principles that advance individual liberty and personal responsibility and the rule of law. Others lecturers have included Justice Scalia, chief justice roberts, ice president cheney, judges ken starr, robert bork, ray randall, edith jones, doug ginsburg, jeff sutton and then judge not justice neil gorsuch, also included former attorney general michael mr. Casey, from white as counsel don mcgahn, john