Page 19 - John Taft News Today : Breaking News, Live Updates & Top Stories | Vimarsana

good morning. dow 11,000. it's back, but are the bulls strong enough to kiept here? earnings season is open for play. alcoa throwing out the first pitch after the bell. and from washington to wall street, treasury secretary tim geithner says the country is at a defining moment for financial reform. as "squawk box" begins right now. good morning, everybody, and welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen. carl is on assignment today. he'll be back on friday. we've been keeping track on the markets and the dow rising above 11,000 once again. this is th...

In brazil what they would do is say, okay. john gets a fee for helping with our money. however, if e he behaves recklessly and loses all the money, the first money out will be john's car, john's house, which is the rule in brazil. meaning the ceo of the bank and the board of directors of the bank are personally liable in the event they mismanage the bank to the point of collapse. is that not the best mechanism to ensure aligned stewardship? >> no. i don't think that is. and i think that you're almost describing a different issue. you're describing the issue of coinvesting when somebody coinves...

York stock exchange, john taft. he has a new book out called "stewardship." it's out today. a fun fact. he's also the great grandson of president howard taft. so there's the picture. that's beautiful. no mustache? >> no mustache. and a little thinner waistline. >> so define for us your intent with this book. what's the culture that is necessary for stewardship to work the way its intended by groups of people assigning custody of thinker money or assets to another individual and that individual accumulating a disproportionate amount of power and influence, but providing a service with humility ...