It seems like i have known him for 100 years. Pleasure to have you. We have had your favorite ohio state coach here the other day. The ohio state university. My impression was they have no bigger or stronger fan than you. Tom that is a true statement. Charlie used to work with woody hayes. Tom in graduate school i had the privilege of rubbing shoulders with the coach. And talk about military history and all the things he taught there. And three yards and a cloud of dust. Tom three things can happen in two of them are bad. Charlie so, what can happen to the fcc . Are sitting at an exciting time in history. If you stop and think about it, the most important external thee in our daily lives are networks that connect us. Thewe at the fcc get privilege to be involved in the evolution of those networks into the digital era, whether it is broadcasting, cable, satellite, telephone, or the internet. Economy that we get a chance to participate with as they are evolving fomr the from the old analog world to the new Digital World. Charlie but what do you do . You obviously hear important arguments and make rulings on them. Tom the really interesting about this job is that the statu te was written in 1934. It was updated in 1996. 1996, a lot has changed. So, the challenge that we have is to say, ok, lets look at the basic four corners, that congress has laid down and said, this is what we think is in the public interest. And then make interpretations as to how that statutory responsibility works in the new Digital World. And so, we are dealing with everything from mergers to competitive issues and how do y ou make sure that there is competition in these markets . How do you make sure there is Consumer Protection . How do you make sure that National Security is protected . So, it is a very broad ballot we have to work with. Charlie this is what your predecessor, president of the National Cable and Television Communication chairman said the commission has breathed new life into the decayed telephone regulatory model and applied it to the most dynamic freewheeling and innovative platform in history. Tom i agree totally. The internet is the most powerful and pervasive platform in history. Him ree entirely with on his other part because basically what the cable industry and the telephone industry and those who provide Internet Service, last mile service, heaven saying that leave us alone. And what we did is said wait a minute. There is a basic responsibility that people who are providing Internet Service have to make sure that consumers have unfettered access to the content they want to go to on the web. And those who are creating content have unfettered access to consumers. And that is some basic things. There should be no blocking. You should not be able to say, you can get through when we can get through when you cant. There should be no throttling. Your service im going to not allow to go as fast as another service. There should be no pay prioritization. Ane are flashlight fast l because your are paying me more. And then what you need to have in place, is i think the thing they are most concerned about, and that is you need to have a referee on the field or at we were talking about woody hayes. Rulesed to have a set of that say, is this just and reasonable . Any need to have somebody that can throw the flag if it isnt. We dont know what the internet is going to become five years from now. Think back five years where we are today. What we do not want to have happen is a Regulatory Agency is to thwart innovation. At the same point time but the other part is we do not want people who are running the networks to have to be the ones who provide permission for toovators and entrempreneurs provide new services. It is the concept of making sure there is somebody to say does hthis make sense . Charlie the argument is you inhibit innovation. Easily refuted. You look at the tremendous growth in investment that has eurialplace in entrepren activity since we put the rule in place. Look at how the cable industry, the telephone industry, the Wireless Industry have unprecedented levels of investment since we put the rules in place. The network is growing in charlie those reserve the network is growing. Charlie you make a huge Capital Investment to provide the fastest Internet Service somewhere, you now simply have to make that available to everybody, correct . John oliver was on this program. Story of about the someone with your experience becoming the fcc chairman. You said that experience provided you with all that was necessary to do a good job for he said, why would we let someone who has been trying to lobby the fcc become the person who chairs the fcc . Is that some inherent conflict . And i think if you go back you look, and charlie, i ran the Cable Television association when it was an up and coming fighting being and for its survival. I ran the cellular industry a dozen years ago when it was an entirely different business. Ive started my own businesses. I have been a partner to capital firms helping start businesses. So i come to this job with an understanding of both business and policy and how it works with the people that we regulate. So, i actually think i come with a leg up. Charlie what do you hope you accomplish what you are chairman of the fcc . You addressed that neutrality or do have got some mergers. Is at the core, it competition. The consumers best friend is a competitive market. Our broadband market is not as competitive as it could be. So, one of the reasons you have an open internet role is to increase competition. One of the reason we turned down the comcast merger was to increase competition. One of the reasons that we have encouraged, we preempted states one of the things that the big providers were doing was going to state legislatures and getting them to pass laws that prohibited cities from building a competitive products if the people wanted them to. We said, no. That is anticompetitive. We preempted that. And we have a whole series of actions that are saying, how do we increase competition . The joke around the commission is that my mantra is competition, competition. Goal that we are working on. Charlie so, let me jump ahead to some mergers. So the comcast merger you said does not increase competition. Giants get together time warner and comcast. Tom we turned that down. At t came along buying directv, satellite company, you said that is fine. Tom because we put in the terms and conditions of that agreement competitiveo activities. For instance, at t is required Fiber Service, highspeed Fiber Service to 12. 5 million new american homes. That is a 40 increase in the number of homes reached by fiber. And guess theyll get faster service. Guess who they are competing with for that . Cable companies. We put in there some other rules to make sure that there was procompetition. Here is the key statistic. Of americans can access highspeed broadband services. 83 . But 2 3 of those can get it from only one company. So the goal is how do you facilitate competition, because competition drives prices down. Competition incentivizes better service. Repetition is the consumers friend. Charlie speaking of mergers, trying to understand how you approach these and how you make a judgment about competition, there was a merger between sprint and tmobile. Tom we actively discouraged that. That four wireless carriers is a good and vibrant market. If you were to take number three and number four and allow them to merge to go to three, that would have heard charlie it would have made them stronger and therefore be more competitive. Because there is a difference. The difference between those four. Three and four could combine and be more competitive, with one and two, why isnt that a good idea . Tom look at what tmobile has done since we did not allow them to merge. And they have become the most innovative, the most price competitive and theyre forcing the market to respond to them. Including sprint respond to them with good old american competition. That is what we were trying to stand for. Charlie let me talk about Something Else you row. We need to continue looking to the future and act now to facilitate the fifth generation of mobile technology. What is that . Now going to the fourth generation that you have seen in the ads called lte. Towardsw, were heading the fifth generation. It is going to be a new level of service. It will be different from what you are used to right now. The enablerwill be of what they call the internet of things. By 2020, there are going to be things,on connected everything from your washing machine to your trash can. Charlie from your cell phone, from your smartphone you can run everything picked tom and they will talk to each other. You will not even know it. But you need to have an infrastructure that has what the low latency,s cal call which means the internet could they interact quickly. You need to have spectrum. I leave from this to go to engaged ine were International Negotiations to make sure we have spectrum that is carbonized harmonized around the world for the next generation. Charlie we have not had that. We have not had harmonization with the rest of the world, have we . Tom for the most part, it is harmonized. That is how you drag down the cost of infrastructure. Is she has whitman been ceo ofhere. Hewlettpackard since 2011. It was created 75 years ago. For decades that lead in the business of selling computers and printers. The growth of Enterprise Services has forced hp to evolve. The company has reinvented itself with aspirations to capitalize in the pc and Networking Solutions arena. On sunday hp slit into two pieces. Hewlettpackard enterprise will sell computer service, data storage and consulting. Include printer. Welcome. This is the ad that was in yesterdays paper. The company that started Silicon Valley is making history again. So i want to talk about how you plan to make history. Tell me what happened to hewlettpackard. How did the company that bill hewlett and David Packard create, that was the admiration of the world, the company in terms of values, in terms of culture, in terms of success was looked on with huge admiration. Meg the last decade was a tough decade. I would actually chalk it up to ceomuch turnover at the level. When you have different strategies, it is hard on the company, particularly one as large as hp. Are turning as we a corner with people who been three or four years, youre starting to see it gel again. The route of the challenge was to many ceos. Charlie did it therefore miss huge opportunities that others saw . Meg absolutely it did. Mobile phones was an opportunity that hp missed. Charlie so did microsoft. Meg so did many others. But you know the Technology Business is incredibly dynamic. It is hard to catch every wave. Moreigger youar are the challenging it is. Part of this separation is about being more nimble, more focused on two entirely different market so that hp cannot miss the trends and can invent the trends. Charlie now you come along. How did they get you to do this . Because you have had a remarkable career. Venture intode a politics, which you said was a great learning experience, even though you lost spirit you learned how to communicate, you learned the demands of the modern world in terms of what we expect from people in the public eye, whether it is a ceo or the governor of california. You were on the board at hp. That is a board that has often been rancorous. Meg yeah. Charlie and they convince you to take over at ceo. Meg i will type out it happened because i had no intention of being the coe. He governors race in the fall of 2010. I was working on her family foundation. I was searching for the next thing. Youit is difficult when lose elections. As an aside, we should be grateful for people who run because it is really tough when you lose. Because it is like a person referendum, right . Charlie was a depressing to . Meg think about it, when you are part of a company, it is you and a company. When you run for public office, it is a vote on you. You feel rejected. It is very challenging. Charlie did you question your own abilities . Meg sure. Coulda, woulda shoulda. So, its february and i and at watching anernoon afternoon daytime talk show at four clock, and my husband comes home early from work. He walks in and he sees me in the family room at four clock watching an afternoon talk show and he goes this is not good. This is not good. You have got to pull your socks up. Just as if on cue that afternoon i got a call from an hp board member. Who said we are looking for new board members. It will be so much fun. We will sit on the tech committee. It is just in the neighborhood. It is the chance to reinvent a Silicon Valley icon. I said, what could go wrong . 12 minutes from my house. Im thinking, what could go wrong . It will be fun. And it became quite apparent soon that the company had a lot of challenges. And we as a board had to do the most difficult thing that a board does which is remove the ceo. That was in some ways the easy thing. The next is who is going to run hp . The board looked at me and i said, oh, no. We are definitely not doing this. Charlie been there, done that. Meg but over time, i began to feel, it matters what happens to hp. Hp is important to california and to the Tech Industry and important globally. We are often the largest private employer in many countries. Decided, ok, i will do the best i can and i will see if i can be helpful. Charlie you made the argument to you on a plane ride back from somewhere. Meg we had a Board Meeting on the east coast. On the way back, a number of them were persuasive and said, we need you to do this. It is an opportunity to make a big change to a company that is struggling. In the scale was interesting to me. Waslie the challenge interesting. The scale at which they existed was interesting. Meg you know me well enough to know i love a challenge. So they hooked me on the challenge. Ofrlie there are a lot people getting into the Enterprise Business from ibm to amazon to hewlettpackard at different levels. Why did you think you could win it that business . Meg first of all, hp inc. And hewlettpackard enterprises are quite different businesses. Different customers, different competitors, different cost structure. Charlie the same with amazon in terms of retail meg yes, but we had a company that needed to reinvent itself against it we just thought, lets separate these into two Different Company so we can focus on these two markets because hp inc. Has 13030 ises to 1 3 of their businesses to consumers. So, we thought lets get the really focused on the enterprise and what we can do for the t. P. Professionals i. Professionals and help them do a number of things that are top of mind to it every cio is thinking i have a legacy ip infrastructure be i have got to get to the new world order. I have to get to the new style of i. T. The cloud. I have got to be more agile. We are unique suited to help companies on that transformation because those big companies, they have got to keep running their legacy ip systems. Charlie who are your customers . App,cios and vp of operations for anywhere from small to very large companies. Remember, we have a very robust channel that helps serve our customers and we call them value added resellers. Toy will serve the small mediumsize customers with our services and software. Then we sell direct to the biggest customers. Charlie why did you decide to be the ceo of enterprise . Meg in some ways it would have been more natural for me to go to the part with the consumer because i have consumed i am a consumer technologist. I had a great executive who knew the pc business. He had run pcs and printers and asiapacific. We brought him back. He was doing a great job running at corporate. Ers i said, you are fantastic for this job. He is a young man. And i said, i will take the enterprise side. There is more work. I have become quite enamored with the enterprise side. I have to learn a lot about the enterprise side. Charlie why did you become a number . Enamoured . Meg i love disruption. Think about what i business has been through from mainframe to client servers, pc. S s. To web 1. 0, where i had a front seat at the revolution at ebay. From the first generation of the internet to web services. Now we are on the cusp of another huge change about whats possible for i. T. At a large company. Charlie and that is because of the cloud . Meg because of the cloud. Charlie when you are at princeton, would you imagine that you were a corporate manager . Meg no. I went to princeton as premed. So, but then charlie is that where you met your husband . He was at Harvard Medical School when i was at Harvard Business school. I took a lot of science courses at princeton for which im grateful, but decided there in a better fit for me business. I sold advertising for a magazine of princeton. And i thought selling advertising business is a like. Then i applied to harvard. Walked was it you into the office of the ceo and said, let me tell you what is wrong with the way you are running your business. You have no idea of how the employees think about you. Meg yes, i did. Can you imagine . I dont know what i was thinking. I was young and enthusiastic. The managing director he did. And he was an incredible mentor. He came on the board of ebay and was a big he might be one of the best strategists in america today. Business strategists. He was a huge help to me. Charlie what is the philosophy . People come to the door and say this is what you are not doing. This is what you do not perceive. This is an intervention. Meg i think sometimes, and i think all of us are guilty of this is you begin to drink your own koolaid. Youront see yourself and leadership style is it really is. A friendimes you need or someone who works for you or a colleague to say, do you see what you are doing here . Do you see what you are doing . Charlie was it the right idea to run for governor . Was that a mistake . Did somebody not come into you and say, this is a different game, a political gain . Meg they did say that. Charlie why did you ignore that . Meg for