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Whereup?

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Delta.

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Serator.

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Five, eight, nineer.

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In a world where TV networks,
movies, studios, and record
labels still think they can
govern what you see in here.

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One man has the power to return
control of entertainment to the
masses and make big media
corporations

00:42.000 --> 00:45.000
wet their tiny little pants.

00:45.000 --> 00:54.000
From Poncho, polled up the
world's most dangerous new
content comes the daily source
code with Adam Curry.

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With $16 million worth of
airplane strapped to my ass.

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Do the next generation radio
content in my ears.

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We don't need no sticky drinks.

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I like to think I'm flying into
this jerk.

01:09.000 --> 01:10.000
Autistic.

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It's Adam Curry.

01:12.000 --> 04:13.000
[ Music ]

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Something about the hand flap,
it's almost like a child girl.

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Just face.

04:22.000 --> 04:29.000
Arthur Eurea, someone like you
just is lonely.

04:29.000 --> 04:34.000
This guy's got a whole mess of
songs in the pod save music
network.

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And I listen to every single one
of my, I think I added at least
three to them to my special
playlist

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because they're all just that
good.

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Hey everybody, how you doing?

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It's a daily source code coming
to you from the Curry Condo in
Northern California, San
Francisco, California.

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It's episode number 589.

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And man, what an odd deal to get
ready for the show these days.

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So I'm so definitely afraid of
the headphone earlobe that I
actually, I got to take a
picture of this.

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I stick like gauze with medical
tape underneath my earlobe so
that the headphone just can't
rub against the sensitive, my
sensitive areas.

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You know what they are ladies,
don't you?

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And I was thinking it's like I'm
like I'm ramming a tampon in
there and then hit me.

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That's actually what I need.

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The tampon will be a great idea.

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So tomorrow I'm going to try it.

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And I think I need like the, the
obese won't work.

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It has to be like a tampax.

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It has to be, I don't have to do
long enough, but just something
like,

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and handy with a string I can
wrap it around my ear so it'll
stay in place.

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Oh my goodness.

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Good night.

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I'm my host.

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This is the right message
service because this is a
generic message.

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I'm Darren from Melbourne,
Australia.

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I'm first time calling a long
timelessness.

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Quick coming about your
headphone in your ear infection.

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There's just a good chance that
there's a bunch of bacteria on
the headphone care.

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And you just get some effect of
those different things in life.

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And keep them, completely clean.

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And then you might not have much
more.

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Okay.

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So it's over here.

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All right, man.

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All right.

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First time call us or let you
slide.

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It was just so nice to hear from
somebody down under again.

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It dude, when you're driving
your car or as you would say,

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when you're back in the youth,
that's not a good time to call.

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It's very difficult to
understand.

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But you made a good point there.

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And this is something Yvonne
Patricia Sister even called to
say.

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And she said, you know, you
really got to disinfect these
pads on the earphones

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because if there's any just dirt
or bacteria or nastiness on it,

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that could be causing the
problem.

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Absolutely.

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But right now, I'm way beyond
that.

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You know, I've had pain.

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I've had suffering.

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I've had an operational
procedure take place.

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Oops.

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Hold on a second.

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I can see the virus softwares
scanning.

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That's not a good idea while
you're recording.

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I never really caused any
problems.

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But why invite Murphy into our
lives, huh?

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So tampons.

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I'll try that.

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Now Arthur, you're a by the way
from the Houston, Texas.

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Born in Chicago.

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Great stuff.

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Love it.

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It's a hand clap song these
days.

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I'm not quite sure what it is.

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So I'm late.

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It is now.

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What is it?

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It's 1215.

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Very late for me to be doing the
show.

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It's been going so well.

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Of course, we have another, uh,
savant.

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From my circle of savants as I
end the Sultan of said savants.

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I'm going to talk about, uh, a
very current topic.

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Uh, excuse me.

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Tylenol P.N.

07:42.000 --> 07:47.000
Check out unwind and GB's show
sponsored by Tylenol at
unwind.podshow.com.

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You will not regret it.

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To why am I late?

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Well, I've been promising for.

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Oh, man.

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Weeks that I would do a Skype
interview with Eric Bergen.

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Um, who plays Bob Godio in
Jersey Boys.

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Of course, uh, if you if you
listen to the show, you know
that he got me a ticket.

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I want to check out the show.

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I loved it very much.

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And now the things are runaway
success.

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And I just can't say enough good
things about it.

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Really enjoyed it.

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But we've never actually met.

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He does a podcast called Green
Room Radio.

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And his mom does a scrap cast.

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She does a scrap book, um,
podcast.

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And we've had a nice little
email back and forth.

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But he really wanted to
interview me for his show.

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And of course, I want to comply.

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But, uh, you know, he's working
a night doing the show.

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And during the day, I'm working,
you know, just to, you know,

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to sit down and and do a, and
interview, it's just hard to
schedule that.

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Particularly just when the other
week's and out here is really
busy.

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So he's been sick for the past
couple days.

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He's actually been, uh,
performing every single night
for six months.

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I think something like that.

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And to some of he's, he had a
throat ache and bronchitis.

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And he wasn't feeling well.

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So he, he took some time off and
he deserved that.

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And so yeah, so you know what,
why don't you call me around
nine o'clock.

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I was working on all kinds of
stuff.

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We have a board of directors
meeting tomorrow or today.

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Actually, when you're hearing
this, you know, we always look
forward to that.

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It's a great moment for us to
check ourselves.

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So we're going through, uh,
through our regular, uh,
quarterly procedure.

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So it's busy.

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I said call me nine, um, and he
does.

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And we talk for an hour and a
half.

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And I did know he wanted to do
like, it's like, it was like,

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it was almost as if we were
doing an episode of this is your
life.

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But I kind of got into it, you
know, and of course it was most
of the energy that I intended

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on spending on this show and it
went into that interview.

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But it was good at the questions
and he really went back and he,
uh,

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and he had done his research,
his homework and, uh, I
appreciate that.

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So, you know, we just talked and
it was, and you know, he said he
wasn't going to edit it.

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And, uh, we were just having a
very nice conversation the way
that it works in, in our medium.

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There's no rush, no rush for,
you know, we don't have to hit
any news break at the top of the
hour.

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We ever bought it.

09:58.000 --> 10:04.000
And I told him, because, you
know, I've been, I know what, so
let me tell you what I told him.

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But look, I had an erotic dream
and you were in it.

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And anyway, I just mentioned
that, you know, me, I just
mentioned that during the course
of the interview

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and he kind of like brushed it
aside.

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And the reason why, of course,
is because I've had his name in
my mind, you know,

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thinking about, I've got to hook
up, you know, I, I,

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things I have to remember, I can
put in my brain.

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I remember them, they bug me and
they keep popping it in my head.

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So I was probably just having an
erotic dream period.

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And then his name popped into my
head, whatever.

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I don't know, he's not a bad
looking guy.

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And I'm just salacious.

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So anyway, so we're near the end
of this interview.

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And his girlfriend walks in.

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I would just, and he sent me
this piece of the interview.

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So I'm sure it's going to be on
green room radio soon or, or as
soon as he edits it,

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I'm not quite sure what he's
going to do with it.

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I'll put a link to that in the
show notes of daily source
code.com.

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But here's how the interview
ended when his girlfriend
answers.

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Oh, actually, he's knocking on
the door.

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I guess she doesn't have a key.

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And well, listen, you'll have,
you'll have some fun with this.

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Sorry about that man. Go ahead,
what were you saying?

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You got a booty call, didn't
you?

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I was my girlfriend walked in.

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Told you, booty call.

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Is she, is she moved with you
for, is she goes with you?

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Travels with you?

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She's in the show. You saw her.
She plays Franky's wife.

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Oh, man.

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She was in my dream too.

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She was, you were an Adam
Curry's dream.

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Yeah.

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Yeah.

11:38.000 --> 11:39.000
Yeah.

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But so you Eric, so I don't want
to know about him.

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No, no, no, no, no.

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Oh God.

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Tell her, tell her, tell her.

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I told her, you were, you were
in the dream.

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Put her on.

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She's coming, come here.

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What's her name?

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Jackie.

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All right, you can, you can
hear?

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Hey Jackie.

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Yes.

11:59.000 --> 12:03.000
First of all, I loved you in the
show.

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Oh, thank you.

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And listen, how good is this?

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Am I slick or what?

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What I forgot to say is, I
really enjoy your work.

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Because that's what that, that's
show business.

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I forgot to say that part, but I
really loved you in the show.

12:16.000 --> 12:18.000
I mean, so I'm getting ready.

12:18.000 --> 12:19.000
Really?

12:19.000 --> 12:24.000
Well, I'm sure you heard it, but
I was so blown away by just by
everything.

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Really, but you guys were
fantastic.

12:27.000 --> 12:33.000
And I just wanted to make sure
you understood that I had this
really weird erotic dream

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about you.

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And I didn't even know that you
were a couple.

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And it was really sexy.

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Adam, I'm curious.

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You have to tell me details
immediately.

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Would you be in that kind of
thing?

12:47.000 --> 12:48.000
Immediately.

12:48.000 --> 12:53.000
Now, did you just hear what I
heard?

12:53.000 --> 12:57.000
Maybe the Skype connection
wasn't good, but let me just
replay that last little bit.

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Would you be into this kind of
thing?

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And she says immediately.

13:00.000 --> 13:01.000
I mean, tell me I'm wrong.

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I'm curious.

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You have to tell me details
immediately.

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Would you be in that kind of
thing?

13:07.000 --> 13:08.000
Immediately.

13:08.000 --> 13:09.000
Wow.

13:09.000 --> 13:11.000
I might get upset, but I
definitely want to know.

13:11.000 --> 13:13.000
So we're going to be in LA.

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Maybe we could all kind of hook
up in Los Angeles.

13:16.000 --> 13:17.000
Absolutely.

13:17.000 --> 13:18.000
That'd be fantastic.

13:18.000 --> 13:20.000
And I could tell you about my
dream.

13:20.000 --> 13:21.000
Yes.

13:21.000 --> 13:24.000
I guess we can't do that now or
be a whole different kind of
show.

13:24.000 --> 13:25.000
Oh, man.

13:25.000 --> 13:27.000
I'm going to have to...

13:27.000 --> 13:30.000
Eric, you got to send me this
recorded me because this is kind
of like my show.

13:30.000 --> 13:31.000
No, I love this.

13:31.000 --> 13:32.000
This is rare.

13:32.000 --> 13:33.000
This is...

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I'm going to use my mother
calling in with something.

13:35.000 --> 13:36.000
Oh, wait.

13:36.000 --> 13:38.000
I'm going to reveal that that's
just awkward.

13:38.000 --> 13:39.000
No, no, no.

13:39.000 --> 13:41.000
We don't want mom getting in the
way.

13:41.000 --> 13:42.000
Yeah.

13:42.000 --> 13:43.000
God.

13:43.000 --> 13:46.000
Adam, I need to go now.

13:46.000 --> 13:47.000
Oh, man.

13:47.000 --> 13:49.000
You are so new to show business.

13:49.000 --> 13:50.000
No, I'm not.

13:50.000 --> 13:51.000
You mean...

13:51.000 --> 13:53.000
You're just having me now as
when the show gets interesting?

13:53.000 --> 13:54.000
No, but didn't you get the
handbook?

13:54.000 --> 13:58.000
It's like we're all supposed to
like sleep around together and
stuff and do drugs.

13:58.000 --> 14:00.000
And that's kind of what you're
supposed to do in show business.

14:00.000 --> 14:02.000
That's just me, man.

14:02.000 --> 14:03.000
I don't know.

14:03.000 --> 14:04.000
This...

14:04.000 --> 14:05.000
This all has to go through
Frankie Valley.

14:05.000 --> 14:06.000
Yeah, go Jackie.

14:06.000 --> 14:07.000
Did you hear Jackie in the
background?

14:07.000 --> 14:08.000
It's the scene, man.

14:08.000 --> 14:09.000
Oh, yeah.

14:09.000 --> 14:10.000
Look.

14:10.000 --> 14:13.000
It's like we're all supposed to
like sleep around together and
stuff and do drugs.

14:13.000 --> 14:15.000
And that's kind of what you're
supposed to do in show business.

14:15.000 --> 14:16.000
That's just me, man.

14:16.000 --> 14:17.000
Yeah.

14:17.000 --> 14:18.000
I don't know.

14:18.000 --> 14:21.000
And this all has to go through
Frankie Valley first.

14:21.000 --> 14:22.000
Yeah.

14:22.000 --> 14:25.000
I have to contact Frankie
regarding everything.

14:25.000 --> 14:26.000
Okay.

14:26.000 --> 14:27.000
We'll give him my regards.

14:27.000 --> 14:28.000
I will.

14:28.000 --> 14:29.000
All right.

14:29.000 --> 14:35.000
So this show is so successful
that now the San Francisco cast
after they're...

14:35.000 --> 14:37.000
The show is going until
September 30th.

14:37.000 --> 14:39.000
So new cast is coming here.

14:39.000 --> 14:41.000
And then this cast is going to
Los Angeles.

14:41.000 --> 14:45.000
And so Jackie and an Eric will
be there.

14:45.000 --> 14:47.000
And of course we've got business
in Los Angeles.

14:47.000 --> 14:50.000
I hope after Friday we may have
a...

14:50.000 --> 14:51.000
Well, you should listen to Green
Room Radio.

14:51.000 --> 14:54.000
I talk about that a little bit
in the show as well.

14:54.000 --> 14:56.000
So again, we have a Savand
coming up.

14:56.000 --> 14:57.000
We're going to be talking about
a...

14:57.000 --> 14:59.000
A news item.

14:59.000 --> 15:00.000
Okurant.

15:00.000 --> 15:03.000
But first, I wasn't even going
to play this.

15:03.000 --> 15:08.000
You know, Tokyo Dan called in a
couple days ago, beginning of
the week.

15:08.000 --> 15:12.000
Basically complaining about two
things about the positive music
network.

15:12.000 --> 15:15.000
And it's right that, you know,

15:16.000 --> 15:18.000
our transaction system is weak.

15:18.000 --> 15:21.000
But of course, you know, we are
giving all the money to the
artist.

15:21.000 --> 15:23.000
And it was the best thing we had
at the time.

15:23.000 --> 15:26.000
And we really shouldn't review
that and look at...

15:26.000 --> 15:28.000
Look at something new there.

15:28.000 --> 15:31.000
And he also said, our search
sucked.

15:31.000 --> 15:32.000
Just true.

15:32.000 --> 15:33.000
But we're also working on that.

15:33.000 --> 15:35.000
But it was a little bit of fence
within me.

15:35.000 --> 15:38.000
Because he said, you know, we've
built this on the backs of the
artist.

15:38.000 --> 15:40.000
And now we have enough content.

15:40.000 --> 15:41.000
Now we're fucking them.

15:41.000 --> 15:42.000
We don't care anymore.

15:42.000 --> 15:43.000
And that's such horseshit.

15:43.000 --> 15:45.000
So, wasn't going to play his
reply to that.

15:45.000 --> 15:49.000
Word not for a brand new
listener who called in to
respond to Tokyo Dan.

15:49.000 --> 15:52.000
So here's his second comment,
which not really focuses on the
money.

15:52.000 --> 15:56.000
And then right after that,
you'll hear the, a new listener
from the Bay Area,

15:56.000 --> 15:58.000
who's, who's, who's raising with
his comments.

15:58.000 --> 16:01.000
And some really smart, nice ones
too.

16:01.000 --> 16:02.000
Hello, Adam.

16:02.000 --> 16:04.000
Tokyo Dan again.

16:04.000 --> 16:06.000
How's your headphone earlobe?

16:06.000 --> 16:10.000
Well, I must got microphone
mouth because I still have some
things I want to say

16:10.000 --> 16:15.000
and response to your comments
about my feedback on DSC587.

16:15.000 --> 16:19.000
I agree that the pod show plus
music section has really been
upgraded,

16:19.000 --> 16:21.000
but for listeners.

16:21.000 --> 16:24.000
And we all know that advertising
dollars chase audience.

16:24.000 --> 16:28.000
But on the other hand, what's
good for listeners is probably
good for the artists.

16:28.000 --> 16:31.000
Therefore, the artists are
getting a lot of spins.

16:31.000 --> 16:35.000
But are these spins actually
turning into dollars for the
artists?

16:35.000 --> 16:38.000
There's probably no way to tell,
but I wonder.

16:38.000 --> 16:42.000
Maybe the most popular artists
on the PMN are selling some CDs,

16:42.000 --> 16:45.000
but I'm concerned for the
artists that aren't so popular,

16:45.000 --> 16:48.000
but still have some fans that
like to buy the artist's music.

16:48.000 --> 16:51.000
And for a lot of non-Engly
speaking artists,

16:51.000 --> 16:54.000
the PMN is the only way for them
to easily,

16:54.000 --> 16:57.000
and the keyword is easily, sell
their music digitally,

16:57.000 --> 16:59.000
to listeners in other countries.

16:59.000 --> 17:03.000
But if the artists can't easily
get the money that they are owed
from the PMN,

17:03.000 --> 17:07.000
then there's no incentive for
them to put their music on the
PMN.

17:08.000 --> 17:10.000
This leads to my last comment.

17:10.000 --> 17:13.000
The one I made about you are not
caring about the artist

17:13.000 --> 17:16.000
since you successfully built the
Pod Show Empire.

17:16.000 --> 17:20.000
Well, maybe I was harsh, and if
I'm wrong, then I'm sorry.

17:20.000 --> 17:22.000
But you have to think how it
appears to me.

17:22.000 --> 17:26.000
I have seen no progress on the
Pod Safe Music Network for ages.

17:26.000 --> 17:29.000
Maybe there's a lot going on
behind the scenes,

17:29.000 --> 17:32.000
but it's not apparent to
podcasters and artists who have
been

17:32.000 --> 17:34.000
dilling of the PMN for a long
time.

17:34.000 --> 17:38.000
And in me, it seems that you
haven't teased for gotten about
the artist.

17:38.000 --> 17:39.000
And I can back this up.

17:39.000 --> 17:42.000
Go back and listen to DSC498.

17:42.000 --> 17:45.000
On that show, we're comments
similar to mine about the
problems

17:45.000 --> 17:48.000
involved in artists getting
their money out of the PMN.

17:48.000 --> 17:53.000
The comment was made by an
unhappy manager of a popular ban
on the PMN.

17:53.000 --> 17:55.000
Well, I contacted that manager,

17:55.000 --> 17:58.000
and we sent a few emails to the
Pod Show about the problem,

17:58.000 --> 18:00.000
but nothing ever happened.

18:00.000 --> 18:02.000
So there you go.

18:02.000 --> 18:04.000
Oh, and I'm not sure about this,

18:04.000 --> 18:07.000
but we might have contacted PW
about this also,

18:07.000 --> 18:09.000
since that ban made his theme
song,

18:09.000 --> 18:12.000
and PW has a direct route to
you.

18:12.000 --> 18:13.000
Well, I want to say more,

18:13.000 --> 18:18.000
but the microphone mouth is
getting the best of me, so I'll
leave it at that.

18:18.000 --> 18:20.000
Hi, my name's Pam.

18:20.000 --> 18:23.000
I'm a listener from the Census
of Aary.

18:23.000 --> 18:26.000
I was just listening to the ESC
and Pod Get In,

18:26.000 --> 18:28.000
and I'm about the PMN.

18:29.000 --> 18:32.000
So my understanding was that the
Pod Show Music Network

18:32.000 --> 18:37.000
was all about artists making
music available

18:37.000 --> 18:43.000
to Pod Cats to be able to play
those music.

18:43.000 --> 18:45.000
And from my perspective,

18:45.000 --> 18:48.000
it doesn't seem like it matters
very much,

18:48.000 --> 18:52.000
whether it's a good search
interface or whether the

18:52.000 --> 18:55.000
click-in-vide stuff works as
well as it should.

18:55.000 --> 18:58.000
It's a real value of the Pod
Show Music Network

18:58.000 --> 19:01.000
seemed like it's in the
licensing agreement

19:01.000 --> 19:03.000
and in the ability to use Pod
Cats

19:03.000 --> 19:05.000
thing as a way to promote music.

19:05.000 --> 19:08.000
And I think it's unreasonable to
think

19:08.000 --> 19:11.000
that there's no value to an
artist

19:11.000 --> 19:16.000
just because search doesn't work
as well as it could.

19:16.000 --> 19:20.000
When it's enabling,

19:20.000 --> 19:24.000
that doesn't seem like that's
the value you're supposed to be
getting

19:24.000 --> 19:27.000
supposed to be the ability to
have their music played on Pod
Cats.

19:27.000 --> 19:28.000
And you know,

19:28.000 --> 19:30.000
you want to have a better search
interface

19:30.000 --> 19:33.000
for spelling music you should go
run on iTunes.

19:33.000 --> 19:37.000
And if you don't want to have
Pod Cats

19:37.000 --> 19:38.000
to play your music,

19:38.000 --> 19:42.000
then you shouldn't be putting
music on none of the PMN

19:42.000 --> 19:44.000
of whether you want to sell it
or not.

19:44.000 --> 19:49.000
So that's all I see at some
thanks.

19:49.000 --> 19:50.000
I love that.

19:50.000 --> 19:53.000
Thank you so much because I
could not have put it better.

19:53.000 --> 19:56.000
Tokyo, Dan, you don't be focused
on the music sales.

19:56.000 --> 19:57.000
That's never what we've been
about.

19:57.000 --> 20:00.000
It's been about the marketing of
music

20:00.000 --> 20:02.000
and exposing audiences to music.

20:02.000 --> 20:04.000
And we've been very successful

20:04.000 --> 20:07.000
that that continued to support
it.

20:07.000 --> 20:10.000
And really just the, you know,

20:10.000 --> 20:11.000
the sales party,

20:11.000 --> 20:13.000
we were able to do something.

20:13.000 --> 20:14.000
It's not completely perfect,

20:14.000 --> 20:16.000
but it's not our core business.

20:16.000 --> 20:17.000
And he's writing.

20:17.000 --> 20:18.000
If you really want it to be
perfect

20:18.000 --> 20:21.000
and segregated by country and
easy for everyone,

20:21.000 --> 20:24.000
then you need to do it through
iTunes.

20:24.000 --> 20:26.000
So let this be the end of it.

20:26.000 --> 20:27.000
Please.

20:27.000 --> 20:29.000
So tired of this.

20:29.000 --> 20:32.000
By the way, Eric Burger just
sent me pictures of his
girlfriend.

20:32.000 --> 20:33.000
Jackie.

20:33.000 --> 20:35.000
Oh, oh, oh, man.

20:35.000 --> 20:37.000
She's 28.

20:37.000 --> 20:40.000
James Marino, Adam listening to
the daily source code.

20:40.000 --> 20:41.000
Do you see five, eight, eight?

20:41.000 --> 20:43.000
I noticed that they,

20:43.000 --> 20:47.000
I thought I noticed that they
sounded the same

20:47.000 --> 20:49.000
so I put them next to each
other.

20:49.000 --> 20:50.000
Last, I don't sound the same,

20:50.000 --> 20:52.000
but they're phrasing rhythm are
the same.

20:52.000 --> 20:54.000
What's this about?

20:54.000 --> 20:55.000
Ah.

20:55.000 --> 20:58.000
Subject of the email.

20:58.000 --> 20:59.000
Is Alec Baldwin,

20:59.000 --> 21:01.000
Josel's boyfriend?

21:01.000 --> 21:02.000
Okay.

21:02.000 --> 21:03.000
I don't know who this is,

21:03.000 --> 21:07.000
but stop fucking calling Josel,
asshole.

21:07.000 --> 21:09.000
I want to say something okay.

21:09.000 --> 21:12.000
I want to leave a message for
you right now.

21:12.000 --> 21:15.000
Okay, I get it.

21:15.000 --> 21:18.000
This is another link I should
put on the source code.

21:18.000 --> 21:21.000
Show notes from a Sinclair much.

21:21.000 --> 21:26.000
Ah, there's a politician in,

21:26.000 --> 21:28.000
let me just read you this.

21:28.000 --> 21:31.000
Tanya Dervo,

21:31.000 --> 21:33.000
leading candidate for the Senate
of the

21:33.000 --> 21:36.000
Nae Party and EE in Belgium.

21:36.000 --> 21:39.000
Ah, has campaign posters of her
naked.

21:39.000 --> 21:42.000
It's like under political party
right there, boy.

21:42.000 --> 21:43.000
Adelia.

21:43.000 --> 21:44.000
What is that?

21:44.000 --> 21:45.000
What's their platform?

21:45.000 --> 21:47.000
It's a nice platform.

21:48.000 --> 21:51.000
The official campaign involves
billboards,

21:51.000 --> 21:55.000
featuring her in all her naked
glory with a very seductive
look.

21:55.000 --> 21:56.000
And the text,

21:56.000 --> 21:59.000
I promise you 400,000 jobs above
her.

21:59.000 --> 22:01.000
Wow.

22:01.000 --> 22:03.000
Yeah, I bet you do, baby.

22:03.000 --> 22:04.000
Okay.

22:04.000 --> 22:07.000
It's a time for our savant from
our series of the circle of
savants.

22:07.000 --> 22:10.000
Is I in the sultan of said
savants?

22:10.000 --> 22:12.000
Savants?

22:12.000 --> 22:15.000
Right after I give you some
important information,

22:15.000 --> 22:17.000
because I'm working hard here.

22:17.000 --> 22:19.000
I can't have you guys crap out.

22:19.000 --> 22:21.000
I need you to call in, send in
stuff,

22:21.000 --> 22:23.000
and let me just give it the
phone number.

22:23.000 --> 22:39.000
On the phone with us now,

22:39.000 --> 22:41.000
a true savant who I've known
for,

22:41.000 --> 22:43.000
I think, just about a year now.

22:44.000 --> 22:46.000
And he's a savant in many ways,

22:46.000 --> 22:48.000
because not only is he,

22:48.000 --> 22:50.000
I believe, a yoga instructor.

22:50.000 --> 22:52.000
He is a DJ.

22:52.000 --> 22:54.000
I'm talking like in the club
like,

22:54.000 --> 22:56.000
you know, wheels a steel type
DJ.

22:56.000 --> 22:58.000
And he is also,

22:58.000 --> 22:59.000
but the hell are you, Mark?

22:59.000 --> 23:01.000
Are you our finance director at
Podshow?

23:01.000 --> 23:04.000
I'm the VP of finance at
Podshow.

23:04.000 --> 23:06.000
How come, though, you didn't get
a CFO title, man?

23:06.000 --> 23:07.000
Did you get jipped?

23:07.000 --> 23:09.000
No, I don't actually.

23:09.000 --> 23:12.000
VP is probably more
purpose-wamen than CFO does too
much work.

23:12.000 --> 23:14.000
That's actually too little work.

23:14.000 --> 23:16.000
At this level, CFO just sits
around

23:16.000 --> 23:17.000
and tells everyone else what to
do,

23:17.000 --> 23:19.000
but at a startup company,

23:19.000 --> 23:21.000
you actually need someone who
actually does work.

23:21.000 --> 23:25.000
Mark Cierra is our VP of,

23:25.000 --> 23:27.000
of finance, apparently.

23:27.000 --> 23:30.000
He does basically take care of
all financial matters.

23:30.000 --> 23:31.000
And I got to tell you,

23:31.000 --> 23:33.000
I've worked with a lot of
financial people in my life.

23:33.000 --> 23:36.000
And you would rarely wind up in
a club with them,

23:36.000 --> 23:37.000
just hanging out,

23:37.000 --> 23:39.000
let alone having that person be
in the club,

23:39.000 --> 23:41.000
spinning the records.

23:41.000 --> 23:42.000
Which, I just thought-

23:42.000 --> 23:43.000
What are you doing yoga?

23:43.000 --> 23:46.000
Now you are a yoga instructor,
correct?

23:46.000 --> 23:48.000
Yes, I've been teaching since
1996.

23:48.000 --> 23:49.000
Oh my goodness.

23:49.000 --> 23:51.000
Mark, now we got you,

23:51.000 --> 23:54.000
we adopted you after you will
recommend.

23:54.000 --> 23:56.000
I think it came through our
investors.

23:56.000 --> 23:57.000
And they said, this is the hired
gun.

23:57.000 --> 23:58.000
This is the guy you want.

23:58.000 --> 24:00.000
He's going to set your shit up
straight.

24:00.000 --> 24:03.000
You've been in the valley for a
while doing this type of stuff?

24:03.000 --> 24:06.000
Yeah, actually grew up in the
Bay Area.

24:06.000 --> 24:09.000
I've been working with high tech
companies since

24:09.000 --> 24:12.000
it's kind of embarrassing to
admit since 1985, actually.

24:12.000 --> 24:13.000
Yeah.

24:13.000 --> 24:14.000
Took the startups.

24:14.000 --> 24:17.000
And because I was at Apple for
seven years,

24:17.000 --> 24:19.000
and been working doing
self-employed for ten years,

24:19.000 --> 24:23.000
and I've been in Pot Show since
August of 2005.

24:23.000 --> 24:28.000
So, what made you actually want
to hang around Pot Show?

24:28.000 --> 24:30.000
Because you could have left.

24:30.000 --> 24:32.000
You could have gotten out while
the gun was good.

24:32.000 --> 24:35.000
Well, I, as you may,

24:35.000 --> 24:38.000
I came over from referral from
quite a perkins.

24:38.000 --> 24:41.000
I've been working with a couple
of smaller companies.

24:41.000 --> 24:42.000
Prior to my project.

24:42.000 --> 24:45.000
Oh, and I was with self-employed
for ten years.

24:45.000 --> 24:47.000
Up to that point, and just,
just, you know,

24:47.000 --> 24:49.000
talking to, you know, to run,
and then, you know,

24:49.000 --> 24:52.000
hear about the story, and the
team of investors,

24:52.000 --> 24:56.000
and kind of what Pot Show was
doing at the time,

24:56.000 --> 24:58.000
and the future, I remember this,

24:58.000 --> 25:01.000
over a year and a half ago, just
sounded really intriguing to me,

25:01.000 --> 25:04.000
and, like, the team definitely
liked the space at the end,

25:04.000 --> 25:06.000
and, like, entertainment and
media,

25:06.000 --> 25:09.000
and thought it would be crazy
enough for me to join.

25:09.000 --> 25:12.000
Well, we are very happy that
you, that you did join,

25:12.000 --> 25:14.000
and we're glad that you're still
hanging in there.

25:14.000 --> 25:16.000
I know you're going to leave us
one day eventually.

25:16.000 --> 25:18.000
But, fuck, I'm going to go back
to,

25:18.000 --> 25:19.000
what are you doing?

25:19.000 --> 25:20.000
Playing hoops later on today?

25:20.000 --> 25:21.000
That's right.

25:21.000 --> 25:22.000
Hoops.

25:22.000 --> 25:23.000
Correct.

25:23.000 --> 25:25.000
So, what's really, you know,

25:25.000 --> 25:29.000
why Mark is, is in the circle of
the sabons,

25:29.000 --> 25:32.000
is, you know, I really enjoy
talking to him at the office

25:32.000 --> 25:34.000
about all kinds of stuff, and,
you know,

25:34.000 --> 25:37.000
the topics are very quite a bit,

25:37.000 --> 25:40.000
but when it comes to finance,
Mark really knows his shit,

25:40.000 --> 25:42.000
and he has the added advantage
of having worked at Apple.

25:42.000 --> 25:44.000
So, there's this big new story,

25:44.000 --> 25:48.000
and all I read in the press and
online,

25:48.000 --> 25:51.000
everything I see on television
is, you know,

25:51.000 --> 25:54.000
evil options back dating, you
know,

25:54.000 --> 25:58.000
kind of this meme of bad
corporate governance,

25:58.000 --> 26:00.000
you know, and interestingly
enough,

26:00.000 --> 26:02.000
on the same day that Apple
announces,

26:02.000 --> 26:06.000
it doubled their profits to $770
million for the past quarter.

26:06.000 --> 26:09.000
And the one thing that I don't
read anymore

26:09.000 --> 26:12.000
is what an option is.

26:12.000 --> 26:13.000
You know, everyone's talking
about this.

26:13.000 --> 26:15.000
I mean, you can turn on the
local,

26:15.000 --> 26:17.000
the local, the local, the K,
whatever news,

26:17.000 --> 26:19.000
and, oh, options.

26:19.000 --> 26:21.000
And you have just anyone
understand what an option is?

26:21.000 --> 26:23.000
I mean, Mark, could you give us
a synopsis,

26:23.000 --> 26:25.000
just so the Charlie listeners
who were out there,

26:25.000 --> 26:27.000
who would like to maybe get a
refresher course,

26:27.000 --> 26:30.000
just know what this is about and
this option thing?

26:31.000 --> 26:33.000
Yeah, I see if I can break it
down here.

26:33.000 --> 26:35.000
So, basically an option is the
right to buy

26:35.000 --> 26:40.000
some shares at a certain
pre-determined price.

26:40.000 --> 26:44.000
And the idea of being that you
lock in the purchase price

26:44.000 --> 26:46.000
of that at a later date or the
same date,

26:46.000 --> 26:48.000
which you can have definitely
happened,

26:48.000 --> 26:51.000
you can, you will make money on
what's called the spread.

26:51.000 --> 26:53.000
So, if you were to be able to
purchase the shares,

26:53.000 --> 26:55.000
it's a 10-dollar share,

26:55.000 --> 26:58.000
and either that day or months
later or years later,

26:58.000 --> 27:02.000
it's at the current stock price
of how the option is trading,

27:02.000 --> 27:04.000
it's at 30 or 40 or 50 dollars,

27:04.000 --> 27:08.000
then you'd make the difference
as profit.

27:08.000 --> 27:10.000
So, I think there's many shares
as you own.

27:10.000 --> 27:12.000
In the dot com days,

27:12.000 --> 27:14.000
which actually the story is
from, I think,

27:14.000 --> 27:17.000
2000, 2001, options were used as
an incentive

27:17.000 --> 27:20.000
because you pretty much knew any
company that started off,

27:20.000 --> 27:24.000
that was public, that went
public even better.

27:24.000 --> 27:26.000
The share price would go up,

27:26.000 --> 27:29.000
and if you could lock yourself
in, as you said,

27:29.000 --> 27:32.000
then you would stand to make a
nice amount of money.

27:32.000 --> 27:35.000
In fact, that's where a lot of
the dot com millionaires came
from.

27:35.000 --> 27:37.000
Was this always used as an
incentive,

27:37.000 --> 27:39.000
or did options actually stem
from something else

27:39.000 --> 27:43.000
in the past before the dot com
hype of the turn of the century?

27:43.000 --> 27:44.000
Absolutely.

27:44.000 --> 27:46.000
So, options, I mean, when I
worked at Apple,

27:46.000 --> 27:50.000
this was pre, it was pre, you
know, dot com maybe.

27:50.000 --> 27:53.000
This was pre wood when you
worked at Apple, man.

27:53.000 --> 27:54.000
Yeah.

27:54.000 --> 27:56.000
It was Apple's 89 to 96, because
it definitely was options,

27:56.000 --> 27:58.000
but it was nowhere near the
menu,

27:58.000 --> 28:01.000
because Apple was posted,

28:01.000 --> 28:03.000
so there was no, you weren't
going to be getting options at,

28:03.000 --> 28:05.000
like, five cents a share and
being able to sell them,

28:05.000 --> 28:07.000
and like, like, $200 a share
later on.

28:07.000 --> 28:09.000
But, clearly, you know,

28:09.000 --> 28:11.000
even as a public treated
company,

28:11.000 --> 28:12.000
there's still lots of
fluctuation,

28:12.000 --> 28:15.000
and still way for executives to
make, you know,

28:15.000 --> 28:17.000
to paying him any shares, your
options, you got,

28:17.000 --> 28:20.000
you mean, hundreds of thousands,
or potentially millions of
dollars,

28:21.000 --> 28:23.000
things went the right way, which
they did for a lot of people.

28:23.000 --> 28:27.000
But it was always an
incentive-based instrument,
clearly.

28:27.000 --> 28:29.000
Absolutely. Yes, I was
incentive.

28:29.000 --> 28:33.000
Okay. So, what, what actually
happened here,

28:33.000 --> 28:35.000
and what, what is the story
about?

28:35.000 --> 28:36.000
Because you, you, there's one
thing,

28:36.000 --> 28:38.000
and so I understand that you can
say,

28:38.000 --> 28:40.000
all right, we're going to, I
guess,

28:40.000 --> 28:43.000
grant you set amount of options
at a strike pie,

28:43.000 --> 28:45.000
so if, if we did that today, I
would say,

28:45.000 --> 28:47.000
okay, you're going to get some
options at today's strike price.

28:47.000 --> 28:49.000
We're not a publicly traded
company,

28:49.000 --> 28:51.000
I'm kind of, some number that's
on that,

28:51.000 --> 28:55.000
and then you have the right to
actually buy those,

28:55.000 --> 28:57.000
and get the spread later on.

28:57.000 --> 29:02.000
Take me back to those days of,
of the dot com hype,

29:02.000 --> 29:05.000
and, you know, when options were
basically the currency that,

29:05.000 --> 29:07.000
companies were using to bring
in, quote,

29:07.000 --> 29:10.000
smart people, or, that's another
word for high price people,

29:10.000 --> 29:13.000
that really didn't cost all that
much in it.

29:13.000 --> 29:15.000
Oh, definitely. Yeah, definitely
not.

29:15.000 --> 29:17.000
So, so back in, back in,

29:17.000 --> 29:20.000
this time in terms of the, the
startup company is basically the
option

29:20.000 --> 29:22.000
to be priced, basically any, you
know,

29:22.000 --> 29:25.000
10, basically 10 percent of
whatever the,

29:25.000 --> 29:28.000
the A or B or whatever they most
current round

29:28.000 --> 29:30.000
does it basically price the up
to 10 percent,

29:30.000 --> 29:32.000
you know, basically this 10
percent of that,

29:32.000 --> 29:35.000
and obviously there was a lot of
money to,

29:35.000 --> 29:38.000
made later on when company would
get acquired

29:38.000 --> 29:40.000
or go public at a much higher
price,

29:40.000 --> 29:42.000
and whatever the A or B round
was,

29:42.000 --> 29:44.000
you know, so right away, I mean,

29:45.000 --> 29:47.000
even if it didn't even use the
soldier's shares at the,

29:47.000 --> 29:48.000
at the round price,

29:48.000 --> 29:51.000
you didn't make 90 percent
profit just on that formula.

29:51.000 --> 29:54.000
So what happened here? What, so
there's the X CFO,

29:54.000 --> 29:56.000
I guess Fred Anderson,

29:56.000 --> 29:58.000
it was investigated by the SEC,

29:58.000 --> 30:00.000
and he says, well,

30:00.000 --> 30:02.000
these options were back dated.

30:02.000 --> 30:04.000
Just explain the back dating to
me for a second.

30:04.000 --> 30:05.000
Yeah, so basically on back
dating,

30:05.000 --> 30:07.000
is what you're doing here in
this scenario,

30:07.000 --> 30:08.000
is you're saying,

30:08.000 --> 30:11.000
we're going to set the price at
a date,

30:12.000 --> 30:14.000
a date further back from when
the work,

30:14.000 --> 30:16.000
you know, when it should have
been based,

30:16.000 --> 30:19.000
and the idea being that the
price was a lower on,

30:19.000 --> 30:21.000
on an earlier date,

30:21.000 --> 30:24.000
and therefore there was more
money to be made on the spread.

30:24.000 --> 30:27.000
So it's basically what it refers
to,

30:27.000 --> 30:31.000
is taking the option price date
further back,

30:31.000 --> 30:33.000
and then it should have been.

30:33.000 --> 30:34.000
So without,

30:34.000 --> 30:37.000
without incriminating myself,

30:38.000 --> 30:40.000
I'm pretty sure that,

30:40.000 --> 30:42.000
because Ron and I ran a public
company

30:42.000 --> 30:43.000
back in the day,

30:43.000 --> 30:45.000
squeaky clean, I might add,

30:45.000 --> 30:50.000
but I certainly can remember
conversations

30:50.000 --> 30:52.000
where we would say, oh, look,

30:52.000 --> 30:55.000
now our stock price really
didn't do much for two and a
half years,

30:55.000 --> 30:57.000
so it was all kind of a mood
point anyway.

30:57.000 --> 30:58.000
In fact, our stock price,

30:58.000 --> 31:00.000
we came out of went from $7.00
in a quarter

31:00.000 --> 31:01.000
down to three.

31:01.000 --> 31:04.000
I was very, very successful IPO,

31:04.000 --> 31:06.000
but we did turn the company
around

31:06.000 --> 31:08.000
and I think when we sold it,

31:08.000 --> 31:10.000
the stock price was in the 50s.

31:10.000 --> 31:12.000
But the idea of, you know,

31:12.000 --> 31:13.000
well, you know, we talked today,

31:13.000 --> 31:14.000
but you know what,

31:14.000 --> 31:16.000
we'll back date these options to
the beginning of the month,

31:16.000 --> 31:17.000
or something like that,

31:17.000 --> 31:18.000
which may have,

31:18.000 --> 31:20.000
I don't know if we actually
looking at the stock price chart

31:20.000 --> 31:21.000
at the time,

31:21.000 --> 31:22.000
maybe I doubt it,

31:22.000 --> 31:26.000
it was all kind of underwater
for everybody anyway.

31:26.000 --> 31:29.000
But it seemed like it was a
pretty common practice,

31:29.000 --> 31:31.000
where there are no rules against
it.

31:31.000 --> 31:32.000
Well,

31:32.000 --> 31:35.000
I just wasn't as closely
followed by,

31:36.000 --> 31:38.000
you know, the, the SEC, I think,

31:38.000 --> 31:39.000
and I think,

31:39.000 --> 31:40.000
you know, I was,

31:40.000 --> 31:41.000
since kind of the,

31:41.000 --> 31:42.000
the surveillance,

31:42.000 --> 31:43.000
obsolete kind of stuff.

31:43.000 --> 31:44.000
It came result of, you know,

31:44.000 --> 31:45.000
all the corporate scandals of
the,

31:45.000 --> 31:46.000
like say,

31:46.000 --> 31:47.000
Andrew, I'm for example.

31:47.000 --> 31:50.000
Yeah, so all the stuff is being
much more close to monitor.

31:50.000 --> 31:51.000
I mean,

31:51.000 --> 31:52.000
suppose there was monitoring,

31:52.000 --> 31:53.000
and it was relatively loose,

31:53.000 --> 31:55.000
and they really try to clamp
down

31:55.000 --> 31:57.000
on some of these kind of
practices,

31:57.000 --> 31:59.000
where they just basically are,

31:59.000 --> 32:00.000
you know,

32:00.000 --> 32:01.000
giving much more,

32:01.000 --> 32:02.000
you know,

32:02.000 --> 32:03.000
income to these executives,

32:03.000 --> 32:04.000
not doing any more work.

32:04.000 --> 32:05.000
But, but Mark,

32:05.000 --> 32:06.000
it's not just executives.

32:06.000 --> 32:07.000
It's also,

32:07.000 --> 32:08.000
it's employees, right?

32:08.000 --> 32:09.000
Absolutely, but it won't work.

32:09.000 --> 32:10.000
It's everybody,

32:10.000 --> 32:11.000
but the thing that gets the
attention,

32:11.000 --> 32:12.000
of course,

32:12.000 --> 32:13.000
is the executives.

32:13.000 --> 32:14.000
I mean,

32:14.000 --> 32:15.000
that's the one that really pops
out.

32:15.000 --> 32:16.000
Yeah,

32:16.000 --> 32:17.000
agreed.

32:17.000 --> 32:18.000
It is everybody,

32:18.000 --> 32:19.000
but the one who makes out the
most,

32:19.000 --> 32:20.000
the guys,

32:20.000 --> 32:22.000
the one that gets the publicity
is,

32:22.000 --> 32:23.000
is it going to have,

32:23.000 --> 32:24.000
like,

32:24.000 --> 32:25.000
when we're working here,

32:25.000 --> 32:26.000
and we're more money at stake.

32:26.000 --> 32:27.000
Okay,

32:27.000 --> 32:28.000
so that's not,

32:28.000 --> 32:29.000
now you mentioned Enron,

32:29.000 --> 32:31.000
was stock option back dating,

32:31.000 --> 32:33.000
did that contribute to the Enron
collapse,

32:33.000 --> 32:34.000
or,

32:34.000 --> 32:35.000
to me,

32:35.000 --> 32:37.000
this really has no other effect,

32:37.000 --> 32:40.000
than that shareholders may get
pissed off,

32:40.000 --> 32:41.000
because,

32:41.000 --> 32:42.000
well,

32:42.000 --> 32:43.000
they're greedy,

32:43.000 --> 32:44.000
it just has greedy,

32:44.000 --> 32:45.000
everybody else, I guess.

32:45.000 --> 32:46.000
Right,

32:46.000 --> 32:48.000
because Enron was not about back
dating,

32:48.000 --> 32:49.000
back dating,

32:49.000 --> 32:50.000
it was,

32:50.000 --> 32:52.000
the one that seems to be getting
the most attention,

32:52.000 --> 32:53.000
as you mentioned,

32:53.000 --> 32:54.000
it was really this,

32:54.000 --> 32:55.000
this current case with,

32:55.000 --> 32:57.000
with Steve Jobs and Apple.

32:57.000 --> 32:58.000
You worked for Fred Anderson,

32:58.000 --> 32:59.000
the CFO,

32:59.000 --> 33:00.000
who was accusing,

33:00.000 --> 33:01.000
or I don't know if it's,

33:01.000 --> 33:02.000
it really is an accusation,

33:02.000 --> 33:03.000
but what he basically,

33:03.000 --> 33:05.000
an unfair phrasing said is,

33:05.000 --> 33:06.000
look,

33:06.000 --> 33:08.000
Steve Jobs knew about the back
dating,

33:08.000 --> 33:09.000
it happened,

33:09.000 --> 33:10.000
it wasn't,

33:10.000 --> 33:12.000
Steve Jobs didn't make any money
off of it himself,

33:12.000 --> 33:13.000
which I believe,

33:13.000 --> 33:14.000
I'm sure he did it for however,

33:14.000 --> 33:15.000
the new hires were,

33:15.000 --> 33:16.000
or whatever,

33:16.000 --> 33:17.000
you know,

33:17.000 --> 33:18.000
they needed an option pool,

33:18.000 --> 33:19.000
they needed to make it
attractive,

33:19.000 --> 33:20.000
it could have been any number
of,

33:20.000 --> 33:22.000
a factors like that.

33:22.000 --> 33:23.000
What are the implications,

33:23.000 --> 33:25.000
what does it say about Fred
Anderson,

33:25.000 --> 33:26.000
first of all,

33:26.000 --> 33:27.000
maybe you can go to some
background on him,

33:27.000 --> 33:28.000
and,

33:28.000 --> 33:30.000
and what does this mean do you
think for jobs?

33:31.000 --> 33:32.000
Well, I,

33:32.000 --> 33:34.000
I want to be real clear about,

33:34.000 --> 33:35.000
I,

33:35.000 --> 33:37.000
I've worked for Fred for about
his very first,

33:37.000 --> 33:38.000
couple months there at Apple,

33:38.000 --> 33:39.000
because I,

33:39.000 --> 33:40.000
I was there,

33:40.000 --> 33:41.000
I left in 1966,

33:41.000 --> 33:42.000
and he was coming on,

33:42.000 --> 33:43.000
in fact,

33:43.000 --> 33:44.000
I was actually one of the first
people

33:44.000 --> 33:45.000
they ever met at Apple,

33:45.000 --> 33:47.000
because of the time we were
raising

33:47.000 --> 33:48.000
a convertible debt,

33:48.000 --> 33:50.000
funding of $650 million,

33:50.000 --> 33:51.000
and that came in,

33:51.000 --> 33:53.000
he came in with the CFO,

33:53.000 --> 33:54.000
around the same time,

33:54.000 --> 33:55.000
the new CFO at the time.

33:55.000 --> 33:56.000
Who was that,

33:56.000 --> 33:57.000
Emilio?

33:57.000 --> 33:58.000
That was Gilimilio,

33:58.000 --> 33:59.000
and,

33:59.000 --> 34:01.000
and the contingency of the,

34:01.000 --> 34:02.000
the investment community,

34:02.000 --> 34:04.000
issuing the $650 million

34:04.000 --> 34:06.000
that was the new management
team,

34:06.000 --> 34:07.000
being Gilimilio,

34:07.000 --> 34:08.000
and Fred Anderson.

34:08.000 --> 34:09.000
So let's just say,

34:09.000 --> 34:11.000
by the way,

34:11.000 --> 34:13.000
this all happened just around,

34:13.000 --> 34:14.000
that,

34:14.000 --> 34:15.000
you know,

34:15.000 --> 34:16.000
so Steve Jobs came back and
saved the company,

34:16.000 --> 34:17.000
it sounds like they were pretty

34:17.000 --> 34:18.000
dire straits in 1996.

34:18.000 --> 34:19.000
Very dire straits.

34:19.000 --> 34:20.000
It's basically,

34:20.000 --> 34:21.000
uh,

34:21.000 --> 34:23.000
Gilimilio has been very well
documented

34:23.000 --> 34:24.000
in some of the,

34:24.000 --> 34:25.000
you know,

34:25.000 --> 34:26.000
local high tech articles,

34:26.000 --> 34:27.000
uh,

34:27.000 --> 34:28.000
70% down in the S&D.

34:28.000 --> 34:29.000
Jobs came in.

34:29.000 --> 34:30.000
I'm going to say,

34:30.000 --> 34:32.000
97-98-time chairman

34:32.000 --> 34:33.000
as you mentioned,

34:33.000 --> 34:35.000
just totally turn it around,

34:35.000 --> 34:36.000
the stock price more.

34:36.000 --> 34:37.000
I mean,

34:37.000 --> 34:38.000
more else,

34:38.000 --> 34:39.000
afternoon.

34:39.000 --> 34:40.000
I mean,

34:40.000 --> 34:42.000
just like pretty much every
level.

34:42.000 --> 34:43.000
And obviously,

34:43.000 --> 34:45.000
as a huge impact,

34:45.000 --> 34:45.240
financially,

34:45.240 --> 34:47.000
market capitalization,

34:47.000 --> 34:48.000
employees,

34:48.000 --> 34:50.000
and obviously the iPod came
later on,

34:50.000 --> 34:51.000
and that's been its own kind of,

34:51.000 --> 34:52.000
massive hit and its own right.

34:52.000 --> 34:53.000
But,

34:53.000 --> 34:54.000
.

34:54.000 --> 34:55.000
So what,

34:55.000 --> 34:56.000
what was right?

34:56.000 --> 34:59.440
department and on sent a road
really nice guy just just

34:59.440 --> 35:02.400
been a brief pretty pretty
pretty humble duty came over
from i believe a

35:02.400 --> 35:04.000
adp at the time

35:04.000 --> 35:07.200
uh... just yeah we just we just
sat in his living room and

35:07.200 --> 35:10.080
kind of went through some of the
stuff you know this is a four
cast

35:10.080 --> 35:13.360
just in the guys living room
talking about half a billion
dollars you know

35:13.360 --> 35:17.280
yeah yeah yeah yeah yeah yeah
yeah you're in the lotus
position right

35:17.280 --> 35:20.240
spin in some uh... DJ chiesto
tunes

35:20.240 --> 35:24.160
exactly exactly yeah well at
that time yeah i was just
starting to do you get that time

35:24.160 --> 35:28.160
actually so uh... yeah so just
look really really nice guy and
had a lot of

35:28.160 --> 35:32.160
credibility coming into company
and seem to can't keep his uh...
and knows about the

35:32.160 --> 35:34.960
fray and during during his whole
time they're actually pretty
pretty

35:34.960 --> 35:38.640
solid reputation through the
industry and i believe he's now
with uh... the

35:38.640 --> 35:40.240
elevation partners

35:40.240 --> 35:43.760
the cc from jk believe it's well
that's uh... you choose uh...
you too with

35:43.760 --> 35:49.280
bono exactly so uh... you know
mark you know me well enough by
now we found out

35:49.280 --> 35:53.600
a bit and whenever a uh... multi
billionaires and dire straits i
love to come to

35:53.600 --> 35:57.040
his rescue into his defense
uh...

35:57.040 --> 36:01.680
it did steve jobs do something
really illegal in your opinion

36:01.680 --> 36:05.360
well that's a talk about not
being that close to the nation
and it's hard to

36:05.360 --> 36:09.120
say i mean

36:09.120 --> 36:14.320
so i i guess the question is how
much did you know when did you
know it and uh...

36:14.320 --> 36:18.880
or you know how to stuff that we
can go straight to that because
essentially

36:18.880 --> 36:22.800
what front Anderson said if i
understand correctly is steve
jobs new about it

36:22.800 --> 36:26.720
and you proved the uh... the
back dating of the uh... this is
like it seems to me

36:26.720 --> 36:28.400
like Anderson did a big

36:28.400 --> 36:32.640
either a cover your ass or
perhaps a saviour ass deal with
the cc by implicating steve

36:32.640 --> 36:36.320
jobs that's what i'm getting
from the media is that really
what this is

36:36.320 --> 36:40.400
if that's the case and yet if
this uh... is this what is what
is what is

36:40.400 --> 36:44.320
fray is saying is true then
uh... and clearly uh... steve
something he's

36:44.320 --> 36:45.920
going to be a little bit of
trouble

36:45.920 --> 36:47.920
and it may be even a lot of
trouble

36:47.920 --> 36:49.920
doesn't know that so

36:50.560 --> 36:52.880
quantify that what kind of
trouble

36:52.880 --> 36:56.320
uh... basically knowledge uh...
what kind of like maybe i kind
of

36:56.320 --> 37:01.600
market steward trouble right
where he'd got a new something
was going on and uh...

37:01.600 --> 37:07.440
was was was complicit with uh...
unknown uh... price that wasn't
uh... that's

37:07.440 --> 37:11.440
it shouldn't have been and when
it had was it anyway we have
maybe i don't

37:11.440 --> 37:13.040
maybe some sort of you know

37:13.040 --> 37:16.320
kind of equivalent of the
collection inside of information
thing where he might be

37:16.320 --> 37:21.520
like like trouble like might be
a pretty big sign for example

37:21.520 --> 37:26.320
maybe so well that's interesting
i'm glad you brought up martha
steward because boy what

37:26.320 --> 37:29.280
of what uh...

37:29.280 --> 37:34.240
how that would be very
interesting if uh... if what
jobs is implicated of

37:34.240 --> 37:37.760
you know got him in a lot of
trouble but he didn't have to go
to jail he could

37:37.760 --> 37:40.640
buy it off whereas martha
steward could have certainly
paid

37:40.640 --> 37:44.960
paid off any fine equal to the
crime and she actually you know
went to the big house

37:44.960 --> 37:47.680
she actually because but on a
pop culture no initially enough
actually

37:47.680 --> 37:50.800
part of the great thing ever
happened i mean that much
credibility now she has

37:50.800 --> 37:52.400
uh... with her minions

37:52.400 --> 37:55.600
i mean she's got a whole new
audience people because she
found she's got like

37:55.600 --> 37:59.440
street cred or something she was
not just doing doylies

37:59.440 --> 38:03.280
she was doing doylies and she
was doing doylies on the slamer
baby yeah

38:03.280 --> 38:06.560
yeah and a way that you know for
more than you know

38:06.560 --> 38:10.480
came to the side bigger and more
i mean it's an interesting
enough right because he would

38:11.120 --> 38:14.800
i could have been worse than
ever but uh... as a pop culture
thing it's

38:14.800 --> 38:17.920
i think it's made her more
intimate more famous and i don't
know

38:17.920 --> 38:20.640
but i don't know i i personally
kind of think it's cool for

38:20.640 --> 38:24.720
it's a weird way she's not a
very happy person so

38:24.720 --> 38:28.160
she's not a happy no she's not
this is just a general she's got
a few

38:28.160 --> 38:31.840
husband along the way we had we
had an office in the same
building in New York

38:31.840 --> 38:35.360
years ago not a happy person but
she can turn it on when i want
to keep you

38:35.360 --> 38:39.440
life so she can't oh yeah she's
a professional so

38:40.080 --> 38:43.840
i can't finish it so it jobs
could be in the in real trouble
but this is where it

38:43.840 --> 38:47.920
gets interesting because uh...
shareholders

38:47.920 --> 38:51.520
who are the ones that are that
the only ones i think in this
whole game who can be

38:51.520 --> 38:54.480
really pissed off it's not like
this affected

38:54.480 --> 38:57.920
the quality of the products in
fact it probably made the
products better because

38:57.920 --> 39:01.360
people were incentivize and they
were working their ass off to
get the stock price up

39:01.360 --> 39:05.920
and make the company perform
better et cetera um i'm sure
that uh... although

39:05.920 --> 39:09.680
i don't have any documentation
back at up i'm sure that this
didn't only go to

39:09.680 --> 39:12.480
executives but it probably there
was an option pool

39:12.480 --> 39:16.160
and it must have gone to other
people as well who also of
course you

39:16.160 --> 39:21.600
lead lead the company um if they
were to remove Steve jobs

39:21.600 --> 39:26.480
or hurt him in some way that he
couldn't perform his CEO duties
for apple

39:26.480 --> 39:29.840
that could actually have the
adverse effect and it could
really fuck up the company

39:29.840 --> 39:32.320
because you know here's a
company that just doubled their

39:32.320 --> 39:36.240
they're profit in a quarter and
this ipod as you mentioned is is
you know the whole

39:36.240 --> 39:39.040
just they're on fire right now
so is this

39:39.040 --> 39:42.880
you know is it a good thing for
having worked there for seven
years

39:42.880 --> 39:46.640
yeah having worked there for
seven years i mean i was there
very uh... michael spinner

39:46.640 --> 39:50.640
millio john scoli all these big
name none of them could run that
place none of them

39:50.640 --> 39:54.400
i think during the ten year of
all the three folks they
destroyed more shareholder value

39:54.400 --> 39:58.240
then uh... and the jobs with the
with the fucking options right

39:58.240 --> 40:01.440
incredible yeah so yeah so he's
making out like a black abandon
but at the same time

40:01.440 --> 40:05.760
so is everything first is
invested in out of the years
during the time when he was the

40:05.760 --> 40:10.160
CEO before he left back in the
uh... the real eighties or since
he's been there since

40:10.160 --> 40:12.640
the late nineties very
interestingly enough

40:12.640 --> 40:16.480
so what do you think what's
going to happen what's going to
boil down to

40:16.480 --> 40:19.440
i think he's just going to get a
new i think he's just going to
borrow part of the

40:19.440 --> 40:24.000
body in his way he's going to
display patience small uh...
some small being relative

40:24.000 --> 40:27.760
because the guy is by a
multi-multi doing her but he'll
pay a fine and get his way out
of it

40:27.760 --> 40:32.480
that's kind of my personal
opinion so he should do a
meacolpa and he should say okay
look uh...

40:32.480 --> 40:37.680
different times fucked up uh...
and then well uh... here's fifty
million dollars i and i think

40:37.680 --> 40:41.520
it would be between fifty and
two hundred and fifty million
probably somewhere in there

40:41.520 --> 40:45.040
and it's enough it's by not a
big of a deal for him

40:45.040 --> 40:48.000
it's not a scene

40:48.000 --> 40:50.000
it's just wrong uh... it's just
gave me the willy

40:50.000 --> 40:54.000
right that you're on and part of
it's part of it makes America
great

40:54.000 --> 40:58.320
so so the question is if uh...
if you were to find yourself in
uh... in uh... in uh...

40:58.320 --> 41:02.240
anderson's position and uh...
and run and i said look it's
okay just back

41:02.240 --> 41:05.360
date these things what would you
do

41:05.360 --> 41:07.040
with you guys yeah

41:07.040 --> 41:09.360
oh man

41:09.360 --> 41:11.680
i would uh...

41:11.680 --> 41:12.720
oh man

41:12.720 --> 41:14.560
i'd be hard to do man

41:14.560 --> 41:17.200
it'd be hard to do okay you
fired fuck you

41:17.280 --> 41:19.200
by it i know it's the

41:19.680 --> 41:23.200
and the open shit you know uh...
all right marvellous night i
appreciate you

41:23.200 --> 41:25.840
let's see unless you're not here
to really good deal inside or
something you know

41:25.840 --> 41:29.280
yeah i'd see all these guys man

41:29.280 --> 41:32.960
always ready always in for a
little game on the side i love
it

41:32.960 --> 41:36.640
will mark uh... you care my
people i take your people yeah

41:36.640 --> 41:39.840
look we're really happy to have
you uh... on board man and you
keep our shit together we

41:39.840 --> 41:41.360
still have money left

41:41.360 --> 41:45.600
we still got a bit of money left
we're not okay cool so well
we're working hard to fill up
the

41:45.680 --> 41:48.640
coffer and you know you've got a
great team you've got to

41:48.640 --> 41:52.800
john the hammer who uh... and
uh... sendy lindi hopper

41:52.800 --> 41:57.040
who by the way i've noticed the
neither of them listen to this
show so you might want to

41:57.040 --> 41:59.040
you know have a little chat with
them about that

41:59.040 --> 42:02.640
it's a quanny any raise yeah yes

42:02.640 --> 42:05.600
if they want their options back
dated they should be listening
to the show damage

42:05.600 --> 42:09.040
actually particularly this
particular this episode

42:09.040 --> 42:14.720
all right mark thanks a lot man
uh... appreciated and uh... i'll
see you at the board meeting
tomorrow

42:14.800 --> 42:15.620
you gotta go

42:15.620 --> 42:16.560
have a good night

42:16.560 --> 42:17.520
you too buddy

42:17.620 --> 42:18.800
day

42:18.800 --> 45:57.480
[ Music ]

45:57.480 --> 46:00.480
And help it, it's such a happy
song Makes me feel good

46:02.480 --> 46:04.480
Fire aims, let me know

46:05.480 --> 46:08.480
We'll have to save music, not
work

46:09.480 --> 46:12.480
Of course, the link to that fine
musical band

46:12.480 --> 46:15.480
In the show, no, it's a daily
source code dot com

46:16.480 --> 46:21.480
Just one quick thing before we
end the show going back to Tokyo
Band and Dan who was basically

46:22.480 --> 46:26.480
Telling us how much we suck and
that there may be stuff going on
behind the scenes

46:27.480 --> 46:30.480
But it's not apparent to artists
according to Tokyo Dan

46:43.480 --> 46:45.480
Yeah, sure do need you help

46:46.480 --> 46:51.480
Well, you know, we haven't been
sitting still entirely that
Tokyo Dan if you

46:52.480 --> 46:57.480
Tenant over to curry dot com,
you can see in one of the blog
posts

46:58.480 --> 47:03.480
All the ideas and the war room
and all the stuff that's been
going on

47:03.480 --> 47:08.480
We've been working on helping
ourselves suck less and we've
got some special stuff coming up

47:08.480 --> 47:11.480
In the next couple of weeks that
you can really help us out

47:12.480 --> 47:15.480
With the mission of sucking less

47:31.480 --> 47:33.480
That's it, I got to get out of
here. I'll talk to you guys
tomorrow

47:33.480 --> 47:38.480
It'll be full bar Friday. I'm
thinking no savant, but let's
just rock it out with some music

47:39.480 --> 47:40.480
Just a full show of music

47:41.480 --> 47:44.480
So I need your suggestions and
let's really let's make it flow

47:45.480 --> 47:49.480
Let's have a great show that
you're going to save on your
iPod or whatever the hell you
use

47:50.480 --> 47:53.480
And you're going to just just to
feel happy you're going to pull
that episode up again

47:54.480 --> 47:56.480
So more music less talk
everybody

47:57.480 --> 47:58.480
Daily source code dot com Adam
at podshow dot com

47:59.480 --> 48:00.480
Take care everybody

48:03.480 --> 48:05.480
Stick it in your ear