tv Sino Tv Early Evening News PBS January 13, 2011 6:00pm-7:00pm PST
>> this is the "journana" on dw- tv. i am heather delisle. >> and i am peter dolle. >> the leader of germany's coalition party tries to restore its fortunes. hunter says it will change its new controversial media law but only if it breaks the rules. rain falls on frozen ground, making getting around and in germany treacherous. >> observers are calling it the most important speech of his career. mr. rill has been speaking to party members in the wake of
plummeting support of the junior party in germany's governing coalition. he has had to take the blame for the decline in numbers. in his speech, he tried to put a positive spin on the last 15 months in government, emphasizing the economic successes. >> after weeks under fire, westerwelle came out fighting. many attacks have been aimed at his spiky personality, but he was more than happy to play it up when he saw protesters in the audience. >> you are wearing ties for the first time in your lives, welcome. [laughter] [applause] >> jokes aside, heattling to survive. he saw to fend off the blame for the disastrous ratings, the party would fight to put priority in government and take some of the credit for germany's current success. >> we have the lowest unemployment rate since
reunification. and we can rise again. young people have opportunities again. are those supposed to be the difficult circumstances before this party meeting? what are we actually in politics for? we are in politics for the people. i would much rather have a difficult party meeting with germany's doing well than an easy one in germany is doing badly. >> he got a rousing round of applause. but the real test will come at the ballot box in a string of regional elections being held this year. many observers say the ftp faces heavy losses, especially to the greens, who are currently riding high in opinion polls. >> we spoke to our political correspondent earlier, who was at the fdp conference. i asked if westerwelle was it -- was able to dispel the mounting criticism from the party and the
public? >> well, westerwelle is a very gifted oratory. political opponents admit that. interestingly enough, a double young protesters were just teenagers. there were sitting up here. and i caught one of them at the end of the speech actually applauding. that shows how accomplished an oratory he is. but his speech was, i think he tried to strike a statesmanlike turn. it was not as aggressive, in my view, as i have often heard him be. he was presenting a history of liberalism in the contribution of liberal politics to germany and to europe since the second world war. it was a very broad historic view, trying to give the party members more courage. he did not really answer e specificriticisms that ha been madagainst m. >> ther news, a majorripe under
in t u. premier also boosted some automobile ocks. r dw-or fm the frankfurt exchange. >> traders here in frankfurt know how important china is tou. the chinese pilot a premium cars, andha is the one in which german cat money. the news was positive that volkswagen and nine are for signing lucrative contracts with the chinese were the billions. durindimer chrysler's share gai,
long they gain spectacularly in 2010. so there's still a lot of profit-taking going on. german industry garntrenus numbs during nr, one of the issues that held the dax gained in the end. the orders are the profits of tomorrow. that is the saying at the frankfurt stock market. >> we're l vel market indices in frankfurt. the blue-chi index closed about 0.6% higher at 6981. e to was up small. in new york, equity prices are drifting lower on disappointing christmas rais data. the dow industrials are currently down about 0.3%. on to currency markets, the hero is readyr $1.3023. the greek prime minister, george papandreou, is backing the idea of a jointuron at a meeting in paris today, he said that only the issuance of a joint bond could help eupe out
of its debt csi e meime, he said the government would still need to cut their budgets. eurobonds are controversial. ppen le germany and france are worried that common interest payments would take away the incentive for indebted countries to trim theibudgets. the world's largest consumer electronics fair has just opened its doors in las vegas. the latest trends odila include internet-connected 3d televisions, tablet pc's, and a new home enterinnt ptfm. and the microsoft ceo has surprised visitors by saying that his company is taking up an alliance with a second ipke >> the entire sector was listening attentively as the microsoft ceo gave the keynote speech. in the future, the software giant will no longer rely on chips from intel the team up wi arish company called arm instead to take on a rival
apple. microsoft still dominates the market with its windows erinsyem but it lags far behind apple inablet computer sales. he said the next version of inwsig wl omtie with chips designed by arm. it will be able to run on all platforms. >> thank you. the dioxin scare in germany is spreading with paltry in pig farms. bigger culture minisy ys there's no danger to the public, but it has banned the sale of eggs and meat from animals that were given feed contaminated with the carcinogenic of dioxin. >> work continues on farms like this one, even though an embargo has been imposed on it. he cannot sell his pigs until the meat is checked for the dioxin. >> there are too many. you cannot simply stack piglets. and the hogs keep getting
bigger,eeng slaughter is more difficult. every single day costs us money. >> farmers are some consumers affairs advocas y e ma could have been limited at the information about compared -- contaminated feed has spread more quickly. only now are officials discovered thathiunnire plant in lower saxony should not have been producing. farmers are taking legal action. we are already angry about how things are developing. i have serious accusations to make against the man authorities responsible r nitoring this. what has happened there is completely inexplicable. >> officials in lower saxony, where poultry farming is a major industry, said they addressed the problem quickly. >> on december 23, we get a tip from a compound feed plant it on the same day, we visited the plant in lower saxony, sealed at the tanks, and embargoed 20 to farms. >> farmers keep tending their
livestock as the investigation continues. >> staying in germany, black ice and freezing rain have caused accidents across the country. in berlin, emerges the services of other work cut out on them. under the morning, nearly 200 people were taken to hospitals after slipping on the ice. >> the only vehicles in action here on thursday morning were clearing the runway. flights were as husband and ed the airport for two hours. leaving stranded passengers frustrated. >> it was half an hour of frozen rain, an hour of light snow, and now everything has come to a halt. >> the extremely treacherous conditions came after rain fell on frozen services, creating black eyes. hundreds of accidents were reported up and down the country. in an eastern city, services were suspended. in lower saxony, many schools remain closed as a precaution. even snow chains proved to be
little help on the big layers of ice. it was a laborious start for many early-morning motorists. and although fashion triumphed over function for some pedestrians, many people were leftacing sidewalks like ice rinks. the freezing rain also posed a threat to areas already under strain of large amounts of snow. >> it makes the snow heavier, so it is crucial in gives clear now. >> this situation is set to use the temperatures above zero in the coming days. forecasters are urging caution if more rain falls. >> austria has claimed a ski jump internment for the third year. there was an overall victory after the first three stages. the jump of 136 meters in the final event. he had an unreachable lead over his nearest rivals. it was his first title when and
his first time that the same country has won the tournament two times in a row in more than 40 years. witchcraft is now officially recognized profession in romania. the country has changed its labor laws as part of a crackdown on widespread tax evasion in the eu member state, which is still in recession. the move, which also applies to astrologist and tax advisers, will see which is pay 60% income tax and the contributions to health and pension programs. the new measure has sparked the fury of some in the sorcery community. the queen which said she plans to cast a spell on the romanian president because of the tax move. >> you have got to be kidding me. >> it is true. >> that is a bizarre story. >> do not mess with the witches. >> she is going to hex the government.
>> the reef needs sunlight and water needs to be clear. >> a global idea is in global 3000 on it dw-tv. >> welcome back to business. as we heard earlier, las vegas is pushing aside its gaming tables to make room for the consumer electronics show. the world's technology companies are on hand to bombard the 150,000 expected visitors with everything from 3d cinema and tv to tablets in theaters, which are rapidly upstaging the standard pc. apple is not at the ces. the sheer number of mobile gadgets powered by google's android sure that the iphone is no longer the only name in town. for more, let's go to our dw-tv correspondent on wall street. the investors expect anything big to come out of las vegas? >> well, it would be needed.
the market is a little lame here on thursday, and consumer electronic part of the u.s. economy is still one of the most innovative in the world. so far if we look at the electronics show that started with the keynote speech from the microsoft ceo, it was a little lame, at least that is what i am hearing. technology shares are having trouble gaining traction here on thursday. the show just started, so there's still time left to get investors excited. >> there were some retail figures that came out over this past christmas. how do they look? >> we talked so much over the past couple of weeks about how great the holiday season wind, but obviously, especially the business after christmas when the snow storm, for december, hit the northeast of the united states, it was pretty weak. bottom line is a lot of the big
retailer is disappointed with their sales figures, and we see shares from the gap, macys, target losing up to 7%. overall, rather disappointing sales for the month of december. it also shows the blue chips traded lower here on thursday. >> of fresh news on facebook, of them seeking some type of new capitalization or investment. what is that about? >> waccamaw obviously, everybody wants into facebook, even if the company is far away from being listed on the new york stock exchange. more and more investors and tried to jump on facebook. now we have a word that goldman sacks, there's still speculation that they might not accept new investors for facebook. demand seems to be too high. >> thank you very much for that update from new york. south korea's airlines is
buying six airbus 8380 super jumbo jets. this deal is worth a $1.8 billion. they plan to use the jets on routes to europe and the u.s. the airplanes will be delivered between 2014 and 2017. this is the second big sale of the a380 sense an engine explosion back in november. as reported earlier, china's vice premier is in germany as part of his european tour to drum up business for his country. he is widely tipped to become china's next premier. he arrived and stopped in spain are pledged china's help in overcoming the eurozone debt crisis. beijing wants berlin to make it easier for chinese companies to invest in germany, but it has also promised to ensure a level playing field for foreign
investors in china. >> carmakers anticipate orders from china worth four billion euros to 5 billion euros. government officials say the contacts are said to be signed on friday in berlin. companies in the energy, environmental, an agricultural sectors are also hoping for increased business in china. in the first nine months of 2010, germany's exports in china totaled 29 billion euros an increase of almost 50% from the same time last year. during the same time span, china delivered goods worth a total of 55 billion euros to germany. the chinese vice premier is promoting china as a huge future market. many chinese have yet to benefit from the country's economic rise. so in the coming years, beijing wants incomes to rise sharply, which would generate massive consumer demand. >> many of china's 1.3 billion people have yet to benefit from
the country's rise to economic power. our number cruncher reveals more. >> 700 million, that is how many people in china live in rural areas today. that is more than half the total population. farmers have seen little of the benefits of the country's rise as a global economic power. the government hopes to change that in the coming years. beijing wants to help millions move from the countryside to urban areas so they can enjoy more prosperity. >> over the last decade, the economy of turkey has grown faster than any other here in europe. in the second quarter of last year, the country posted growth of 10%, equalling that of china. we have this report. >> pretzels in the pedestrian zone are a bargain. around 50 euro since. turks are now earning four times as much as they did eight years
ago. as a result, they are spending much more as well. >> that has been good news for the country's retailers. >> the economy continues to improve. business is booming. we hope that customers continue to buy flowers. things are looking good. >> billions are being spent to expand the subway to the west of the city. the upturn is evident everywhere. despite the financial crisis and recession. back in 2001, turkey had to cope with its own banking crisis and responded by reforming the sector. now the country's financial institutions are in good shape. eight years of political stability, along with a stable currency, are attracting an increasing amount of foreign investment. the president of the turkish chamber of stock exchanges and
commerce says the e you're meant the country's biggest training partner. but there is growing interest from other regions as well. >> after germany, russia is our second biggest trading partner. we can profit from our geographical location. the latest crisis led us to look towards other regions, including some that did not play a major role before, like the middle east and northern africa. >> german companies like commercial vehicle manufacturer, m.a.n., for also profiting from geographical location. the largest bus factory is in turkey. the 320,000 square meter plant turns up a range of city buses and motor coaches. each day, eight buses roll up the assembly line here. most are exported to 50
countries, including germany and russia. but one in 10 of the buses remains in turkey. many run on natural gas. a sign that turkey is also looking to the future. >> can the french industry minister -- he says the country faces economic war. that after car maker suspended three executives suspected of leaking information about its electric vehicles program. the french government owns a 15% stake in the company and is subsidizing development of electric cars now. the company, along with a japanese partner, drilling invested some four billion euros in the electric car program. german tourism association says that the number of overnight stays in the country increased 3% to 380 million last year. most visitors headed to cities offering cultural shopping and even opportunities.
has worked alongside legendary entrepreneurs, from henry kaiser to paul desmarais, and someone who, as a highly respected ceo, has done some entrepreneurial things himself, like taking huge companies out of the ditch and building some value there. here, then, is william turner. william turner, you are one of canada's great ceos, great entrepreneurs, bar none, so you'll have plenty to tell us, but you're also associated with the dobson foundation, which was the first, i think--in canada, certainly--the first foundation devoted to entrepreneurship, not just as an academic exercise, but as really action and results. what gave you your fondness for entrepreneurs? - well, i think it's an art that's missing. i mean, we still... we have some here, but go back slightly. when i got out of the harvard business school, it was not a popular thing to be in 1953. i worked in the states for a while, and i came to montreal. what i found in montreal was that there were
several graduates over the last two or three years before me who had gone around to mcgill and said, "look, this is important stuff. your commerce department just isn't doing it". [bob laughs] - entrepreneurs. yeah. - and their answer was, "well, graduates of our commerce department go to work for the government, or they're cas". that's a different ballgame. so they got the junior board of trade, which is no longer around, i don't think. - no, i don't think so either. - they sponsored these guys, and they went down to harvard, and harvard gave them--free--all the cases that they wanted to take to teach at night--not for a degree, just for knowledge. and john dobson was one of those people. - ah. - and he had been in it awhile before i was, but we ended up
in this thing. there was no mba given in canada in those days. - incredible, eh? given the fashion now. - and now it's overrated. i mean, there are just too many people doing it maybe not as well as they should. - yeah, off of cereal box tops sometimes. - but that was a useful thing, and to see people in montreal-- and it was by no means just the anglophone part of the city-- people would go there with no diploma at the end, because they wanted to learn something. and we found accommodation in all kinds of places--concordia, the high school of montreal, any place that would rent us a room in the evening--and for the rest of my life, every time i get on an airplane somewhere, somebody comes up and says, "you're the guy who was teaching me". [bob laughs] it had an amazing effect. - yes, i'm sure. and it still does. - probably one of the reasons--
by no means the exclusive one-- but probably one of the reasons that john, who had gone to work for dominion engineering and then got into the investment business--and made a lot of money in the investment business--and came from a family where his father had come from sydney, nova scotia, and entered the royal bank as a clerk-- - and became president. - and became chairman, president. and john, not being married, and having no family, sort of dedicated his life to the idea of doing what we were doing in kind of an amateurish way at that point in time by sponsoring a very sophisticated way of trying to develop entrepreneurs. - and you... this i discovered in the research. i knew about consolidated-bathurst, and we're going to talk about that, how you built that up. but you actually worked for kaiser, the famous--the kaiser car, kaiser ships, the boulder dam. there's an incredible entrepreneur, and as a young man you worked for him. tell me about him. - well, he was a remarkable character. he came from
watertown, new york, which is not that far from montreal, and somewhere in the late '20s, he wanted to marry the daughter of the most prominent citizen in the town--and when i tell you that that guy ran the drugstore, it gives you some idea of watertown. [bob laughs] anyway, the father said, henry, i really like you, but you've got to get a stake. i can't let my daughter marry someone who... - who's broke. - so he goes out and builds boulder dam... [bob laughs] ...and comes back and marries the girl. and his idea of raising children was... he reminds me of a kind of a person who got along very well with politicians--i don't think by any craft or by any non- ethical way of doing it, but politicians just liked the guy-- and so he got a lot of government work, and he built most of the dams that were built in the '30s.
- mm-hmm. - when the war came along for the united states, two years after us, suddenly nobody was building any dams, and the guy had a great social responsibility, and he said, "i've got to do something. some of these guys are going to go into the army, etc., but a lot of them are just out of a job, and i've got to do something for them". so he held what is traditionally known as sort of a poker night, where he had a few drinks, and talked to his buddies, and they played poker until about four in the morning, and at the end of the game, after they're talking about everything, somebody said, "you know, the united states needs liberty ships. why don't you build liberty ships?" by the time the war ended, he had 60 dry docks in a row out in washington state, and he was turning out a boat a day, and the japs couldn't sink them that fast. - no, for sure. that's incredible. but how... this guy obviously had the energy. this is at the heart of entrepreneurship-- incredible energy, and he feared
nothing, i gather, because he was a ship builder to begin with. - at the end--if you want to hear a little more of this-- at the end of the day... ...suddenly when the war ended, the dry docks were closed. nobody was building liberty ships, so he said, "we've got to have another one of these poker sessions". so he had another one, and after the next morning, they decided they would go into the business of aluminum, steel, and chemicals. now, if you were an economist of that day and said, "who are the toughest oligopolies in the us?" they'd certainly be in the first five. - yeah. steel was sort of a closed... - so he built kaiser steel, which was a huge success--the first steel mill of any size in the western part of the united states. he built kaiser aluminum, which we were more familiar with in montreal, because we had the aluminum company of canada in those days. and that was a great success, because people needed that sort
of thing, and, finally, he bought the willys jeep company to start his automobile deal, and then he went to willow run and picked up some of those big factories that had been usually turning out tanks, etc., and started the henry j. - the kaiser car. - the kaiser car. - which is the only thing that didn't last. - it didn't work, but even when it didn't work, he had a way of offloading, because he went down to the argentine and nobody quite knew why he was going, and the pilots came up to him and said, "mr. kaiser, there are a whole group of reporters at the airport in buenos aires, and they want to hear what you're going to do". i'm pretty sure he hadn't really thought too much about what it was, but he was challenged about an hour before he got there. the plane door opens, he walks out and he says, "boys, i'm going to bring the automobile industry to the argentine". - wow! and he did?
- he hadn't bothered to talk to the government at that point, so then he goes up and negotiates with the government, and he got a ten year deal from them that they would not import anything else if he built cars there. and he took the willow dies from willow run and brought them all down there... - and did a kind of a recycling. incredible! what was smart there was getting the argentinians to agree not to import anything else, which must have made some other car makers really mad. but was he a fighter? how did he deal with competition? because he seems to succeed at everything, but he must have had a way to... - i think he was more concerned about getting jobs for people. it sounds crazy to say this, but i think that was his number one objective. he happened to make a lot of money by doing it, but it wasn't his first thought. a little later one, when his kids grew up and i came along in the automobile division, his idea of how to educate his children--
because he had never been to university and didn't think that that kind of formal education was absolutely essential--he had his kids--or his two boys--on a sand gang in the morning, around michigan, and they'd be out there, working-- - on the roads? - on the road or whatever it was that he was building at that point in time. and then a chauffeur would come along and pick the up at noon with a change of clothes, and they'd change in the back seat. they'd meet the father at the airport, they'd fly to new york, and he arranged that his kids could sit in the back row where the secretary sat at the board meetings. so they went from-- - yeah, so they... being on the sand gang to the... in one day. - the contrast, it's just mind-boggling. - i want to jump ahead, because one of your claims to fame, of course, is how you built up--you merged--two huge paper companies, and it was not--i mean, now, we say, "yes, of course"--but it was very... that was quite entrepreneurial. it was both a ceo and an entrepreneur at work.
let's talk about that. - okay. i went back, and after working for ingersoll rand for a while, which gave me an idea of where the interesting things were in canada--because they made machinery, and then you get into everybody's place--i ended up being the ceo of consolidated- bathurst. well, i got there because i was with power corp-- i'd been the president of power corp--and we had merged in power corp the bathurst paper company--which was an entrepreneurial... sales management type of guys--with consolidated paper, which was more like a bank in those days. mr. belnap, who'd come up to save them in 1929 from the crash... morris strong used to say, the only trouble with him was he kept saving it year by year. [bob laughs] - so it was never... yeah. - so they had more cash, and
clearly had no idea what to do with it, and they had their own share department. that was to try and cut costs. - instead of using a trustee-- - so anyway, what happened was, i went around and figured out that the bathurst company could supply the management, and the newsprint company could supply the cash and a very well deserved name of being a top engineering place. so we put them together, and the fellow we chose to run it was a former president of the bathurst company, and he had the bad fortune to have a nervous breakdown about three months after the merger. so the boards of two companies, plus power corp, the third one, said, "your problem!" - so they sent you into the trenches. - so i tried to talk to everybody in the paper
industry--by that time i knew them pretty well in canada-- who had the biggest public reputations, and nobody would bite, and i was offering them not so much in salary, but a huge amount of options in those days. i thought you could really make yourself something. the tax situation is such that you don't make it on a salary; you make it by having stock in a company and improving the value. i couldn't get anybody to do it. - that tells you how daunting it was. - i don't think it was that tough. but anyway, paul desmarais had come in and become the chairman of power corp, and i was... i thought it was a good idea to do the same and make that a little empire. he was the major shareholder but i had pretty good-- - so you gave yourself the offer that everybody turned you down on. - yeah. and it worked. - i read somewhere, you came in at eight, and the place was
closed until 9:15 or something. - the way companies work, the ceo is a very important... there are minor things that make a hell of a difference. the fellow who had the job before was a night person, and i think we're all divided into whether you have energy in the evening or energy in the morning. i'm a morning guy. so i found out that he didn't show up until ten in the morning, but he stayed there until seven, you know. now, the rest of the head office shows up not always at nine-- - well, they're patterned after him. i bet they didn't leave at seven. - they certainly went home at five. so when i got there, i showed up the first morning at eight, and i couldn't get into the building. there wasn't even an office manager around the place, so later on, once i got in--and it was tough going, because we had to do a lot of cutting down--i said to
everybody, "look, if you want to see me, i'm available up until nine o'clock. don't wait for an invitation; just come in if there's something that you think is important for the company. and i think i added probably two hours. - that was your trick to get them to come in earlier, and they had a chance and they took it. they came in. and slowly you built that up, and, as you say, that's one thing about entrepreneurs--you weren't scared; everybody else was scared to take on this thing, but deep down you weren't. why not? - well, one of my kids was about eight years old when i was doing this, and he had just gotten into reading the financial pages in the gazette, and he said to me, "you know, the stock went down, dad, the other day". and i think it was eight when i came in, and it was down to four. and he says, "what happens if it goes to zero?" and i said, "well, your father has to go and look for another job". but i said, "don't worry, jamie, it won't go to zero". and when
i got out 17 years later--or 15 years later--the stock had gone up 17 times from the eight- dollar amount. - to what? to... - well, because there were so many splits, i can't do it that way, but in actual value, anybody who had an eight-dollar stock-- - you mean, like, 1700%. - yeah. - wow. that's 100% a year. and how did you do that, basically? - well, i got good people. i mean, i had a lot of good people, but i got some more good people, and i gave them their heads, you know? i said, "we've got to be active. we've goting y anything when the cycle is high". because commodities generally are a cyclical business. it goes up, it goes down. so i said, "when it's down, we'll buy, and we're not going to start a new mill when it's up, or..." - mm-hmm. it makes sense. - it makes sense but nobody does that! - they get caught up
in the cycle. they think it's going to keep going up. - yeah, if company a announces, "look, we're going to build this new mill, and we're going to do this and that", and stocks and prices are high, the other guys can't wait. they say, "okay, we'll do it". we waited. - and of course you picked up a lot of the stuff that they built probably. - we picked up both property and companies by waiting. - but why is it that... you know, it's the oldest wisdom in business, isn't it? you buy low, sell high. and we see this in the stock market. the psychology--people can't follow that basic rule--the psychology goes against it. why? - there's a herd instinct, you know? "if x is doing it, gosh, i've got to do it too!" and it's wrong. - you lose all your judgment. - yeah. - and i guess you get pressure too--people around you saying-- - the other thing we did is we went international, and the companies were just canadian at that point in time, and we ended up with mills in the united
kingdom, in germany, and in the united states. and we were looking seriously at doing one in china and one in russia. - china eventually got done, i think, actually, out west with some kind of joint venture in bc. - yeah, we brought them in. we bought a paper mill in british columbia--at the bottom--and we made a deal with the chinese: "we'll let you in on our deal, but you've got to take all the product", which they were very happy to do, because it was a good deal for them. - that was a smart way to do it, too. and, again, i read in the research that you were talking about warburg, who is one of your heroes--siegmund warburg-- who traded being a ceo, being a consultant for life, and he said, "on wall street, guys are just in a hurry to get out, make their pile, and leave". - yeah, it's a different world. i would argue that the long- range view... paul desmarais had
the long-range view. that's one of the great things about him. he bought things knowing that 25 years from now, they'd be worth a lot more money, if he had the right people running it. but how did that happen that you have a managerial class, on wall street, certainly... we know about greed--that's a universal trait of human nature--but you could want to make a pile and still want to stick with it. why is it that people are so short term, in your view? - i don't know. i think they're frightened of things changing on them. and i don't think everything that wall street does is very honourable, so... - hmm. and i wanted to end with one story. we happen to have very little time, but it was interesting to me that when our senior producer, francine, asked you what you were proudest of, it concerns a cello. - yeah. - you collected money for a cello. - well, that's a good story. and i am proudest about that. back... probably 20 years ago--
i'm not quite sure with my timing--denis brott, who was a cellist in the orpheus string quartet--and i'm interested in music and art--he came to me one morning and said, "look, my dad had a classmate at ju..." - juilliard. - "...juilliard school of music, who is now retiring as a major cellist in the chicago symphony, and his real asset is his instrument, which is worth $275,000 or something..."-- now it's worth about a million-- "...and he wants to sell it, but he'd also like to know who's going to get it", because that was the year when the japanese were on top of the world. everything that came up of that quality, they usually bought, and he said, "i don't want my cello to go to japan-- not because i don't like the japanese, but i want to feel that i know something about where it's going", and he said to alexander brott, who was the mcgill chamber guy, he said,
"could your son buy it?" and he said, "the price that that professional music store will give me is probably 50 to 75,000 below what they would sell it at. we split the difference, i would get a little bit more money, and i know where it is, and i'm quite happy". so denis comes to me and says--you know, if you're a string player, your voice is your instrument. - of course. - if you don't have a good instrument, you've had it. so he said, "gee, could you do this for me? could you raise the money?" i was raising money for universities and hospitals and that sort of thing. i said, "denis, it's damned hard to do it for an individual. why doesn't the canada council do it? why don't we get them to buy it? i mean, i'll raise the money and give it to the canada council. i can do that and get people to help". well, he said, "i tried them". and it was not invented here in ottawa, you
know? had they thought about it, they probably would have done it, but some kid comes in like this, that bothers them. - typical. - so i said, well, leave it to me. i'd like to go up to ottawa and see what i can do. so i go up to ottawa, and i got the same treatment. very polite, but, "we're not interested". so, i had a director on the consolidated- bathurst board in those days who was from new brunswick, and had a lot of legal work in the united kingdom, and he said, "there's a very simple way to solve that problem, and those guys probably don't know about it". and i said, "what? what is it?" and he said, "you raise the money and donate it to the queen in right of canada". - holy cow. - that means that... "we're in a monarchy", he said, "and they mustn't, they may not accept, turn down that". and then just designate them as the person who looks after it. - ah. - so i wrote them a letter and said, "i'm going to raise this money, and there's no question
about what it's worth, because we already have an offer from the music store". and denis gets it because he brought the idea in, but anytime he stops being a professional musician, moves out of canada-- - belongs to the queen. - it goes back to you guys. the queen doesn't have it. when they said, queen in right-- - yeah, i know, i know. but i like the idea. - so it goes back, and i say, "you hold a contest, and give it to the most deserving canadian". now, they've changed it since this time, and i think for the better. - but it worked. - it worked. yeah. - well, bill turner, that is the mark of a true entrepreneur, that imagination, and you made many music lovers happy, i'm sure. - they have 19 instruments in this thing now--four on loan from a big collector in the united states who knows that you have to play these things or they deteriorate, you know? - of course. - nowadays, the kids hold a contest every three years-- except for denis', which is
until he retires, because that's the way i set the conditions up--and they have very good musical judges, and they rate these people on a basis of one through 19 for the instruments, and if you're number one, you get first choice of any instruments for three years. - incredible. and the winner this time, i believe, is a young french canadian girl. - that's right. it's a very good story in itself, because this girl comes from a very small town, and she's not self-taught, but the professorship probably wasn't what you would get if you were in montreal or quebec city. anyway, they bring in about three really knowledgeable people who are the judges, and because there are 19 instruments in the bank, there are 19 people who can place, and these judges place them the way they see it. and what they're looking for is somebody whose whole career will
advance fastest by having a great voice, so this girl placed number one, and she thought she was lucky to even be in the 19. so she turns to denis brott, who is sort of mcing the thing, and she said, "what do i do?" and he said, "you try every one of those 19 instruments, and see which one you really feel has a rapport with you, and the one that has the most rapport, that's the one you should do". - wow. a dream come true. - and it's not necessarily the most expensive--you know, it could be anything. so she did this, and she ended up choosing the second best, according to the instruments--her ear is pretty good--and she worried about, "did i make a mistake?" he said, "no, you didn't make a mistake. you've done what is best for you". - this is a wonderful idea, bill turner, which, again, speaks
to your entrepreneurial mind and how you structure things, and so on, so it's wonderful that you did that, and it was great that you came today. thank you so much. - thank you. - william turner was our guest this week on entrepreneurs: the dobson series of the world show. i'm bob scully. have a great week. thanks. closed captioning by sette inc.