MICROSOFT, ALL OF THEM DOWN.
MORE ON THAT IN JUST A MOMENT.
APPLE CHIEF TIM COOK PUSHING FOR
NEW PRIVACY LAWS FOR TECH
COMPANIES.
OTHER TECH COMPANIES.
HE WANTS TO ADOPT WAS SOMEWHAT
SIMILAR TO THOSE ADOPTED BY
EUROPEANS.
LOOK WHO'S HERE.
ALAN PATRICOF, COFOUNDER, THAT
IS BIG DEAL IF HE'S ONE OF THE
ORIGINAL INVESTORS IN APPLE BACK
IN 1979.
YOU'RE A TECH WAY BACK THEN,
CORRECT?
>> YES, SIR.
STUART: BUT YOU WANT TO REIN
THEM IN.
YOU WANT TO MAKE THEM LIABLE FOR
MISTAKES THAT THE DATA THEY
COLLECT.
>> I THINK HE PUSHED ME A LITTLE
TOO FAR.
REACTING TO THE NEWS OF
YESTERDAY AND BEFORE ITS GDP ARE
IN TODAY DOES POSITIVELY
ACCEPTED BY THE INDUSTRY
BROADLY.
EVERYONE HAS ADOPTED PRINCIPLES
SO THAT OBVIOUSLY BEEN LIVING
WITH IT A YEAR NOW.
>> EUROPEANS WILL FIND THEM A
TON OF MONEY IF THEY MAKE A
MISTAKE IN THE DATA GETS OUT OR
CRUSHING SOME SMALL COMPANY.
>> ARE THE AMERICAN COMPANIES
OPERATING OVER THERE UNDER THOSE
RULES.
THOSE RULES HAVE BEEN ASKED TO
DO BY THE END IS DIRTY.
THEY ARE CONCERNED WITH THEIR
PRIVACY.
I DO CONVERSATION YESTERDAY.
HE TURNS OFF THE VIDEO AND MAKE
SURE HIS COMPUTERS OFF AT NIGHT.
EVERYONE'S NERVOUS ABOUT WHERE
DATA IS BEING COLLECT IT.
>> THAT'S EXACTLY MY POINT.
>> IF WE ADOPTED EUROPE'S RULES
HERE, WITHOUT RADICALLY CHANGE
THE BUSINESS MODEL OF THE
FACEBOOK AND GOOGLE AND TWITTER?
>> A LITTLE OVERREACTION FROM
YOUR COMMENTS AND WHAT THE
PRICES HAVE DONE THIS MORNING.
IT IS A FACT OF LIFE.
PRIVACY IS FRONT AND CENTER.
THEY'RE GOING TO HAVE TO BE
RULES AND YOU CAN HAVE TO LIVE
BY THE RULES.
SO FAR THE GDP ARE RULES,
COMPANIES WHO DEALT WITH ALL
SEEMED TO BE ADAPTING WITH IT
AND ARE LIVING WITH IT.
IF YOU TAKE INTO CONSIDERATION
THAT CAN BE FAVORABLE TO IN HER
SMALL COMPANY AND MAKE IT MORE
DIFFICULT.
THEY'VE GOT ENOUGH RIGHT NOW THE
BIG COMPANIES HAVE OVER
ADVERTISING.
STUART: YOU DO LIKE AMAZON DO
IT?
>> YES, LIKE AMAZON.
I THINK AMAZON'S GRAVE.
HE KEEPS COMING BACK TO HAUNT
ME.
I'M CONCERNED ABOUT WHAT
COMPANIES SOCIAL MEDIA, ONLINE
FIGHTING, HAD BEEN FIXATED 18
HOURS A DAY ON THE SCREEN IS
DOING TO OUR COMMUNITIES AND OUR
LIFE.
THAT'S WHAT I'M CONCERNED WITH.
DRINK TO YOU AND I ARE ABOUT THE
SAME VINTAGE.
DO YOU THINK OLDER FOLKS LIKE US
NOT GETTING USED TO THE
TECHNOLOGY BEING USED BY THE
YOUNGSTERS?
IS THAT PART OF THE DEAL?
>> NO, I DON'T THINK THAT.
I HAVE GRANDCHILDREN.
YOU MUST HAVE AT LEAST CHILDREN
IF YOU DON'T HAVE GRANDCHILDREN.
STUART: NINE GRANDCHILDREN.
>> I'VE GOT SEVEN.
YOU CAN'T HAVE DINNER ABOUT THEM
WITHOUT THEM SITTING BELOW.
STUART: YOU DON'T APPROVE, DO
YOU?
>> I THINK IT'S DISTRACT US.
I HAD A BUSINESS DINNER AND I
WAS UPSET BY ONE OF THE PEOPLE
SITTING THERE THE ENTIRE TIME.
I SAID IS THIS THE WAY YOU COME
TO BUSINESS DINNERS?
SIT THERE WITH YOUR
BLACKBERRY -- EXCUSE ME, NOT
BLACK.
, iPHONE UNDER THE TABLE.
DATING IS DONE ONLINE.
PURCHASING AN AMAZON HAPPENS TO
BE ONE OF THE COMPANIES LIKE A
LOT OF OTHERS.
LISTEN, WE ARE VERY IN FAVOR OF
DIRECT TO CONSUMER MARKETING
COMPANIES.
WE'VE GOT A FAIR NUMBER IN OUR
PORTFOLIO.
I JUST THINK WE'VE GOT TO FIGURE
A WAY TO BUILD OUR COMMUNITIES
AGAIN, REBUILDING HOW WE LIVE
OUR LIVES.
STUART: FORGIVE ME, I'M MOVING