marc: that might be true. emily: so, what did salesforce do right over the years that oracle has done wrong? marc: well, we really got singularly focused on a vision of the cloud. a lot like what google or yahoo! do, you can log on a website, but instead of delivering books or delivering search results or something like that, well, we are delivering business functionality. and we have stayed very focused and dedicated to that idea for 15 years. and because of that singular focus, we have been able to achieve a great success. and there is a message in that around business, which is you have to be dedicated. emily: and is there another message that oracle missed the cloud? marc: well, oracle has a different business. on my way out of oracle, jeff henley, who just retired as the chairman and who was the cfo at the time, took me into his office, said, "marc, you know, it's a good thing you are leaving oracle." and i said, "whoa, jeff, why is that?" and he goes, "well, it's going to be hard for us to do a brand-new

marc: i did. emily: then you went to apple, you worked under steve jobs. marc: i did. emily: what was the single most important thing you learned from him? marc: passion. steve jobs was one of the greatest, most passionate people i ever met. and i still remember in 1984, i was programming assembly language, which is kind of the language at the core of the microprocessor, down at apple headquarters. and we were writing the first -- the first software that did assembly language on the macintosh. well, steve jobs came storming down the halls, motivating the developers. his energy was infectious. and everybody wanted to work as hard as they could, because he was there, and he was working so hard. and i -- i learned that, i learned that you have to be all in. and that is something i try to bring to salesforce, too. emily: how confident are you in the future of apple under tim cook? marc: i think that tim is doing a great job. we have seen some great new products this month with the new iphones. i have one in my pocket right now. i have a 6 plus i'm really enjoying. and appl

marc: i do. the real challenge became when we got renewed, and they wanted to do more shoes -- chose. i did not know what we would do, i did not want to go back to the world we established. i had sort of done it and done my whole life that way and i didn't want to be redundant and it sort of hit me all at once , that he has been out, using boxee for a year, and we would come back and have a different show. mark has nothing, on drugs, we have to get him cleaned up and transitioned back into life, and make a big decision about his future so it has a nice , narrative arc. charlie: what do you think the listeners are buying into? do you think there are buying into this is in fact a reflection of his life, or are they saying, he has created a character that has nothing to do with him at this stage? marc: i think what they know about me, and if they have been listening to the podcast, there are stories based on reality. charlie: and the professional life is a little the same. marc: exactly. but the sea

marc. and he was like, "oh my god." despain?" >> reporter: he thought right away it was jack. >> uh-huh. >> reporter: because anyone close to jack and his family knew, a poison far more potent than money had come between father and son. >> i never saw it coming. i don't think marc ever saw it coming. >> reporter: it began, said michelle, when her 13-year-old daughter told them an ugly story, that her grandpa jack asked her to take nude photos of herself on his phone. marc called a family meeting. >> marc told his dad, there's a problem. we want to help you. you know, we're not here to you. >> reporter: jack swore he did nothing wrong. marc called in the police. tana, jack's wife of more than 30 years, left him. moved in with marc and michelle. well, how do you prepare for a thing like that? >> y y don't. you don't prepepe -- >> reporter:r:ell, what is that >> you just -- your mind is -- is in overdrive, you know, trying to think, you know, "oh my god, could this have possibly happened?" >>

marc: yes. david: if you had bought the stock at the beginning, you would have been up about 7000%? but -- 3500%, but who's counting? david: now that you own time magazine, do you get to pick the person of the year? marc: i realize you are a good candidate. i get it. david: would you consider running for office? marc: i believe business is the greatest platform for change. we can do it. we can fix the world. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? let me ask you about salesforce.com for those people who are not that familiar with it, there may be a few. you started the company in 1999? marc: yes. david: and today it has a market va

emily: what is next for marc benioff? marc: a lot more philanthropy and giving. we've built these two great children's hospitals with oakland and san francisco. i would love to spend more time with entrepreneurs and with philanthropy. both of those are highly constrained because i have a day job, which is running salesforce. i love that. i love the job, i love the industry, i love making the people behind me happy. that's why they come to dreamforce. emily: we talked about your mentors. how does marc benioff want to be remembered? marc: if i leave anything behind, it should not be cloud or the democratization of enterprise software. it should be that the true joy in life comes from giving. you can be in business, you can be a ceo and have a great company, and that can be one of the greatest vehicles for giving that you ever have. use that platform to give back, and you are going to not just have great success, but you are going to be happier than you will be successful. emily: marc benioff, thank you for joining us. this has been a phenomenal opportunity. marc: t

marc: in? emily: in one year. marc: thank you. emily: which is more than all three founders of twitter combined. marc: yes. that is true. emily: since twitter started, by the way. marc: i really think the stock in the company should be rebalanced. [laughter] emily: we are going to reference some of your tweets throughout this conversation, and i wanted to start with this one, given the anniversary of netscape. this is true, when i came to silicon valley in 1994, i thought i had missed all the opportunity, fun, and excitement. it felt post-apocalyptic. when did you realize you were wrong? marc: it really took the internet taking off. silicon valley had been on fire in the late 1970's and 1980's with the pc, and with software, with companies like oracle taking off, and microsoft, adobe, and apple, and all these local companies. and then the valley crashed really hard in the late 1980's. what i learned is, the talent, the latent talent, the number of people in the valley who were talented and qualified and skilled, who had been throu

marc: in? emily: in one year. marc: thank you. emily: which is more than all three founders of twitter combined. marc: yes. that is true. emily: since twitter started, by the way. marc: i really think the stock in the company should be rebalanced. [laughter] emily: we are going to reference some of your tweets throughout this conversation, and i wanted to start with this one, given the anniversary of netscape. this is true, when i came to silicon valley in 1994, i thought i had missed all the opportunity, fun, and excitement. it felt post-apocalyptic. when did you realize you were wrong? marc: it really took the internet taking off. silicon valley had been on fire in the late 1970's and 1980's with the pc, and with software, with companies like oracle taking off, and microsoft, adobe, and apple, and all these local companies. and then the valley crashed really hard in the late 1980's. what i learned is, the talent, the latent talent, the number of people in the valley who were talented and qualified and skilled, who had been throu

marc: absolutely. look, bitcoin for us is very much -- the saving grace about the venture -- we are venture capitalists. i think like a venture capitalist. the nature of venture capitalists is we make 10 bets. we assume that five will go straight to zero. frankly, i do not think anybody knows one way or the other. but if it does work, it could be profound and revolutionary and gigantic. that said, underneath that, the thing i am quite condfident about is that the crypto currency concept will become really vitally important. i think it will be in the form of bitcoin. but even if it is not, it will be something else. i think netflix could have a billion subscribers by sometime in the early 2020's. i do not think there is any reason why it cannot be gigantic. ♪ emily: a lot has been made about the power of the sharing economy, in companies like uber and lyft. which i know you are an investor in. you recently tweeted, "perhaps the single, biggest key enabler for the sharing gig 1099 economy in the u.s. i

marc: -- reporter: what was marc short like hike school -- like in high school? marc: i would say i was somebody i went to a school in taiwan are i enjoyed playing different sports. say more of my character development happened after i went off to college and had my first job. reporter: what about college and law school? it was a funege, school. i had a lot of good times there. i probably can't assure them on tv. school, it is a very trying environment where you have a case study program adopted after the harvard business school in which they call out the weaker students and you are put in an environment where you have what is called cold calls. in which a professor comes in and taps a random student to lead the conversation on what you should be preparing for the think the to to do a lot of life lessons on how to be prepared, had to think quickly on your feet. and to be prepared to lead a class. reporter: can you use that today on capitol hill? marc: i think absolutely. people ask me, have you used your mba? no, in the sense of, do you look at discounted cash fl

marc: i think they do. i believe many of the members in congress are very responsive to their constituents. they feel that their constituents are responding positively to the presidents messaging. they will want to get on board. steve: when you go home at night, or you have a chance to kick back or are you already thinking about the next day? marc: i am blessed to have a very forgiving wife and three wonderful kids. i'm able to spend time with them. with loans and communications today, it really is 24-7. so it stays with you whether you are there physically or not. steve: how did you meet your wife? marc: we met in washington, d.c. she was a student. i was there as well. that is where we were first introduced. steve: i want to talk about that. i have read you were in part responsible for the young american foundation purchasing the reagan ranch in california. marc: i don't know if i was responsible we were the first directors. ron robinson, the president is the one who had the concept and decided that after

marc: coming up, stick around. marc: we are back with our "great american panel." danny glover has attacked president obama. this is like lyndon johnson. if i lost danny glover, i lost the nation. he has said that president obama is failing blacks. in return, president obama said, if you want me to line up all the black actors, for example, who support me and put them on one side of the room and the couple who are grumbling on the other. this idea that the first black president should be doing more for blacks, is there anything to that, michael? >> i don't get obama. everything comes back to him and he wants to line the blacks on his side versus glover's side. it's all about him. marc: we have the side bar of him doing this. >> lining up the blacks on one side of the room. >> if you want me to line up all the black actors, for example, who support me and put them on one side of the room and others who are grumbling, i will have that. you have to look at the polls of the african-american community. there is overwhelming support for what we have tried to do. we have

marc: right. charlie rose: he believes in the dialogue internally, with respect to other countries, all of that. he believes it in conversations with iran. he sent people to see if the iranians would want to have a conversation to get somewhere. they got somewhere. he believes in dialogue. he also thinks about, why is it that we can't have more dialogue? he said that he cannot talk about certain things because they get so polarized. if we talk about income inequality, people say it is class warfare. it is not class warfare. we are talking about issues that we need to talk about. i think he believes in that. he reaches out to people like you because -- marc: i'm going to let him talk. charlie rose: and because you are wise enough to have a real conversation. you are not trying to score off of the president. you are trying to get him to think out loud. marc: right. i think that what he said in the interview about the echo chamber and the reason dialogue has diminished is because it becomes about cla

marc: yes. david: now it has a market value of $130 billion. marc: yes. david: if you bought it today, desk sold it today, you would have a return of 7000%? marc: 3500% but who's counting? we have been able to give away $300 million. we have done $400 million of volunteerism. david: what does it actually do? marc: salesforce is a business software company if you go to adidas.com and you buy some easy's -- yeezies from kanye west. if you have to send those back, the sales, the marketing, the emailed, all of that is 100% salesforce on adidas. david: you company did two things right. marc: what were they? david: crm. customer relations management. your point was that the most important thing in business is to make sure your customers are ok. is that right? marc: i think that is generally a good idea. david: the second thing is that you said let's do this through the cloud. when you start the company in 1999, people thought thousand work weightings in the sky. you said there was more than that. marc:marc: there were three things that we said we would do when

marc: that was big dog. i used to be a professor where we had some running quadra pads in my lab also funded by darpa, but many years earlier. between big dog and this, we went through about four generations of machines, each going at things a little different way. big dog had a gasoline engine. this one has batteries. that was hydraulic, this is electric. it did not have as much perception as this robot. there has been lots of evolution. there is lots of evolution to go. >> if i want to get one of these, can you put me in one of these today? marc: about 45 days. >> 45 days. marc: we have been selling them into an early adopter program, where the customers, we have been trying to pick customers that have verticals we think have potential for lots of growth. we have been selling into construction sites, data acquisition, which is really a burgeoning field. where people mount their own sensors and collect either 3d data or 360 imagery or things like that, so they can monitor progress of a construction site. we

feel more marc: welcome back. marc stein in for sean. franklin graham, the son much the reverend billy graham, recently traveled inside the reclusive country of north korea. after his trip he sat down with sean to talk about that unique experience and a lot more. plus, he's got details on how you can help out needy children around the world this christmas. take a look. sean: how's your dad? 91 now. >> he's doing well. his mind is sharp. he still stays engaged. he's watching us tonight. so -- sean: we miss him on the public stage. it was a great honor when i got to meet i am. so you go to north korea. this is, what, your third trip? >> yes. sean: kim jong il. i think he's evil. i think he's part of an axis of evil. but you go because -- >> well, first of all, there's a lot of evil people in this world. we've got a lot of evil people in our own government, ok? so there's a lot of bad to go around. but, sean, you have to talk to these people. you just cannot ignore them. they've got an army of about three million people. they have nuclear w

marc: yes. charlie: what is your assessment of how well he has done? the past eight years? marc: he has done a really good job. if you look at the market, right, from when he came into office to where the market is, it is reaching record highs. if you look at the economy, the economy is doing substantially better. charlie: but there are real concerns about the economy, and that's a reason the fed has not raised interest rates. marc: that's correct. but we have not gone into a recession. when things are going fine, everyone wants them to go better. when things are going well, everybody wants them to go great. when you look at where we were, to where we are today, i'm very happy at the job he has done. what i like to have less -- would i have liked to have less regulations in the financial sector? sure. charlie: but you can live with it. marc: you can live with it. charlie: and that came out of the congress primarily, through dodd-frank, which you supported. marc: i think at the end of the day the

marc: a hannity exclusive. we follow care packages on their journey halfway around the world and see the difference they make to the soldiers who are spending their holidays far from home. >> i honor you for keeping us safe. return home. thank you for your courage. boss:hey, glad i caught you. i was on my way to present ideas about all the discounts we're offering. i've got some catchphrases that'll make these savings even more memorable. gecko: all right... gecko: good driver discounts. now that's the stuff...? boss: how 'bout this? gecko: ...they're the bee's knees? boss: or this? gecko: sir, how 'bout just "fifteen minutes could save you fifteen percent or more on car insurance." boss: ha, yeah, good luck with that catching on! anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance. marc: thousands of families are preparing to spend christmas apart this year with loved ones overseas. the journalist michael slade traveled to iraq to get the real story straight from the soldiers

marc: thanks, frank. coming up, the president tries to spin his failure at copenhagen as a great victory marc: the copenhagen conference has come to an end and the countries that assembled there managed to accomplish little if anything. the united states us -- u.s. and other countries including china and brazzle -- brasim reached a nonbinding agreement. nevertheless, the president managed to spin the fact that a nonbinding agreement was reached as a tremendous victory. >> if we just waited for that, then we would not make any progress. and in fact i think there might be such frustration and cynicism that rather than taking one step forward, we ended up taking two steps back. marc: actually i'm pretty sure that the main goal of the conference was reaching a legally binding agreement to reduce carbon emissions and to cripple the american economy. unfortunately for president obama his strategy in iran is faring no better than in copenhagen. after a year of playing softball with the administration in tehran,.

marc: your time is up. legalizes marijuana legalizes marijuanaalallot 64 for adult recreational use, despite the fact that the federal judge administration marijuana,all including medical, as a schedule one drug. as a senator, how would you propose to resolve the contradiction between state and federal law? atty. gen. harris: we have to resolve it. the reality is, i believe the peak -- voters will pass the law, that it will be legal in california. onne, to schedule too. we had incarcerated a large number of the dominantly african-american and latino men in this country for possession and use, at a very small scale of one of the most, least drugs.us of all of the we need to change it on the schedule, and we need to and mass incarceration of young people in the country for use and possession of marijuana. i love the talk about that in the context of the work i have done or a longtime. we need to stop the criminal justice system that is broken, because it focuses only on reaction after a crime occurs, instead

natasha. >> marc maron's extboifls. >> points, marc, one more. >> i don't like natasha leggero.com. >> good, that brings us to the end of speed dating, you guys. and i see, nate bargatze, you are in third place. i'm so sorry. do you have any last words? >> i hope you don't do anything embarrassing. justtlet me leave with my dignity. >> we will not do anything embarrassing. marc, don't, you'll get the shame color on you. after that we won't do anything embarrassing. that was the last thing. that means it's time to kick start my heart. it's for the win! get yyur lipstick out, because a kickstarter just launched for. "zoa," the first dating app for pets. this tinder-cllne for cats and dogs uses your location and breed preference to help you find the perfect match for your animal companion. dogs are just automatically tender. they'll ( bleep ) whoever is nearby. there's an app for this i think-- maybe it's one of those things like in headshops, it's like "for tobacco use only." i do know getting bitcheshes and ( bleep ) was never so easy or literal. comediaas, please write the zoa dating

marc: yes. david: and when you started the company in 1999, people thought clouds were white things in the sky and you told people there is more to that, right? marc: 100% right. there is really three things we said we were going to do and we started our business. number one, build this cloud. two, have a subscription model, so you're going to subscribe, not buy a license. we will have a deeper relationship with you, and that became a recurring revenue stream, and that was a whole type of different business model for software. three, we said we will put 1% of our equity, 1% of profits, 1% of all of our employees' time into this 501(c)(3) charity. it was very easy because we had no equity. now we have 45,000 employees, $130 billion market cap, so we have been able to have that stakeholder impact. david: the premise was, you wanted to build a company that was actually one where employees thought they had a culture they were proud of, is that right? marc: i was working in another software company f

emily: salesforce ceo marc benioff. you can catch our full interview online, including his comments about uber. and that does it for our special live edition of "bloomberg west" from dreamforce. ♪ so the u.s. has opted to keep federal reserve's-- policymakers still expect to raise rates this year. >> the outlook abroad appears to have become more uncertain as of late. heightened concerns about growth in china and the third market economies have led to notable volatility in financial markets. >>

marc: that is true. one of the most critical things that i advise early-stage entrepreneurs or in fact any one with a business is you can't run out of money because then it's game over. and we had a point -- this was in 2000 and the company was three years old. and the good news was, we were on track to do $5 million in revenue. the bad news is, we were on track to lose $50 million getting there. you don't need to be a financial analyst to understand that's not sustainable. and so we decided to do this thing that all pertinent entrepreneurs do which is pursue strategic alternatives. which is code for we have to sell this sucker. our obvious strategic alternative was blockbuster. but we were $5 million in sales. they were $6 billion in sales. we were probably at that time 300 employees. they were 60,000 employees. we tried getting this meeting. nothing. as luck would have it, they actually finally called us for a meeting when we were on this corporate retreat in santa barbara in the mountains. we flew fro

marc: no doubt. i think that is certainly a conversation that nsc has engage with the president to talk about. yes. david: all the way in the back to jeff mason from reuters. >> mar, there has been a lot of coverage about gary comes relationship with the president after charlottesville. he is a big player in tax reform. can you walk us through what he is doing? how he. role with congress and in the white house? and more broadly on the relationships with the white house, do jerrod end of al qaeda help you on the hill? do they reach out to congressman and congresswoman as well? marc: i am not really going to talk about relationships in the white house. as far as partnerships on the hill, in many cases the way we look at it is that each of the principal engagement with the hell only helps us. with the caveat that it has to be coordinated. seeing that is coordinated, it helps to advance interests that are part of the presidential agenda. with gary cohen, look, we all serve at the pleasure of the presiden

mozart, marc benioff is a magician. benioff's work is like a series of lightning strokes producing one uninprovable masterpiece after another and was said of mozart and can be received marc benive. the generosity of lynn and marc benioff to our schools and in so many ways and education and growing our economy in ways that is fair. they are magicians. i have only said this about one other person, and guess who that is? bono. that was a few years ago and here we are book ends of these magicians starting the morning, ending the day with two magicians, who have the magic to make such a difference in our world. and part of their magic is the spell that they cast enabling other people to join in in philanthropy, in justice, in ending hiv/aids as we know it now. our city responded in a wonderful way and we'll talk about it at the theater in a little while. got to have my glasses on -- but for right now, this dreamforce that we're all here about, make us part of something very magical. that will make a tremendous, tremendous di