Stoppelman: Google Has a Lack of Focus

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Aug. 19 (Bloomberg) -- Jeremy Stoppelman, the cofounder and CEO of Yelp, talks about his company’s ability to focus on one problem versus Google, who has multiple things to focus on. (Source: Bloomberg)

This week, grover norquist talks about action.

Eric holder's big week and margaret carlson debate hillary clinton's charges of voter discrimination.

We begin the program with americans for tax reform president grover norquist.

Powerhouse in the republican party, as you know, the best -- the big fiscal showdowns are coming this fall.

You propose doing obamacare.

I talked to the white house and two democrats and they say no way.

It will never accept that.

If they stick to that position, what should the republican strategy be and does it include a hospital government shutdown?

Some people say that we should insist that obama signed the abolition of obamacare.

He also said they won't take a one-year delay.

Yet they have been delaying whole sections of it.

I think it will be increasingly difficult for the white house to say we have delayed it for our big business friends, for our insurance friends and for our inch -- are union friends.

They say they will not delay all of obamacare.

Do you think they will ultimately cave on that.

At the end of the day, yes.

It wouldn't be a complete embarrassment to say -- if they don't, with the republicans consider a complete government shutdown?

If he vetoes it, there will be a government shutdown?

I'm thinking there won't be a government shutdown just as there wasn't on sequester which was a much bigger deal.

There are only two pieces of legislation that must pass.

Everything else can sort of not happen.

Those are the things i have to have the house, senate and the president agreed.

They will try to stick some in it.

John mccain and lindsey graham charge the sequestration is literally affecting the ability to defend our nation and ought to be replaced by combination of other spending cuts and revenue increases if necessary.

The reason why the president of united states was willing to have sequestration as part of the budget deal was that he sees john mccain and lindsey graham on the tv shows and think they represent the modern republican party.

There are, in fact, maybe three people in the house and the senate to take that position, that you cannot ever reduce government defense spending -- you do not agree.

You think they are wrong when they say it affects the ability to defend the country.

This is a 10-year project, sequestration.

We can always move money around.

We should do that.

We're not going to undo the only budget restraint this country has.


To poke a hole in that would be a mistake.

It will not happen.

The house is not going to do it.

The senate is not going to do it.

I understand that some people like to say i care about defense, i will spend more money.

Democrats like to say i care about the welfare.

Spending more money on wealth or education doesn't buy you welfare.

You believe they are out of step with their party.


Let's turn to immigration.

You are a supporter of a comprehensive immigration bill and have been for a long time.

Let me get a prediction.

Put on that really good prediction hat.

Give me a prediction.

Will the house passed a bill that is including a pathway to citizenship?

Within the next nine to 12 months, i believe yes.

You will get a bill that has a serious border security, more serious and less expensive than the senate version, and that also has future flows, one of the problems that we had in 1986, which we did not make -- there was no way for high-tech people to come here, farm workers come here on a guest worker program.

We need that.

I think we will have expansion of what the senate agreed to.

That will have some legal status.

And a pathway to citizenship for 10,000,000 to 11,000,000 who have come here.

Do you think a majority of house republicans will support it?

At the end of the day, yes.

There will be moving parts in this legislation.

A lot of which conservatives can be very happy with.

I think at the end of the day, the pathway to citizenship for people who came here without papers is 10 to 15 years from now.

But you said nine to 12 months, so we're really talking about well into next year when it passes.

But this congress.

This congress.


what would be the consequences if they were to kill an immigration bill in the house?

There are several challenges.

The business community needs more high-tech workers.

The academic community, universities would like people to come here, study engineering, and then get green card to stay.

It brings more talent.

You do not think they are going to kill the bill?

If they did, would there be political implications?

I think it would be unwise for the modern republican party to come across as hostile to immigration.

That has been the losing position in american history for 200 years.

When we talk about america being built by immigrants, it is not something you say.

It is true.

It is who the country is.

Let me turn to 2016. you have spoken favorably about republican presidential hopefuls paul ryan, scott walker, and marco rubio.

Would you include new jersey governor chris christie?


He is a northeastern republican, he has taken on the teachers union and made clear he is not against education.

He has not signed your tax pledge.

He has not.he also hasn't supported a tax increase.

Would you think he needs to sign it?

Is that a requisite?

Anyone who wants to run as a republican running for president would make it clear to the american people one way or the other that they want to rein in spending, not raise taxes.

In order to win the nomination, i believe the have to make it a credible commitment.

You can do a number of ways.

The pledge is an obvious way to do it.

He has to pledge no tax increase.

That is probably the case.

Who looks like the most formidable to you?

For the first time in a long time, you have five or six republicans looking to run.

They have a good track record, they could raise the money to run nationally for many, many months.

It is not one of those things as where if you do not win in new hampshire you are finished.

What is one name that pops in your head?

There is not one, but scott walker.

He has done incredible things.

He has taken a blue state red, wisconsin.

He has taken on the labor union bosses.

He has cut spending.

You have paul ryan in a similar category.

I think paul ryan is more likely to stay in the house and pass the ryan budget.

He is young enough that he can run for president anytime in the next 20 years.

Grover norquist, you are young enough.

Thank you for being with us.

When we return, chaos in egypt.

Attorney general eric holder's big week.

Bloomberg reporters are next.

? welcome back.

The quiet days of august were shattered on both foreign and domestic policy fronts.

Responding to the egyptian crackdown on the muslim brotherhood, president obama canceled joint military operations with the egyptians.

Here to discuss that and john kerry is our diplomatic correspondent indira lakshmanan.

The attorney general had a burst of activity.

Antitrust, civil rights, and other issues.

Bloomberg news justice department reporter phil mattingly is here.

Indira, do we have any leverage with the egyptians?

That is the million dollar question.

Or i should say the 1.3 billion dollar question.

That is the reason the administration has gone through these rhetorical pretzels of not calling a coup a coup.

Because they want to keep open the aid that we have, which they claim give us leverage.

That goes to a lot of things like military intelligence cooperation protection.

Protection for the suez canal, protection for our embassies.

Those are things that the u.s. does not want to sacrifice.

At the same time, they -- the generals -- are clearly not listening to us.

They have more money from other people.

It makes a mockery of the rule of law when we say that we are not going to call it a coup.

It was a coup.

That is the argument of john mccain and other people.

So many democrats, as well, who have turned against what the administration policy is.

The issue here is the administration have come right out and basically said this is for the egyptian people to solve.

We cannot solve it for them.

They have said outright that the u.s. cannot solve the problem, but we still want to keep our hand in it, influence the course of hopefully returning to democracy.

You heard an anecdote today on the streets of washington.

Actually, on the streets of new york.

I was at penn station and getting food, an egyptian food truck guy told me oh, my god, my cousin was killed yesterday in egypt.

He said he had been shot in the head, and his cousin was not even a demonstrator, he was just walking in the street.

Over 600 dead.

It is a real tragedy.

We do not want it to be worse than what it replaced.

There are reports of a growing al qaeda presence in syria and elsewhere in the region.

That is right.

We had a really interesting conversation that i participated in with the iraqi foreign minister, hoshyar zebari.

Iraq is open to having u.s. cooperations surveillance, even drone strikes against al qaeda, in iraq because they feel the problem has been such a big thing for them.

This is a big thing if iraq is suddenly say we want u.s. drone strikes because of al qaeda.

Give me a quick assessment of seven months of john kerry.

A very active missing diplomat to be sure.-- a very activist diplomat to be sure.

How is he doing?

He has been pretty single- minded about wanting to get this mideast peace thing on track.

We can give him credit.

At least those talks have started again.

We do not know where they are going to go.

One thing he has accomplished is getting both sides to shut their mouths and not leak about what is going on.

That suggests there is something real beneath it.

He is earnest.

He is trying to do it.

He has had missteps.

Verbally, the way he has talked about the egyptian generals returning to democracy.

It has been a mixed bag.

But he is very earnest about diplomacy.

He is very smart, and he faces an awful lot of challenges.

It's true.

Phil, speaking of it, the attorney general is energized.

It seems that way.

The department that has had a bunker mentality.

It feels they are on the offense.

They feel good about what they have been able to do the last couple of weeks.

They sued texas on voting rights.

He had made a big announcement today, or this week, on prisons and is trying to reduce both costs and the prison population.

They feel like they are in a good spot in moving forward as opposed to just reflecting outward.

-- as opposed to just deflecting outrage.

Prison overpopulation and sentencing.

It is clearly a big problem.

Is there a prospect for getting anything done?

It looks like it has bipartisan support.

Which obviously is a rarity in this town on most things right now.

It is a coalition of people that get together that generally hate one another.

Rand paul saying he is a supporter of the administration and the attorney general.

It is conservative republicans, liberal democrats.

Two primary issues here.

Overpopulation and a morality issue.

Also a race issue but also a fiscal issue.

This is exploding costs and killing state budgets.

States are leading the way on this.

They are trying to work with red states like texas and arkansas.

How about voting rights?

Given the supreme court's recent decisions, doesn't holder face a huge uphill challenge in taking on those?

He does.

But this has also energized their voting section.

What he has done is made a constant effort to move resources and lawyers into the aspects for the voting rights act that had been maintained.

He has sued texas a couple of weeks ago.

You have seen what they have done in north carolina.

More restrictive voting laws.

They're looking at that right now.

There is the exultation that -- there is the expectation that there might be something there.

He may work harder and they might be more active because they do not have the reduction of the voting rights act.

The justice department the last minute intervene to challenge the american airlines- u.s. air merger.

Is that going to kill the merger?

Does it mark the beginning of a more aggressive antitrust policy?

There is a couple of schools of thought here.

Bill baer, the assistant attorney general who runs the antitrust division, has said that we clearly thinks this needs to be stopped.

We're are not doing this to negotiate.

That said, he's made it clear the doors open.

They do not have a plan in place.

They are welcome to hear the ideas.

Lawyers from both companies say they feel like they are optimistic it can still happen.

This beginning of a back-and- forth.

More aggressive antitrust?


Bill baer -- great reputation in washington.

One of the top most influential lawyers of the decade.

Was at the fcc for a long time.

In the 8 months since he's been the position, they have gone after apple.

They have been aggressive.


we have two aggressive reporters.

Phil, indira, thank you both for being with us.

When we return, what is next for president obama?

And margaret carlson and lanhee chen debate hillary clinton's claims of voter rights inequality.

Welcome back.

We will turn to margaret carlson and lanhee chen in a moment.

First, white house correspondent julianna goldman joins us to talk about what is ahead for president obama.

Let's look at the past week.

Was it a peaceful week?

We talk about the august surprise.

The president got a few surprises.

Egypt, and the security revelations.

The president of the united states has downtime, but he can never take time off from being president.

He learned the hard way in 2009. the underwear bomber, he waited a few days during his hawaii vacation to come out.

They couldn't risk that kind of perception problem again.

The nsa thing was an embarrassment.

They clearly violated more privacy of americans than even the president has led on.

It looks bad.

The president came out and said i know that i have in using the trust us argument.

But i have come around and said it is not just a matter for me to trust the program, we have got to have this public dialogue so that the public has more trust.

Now it has come out that people privacy rights were violated and the programs were not being run particularly efficiency, and kind of sloppily the idea that the nsa would confuse the country code of egypt with the area code of washington, d.c. it raises questions about what did the president know -- l.a. and -- yeah, what did he know when he made that statement last week.

They cannot get ahead of the story.

It always seems to get ahead of them.

I think they tried to get ahead of it last week.

If you look past the president word, he indicated he might have had a sense of this.

He took a look at the program and saw that some bolts needed to be tightened up.

Some programs we initiated needed additional oversight and reforms.

It is going to continue to raise questions.

I do not think there are any buses on the vineyard, but the president is going to hit the trailways when he gets back next week.

That is right.

He is getting back on the bus.

Having a bus tour around new york and pennsylvania.

The white house says that they will talk about his proposal for higher education and reducing college cost for students.

This isn't about a legislative agenda.

It is about teeing up the budget fight in the fall.

Setting up the argument that we really do not need to be having this -- we don't have to risk a shutdown, we do not have to risk a default over budget issues.

There are other issues we should invest in.

It is a prelude to fierce battles this fall.

Let me turn to margaret and lanhee.

Margaret, in a speech this week, hillary clinton said that anyone who claims that racial discrimination doesn't adversely affect latinos and african americans isn't paying attention.

Is she right?

She is so right.

She chose this subject as her maiden speech coming out in what some people think will be her run for the presidency.

This is a scourge on democracy.

How uneven the access to voting is in this country.

When you look at places where there are lines and where there are not.

Who gets a harassed at those polls.

There is a host of them.

All of this is the backdrop of republicans saying there is a phantom, fraud voter who has come to the polls, yet they do not come up with these voters who are falsely claiming identity and trying to vote.

We do not have chicago anymore.

Lanhee, voting fraud is a bogus issue isn't it?

No, it is not.

It is a serious issue in certain parts of the country.

It is something that states are trying to address.

Coming back to hillary clinton's speech, is it 2016 already?

It is clear she is trying to speak to a democratic audience to raise an issue.

To wave the bloody shirt of jim crow again.

This is hysterics that speak only to a presidential campaign, al.

I was in north carolina this week, and the voter law enacted down there seems clearly targeted to african americans.

All of the provisions disproportionally benefit african americans.

A couple of things about the north carolina law, really what it does is it brings north carolina in line with about 30 other states that require some form of government-issued id to vote.

It's is a commonsense idea.

I think that this is a commonsense reform.

Al, i think this is a commonsense reform.

I see democrats trying to turn this into a campaign issue.

It is not.

It is commonsense reform.

Commonsense reform, margaret?

Lanhee did not have instances of voter fraud.

He changed the subject.

There is such inequality.

There is one voting precinct so that there are 9000 people go into a voting place with 35 parking spaces, and by the way, at the universities, state- issued id is not enough, so they are trying to eliminate students.

There are all kinds of inequities being opposed by republican legislature.

-- being imposed by a republican legislature.

I think you are right.

Let me close on a personal note jack germond, who may have been america's greatest reporter, seemed to know every chairman in america, worked 12 to 14 hours a day covering politics, then drinking several martinis and several whiskeys with a huge slab of beef and a big baked potato.

Once at the wayfarer hotel, we kept him up until 2:30 in the morning, and he barely got up in time for a 7:00 a.m. press conference.

There was jack, in the front row, looking crisp and asking the best questions.

He died this week at 85. if there was a reporters hall of fame, jack germond would be the babe ruth.

Thank you all for joining us.

We will see you again next week.

"political capital" is a production of bloomberg television.

Red sox fans consider themselves a nation, and one has led their very successful administration.

We do not think you can take something from column a and apply it to situation b, or take something from situationb, and slather it on section range and -- situation c. this is boston.

This is different.

And he has missed the mark.

It is hard to find a ceo who has achieved more and broken more ground.

To think internationally.

The world according to larry.

This week on "spor tfolio." hello.

I am rick horrow, and welcome to the weekly inside look at the business of sports, and let's start this with a trivia question.

Who is the last to get multiple world series rings?

As far as we know, it it is larry lucchino.

After graduating from yell law school, he joined the law firm of williams and connolly.

He remained with the orioles and they both won world championships.

There was an intimate and downtown baseball park that went on to win in san diego, and they developed a plan for a another new stadium.

In 2001, he teamed up to by the boston red sox.

The team had eight decades without a world series final.

Three years later they were hoisting a trophy.

Over the last 12 seasons, the boston red sox have been one of the most successful, popular, and profitable franchises in sports.

Larry deserves a healthy share of the credit.

I sat down with him at fenway park to discuss the accomplishments, and the challenges that remain.

When you started with the red sox, 84 years without a world championship, and yet they have won two titles in 11 years.

What have you done basically strategically differently to succeed where others have not?

I would say we the-- we were thebeneficiary of those who were here before.we recognize that there was a special nature to the franchise.there was the passion, the fan base, the storybook history.

That was one of the factors, and we had a pretty good team in place.

We inherited some good people.

We made a couple of additional moves to bring that team to an even higher level.

Created the right kind of atmosphere in the clubhouse.

We made some changes at the ballpark, on the public side as well as the private side,and we got tremendous help from 2004.with the distortions -- the misfortunes we had hadmaybe the fates stand a ,thing or two of getting even with us.

You have something to do with it, and your vision is known worldwide.

Billy beane chose not to be the general manager.

You took an unknown kid, theo epstein, what lesson did that teach a ceo?

It taught me that there are several possibilities for most courses of action.

Second is that to take a chance on youth.

That example has been followed by a lot of teams.

The red sox production on the field was a triumph of execution.their performance has been one of vision.

Beginning with the development fenway park, they inherited a stating with few modern amenities.

Instead of treating it like a liability, they embraced it as a precious asset.

You come in with an ownership group here.

We understand that just can't happen here.

Is it genius?

Political necessity?

I think it is flexibility.

John henry, tom warner and i all had experience at other clubs.

And we came here we knew something of the reverence in which fenway park was held.

We also held high regard ourselves.

Every circumstance is different the lessons are that a franchise in one market is one thing.

A franchise in another is another.

To come to fenway park is to immediately stop and say this is fenway park.

This is boston.

This is different.

We approach it with that kind of flexibility.

We knew renovation of fenway park was a lot better and more likely than a complete re- creation of a new ballpark.

Assuming a new stadium might have been politically possible, did you leave money on the table by doing the renovation?

I do not think so.

I think we did the renovation the we want to run a franchise.

If we had put it in a 50,000 seat ballpark, the answer is obviously yes.

There's the possibility of more revenue.

From our point of view, we wanted a ballpark that was 37,000 -- something in that range.

The ambience on the field, and the attractiveness that we wanted.

Will fenway be the home for the red sox for the next 100 years?

I do not know about 100 years.

There are architects that tell us that what we have done is not just cosmetic.

We were able to reinforce very good bones.

What they have told us is that with proper maintenance, it can be good and solid and viable for the next 30 to 40 years.

The red sox won championships in 2004 and 2007. with those titles came increased expectations.

When the team parted ways with manager terry francona after the 2011 season, larry believed he had a leader that could help the sox regain their turned out to be a misstep.

Not everything has worked perfectly -- what have you learned about the decision to hire bobby valentine?

We have learned that the severity of difficulty, this is a business of performance.

You certainly don't blame the disappointment of 2012 on bobby valentine.

I have a great deal of respect and affection for bobby valentine.

The circumstances that he inherited here and the influence of events that came together, including the greatest barrage of injuries in red sox history, contributed to some of the problems.

We made a very good decision i think to hire john farrell this year.

I hope john will be here for a long time.and you will not be talking about managerial instability.

After years of consolidating gains, they are in the unfamiliar position of cutting their losses following a difficult 2012 season.

A streak of 820 sellouts at fenway park came to an end this april.

But the bond with the city and the fans transcends the team's position in the standings.

A bond that became clear following the tragic bombings on the day of the boston marathon.

Coming up, larry lucchino talks about the competition.

Has the battle with the evil empire been good for red sox business?

We have added some kerosene to the fire.

And an empire of his own to lead.

Fenway sports is taking the brand beyond baseball's traditional borders.

Stick with us.

More as "sportfolio" continues.? on christmas eve 2002, the yankees signed jose contreras to a four-year $32 million contract.

The red sox had offered the defector more than $20 million, and believe they had a deal before new york slept in and blew their bid out of the water.

Larry lucchino issued the following famous reaction.

"the evil empire extends its tentacles into the latin america." from 2001 to 2012, new york payroll soared 75%, while boston's rose by 60%. economics of the game have changed since the 2011 collective bargaining agreement.

It imposes significant luxury taxes on teams exceeding luxury thresholds.

I asked larry lucchino if the war between baseball's super powers has entered a new phase.

The evil empire can no longer sweep in and buy players.

There is a significant risk to mistakes.

Does that benefit the red sox?

Well, anything that affects the yankees in a profoundly significant way adversely certainly helps us.

They have been our rivals for decades, particularly in our decade or 12 years.

We've added some kerosene to the fire.

The relationship has been hot and heavy for a long time.

They have the largest market in the western world.

They exploit it quite well.

To the extent that they choose to operate it differently in the era is a matter that i leave to them.

We never take the yankees lightly.

We have great respect for the yankees.

But we sure love to finish ahead of them.

When kerosene is on the fire, and someone throws more kerosene it leads to a bigger fire.

And a fire that helps the competitive instincts that we all have.

Then the fundamental question about parity, everybody strives for parity.

Is a parity situation a baseball better for the game than a dynasty?

That is actually a very good question.

A hard question.

I think that everybody talks about competitive balance.

The commissioners have done a great job to increase competitive balance in the years.

It has been good for the game.

But i also believe that having some high-quality franchises in major markets with great histories and heritages is a good thing for the game.

When the red sox are good, it is good for the game of baseball.

There are teams like the dodgers, and the cubs, and the yankees, and the red sox, who have this historical and national draw and appeal.

I'm glad we have greater competitive balance, but i would love to be the team that sticks out.

The yankees may have the largest market on the western world, but the red sox have put together an impressive portfolio of their own.

An 80% share in the new england sports network, a nascar team, and a sports marketing and managing team that represents lebron james.among other clients.

As ceo of fenway sports and the red sox, his task is to make these properties fit together.

It is a business beyond baseball.

What are the obvious and less obvious synergies?

The obvious synergies, a lot of the appeal of sports properties comes from maximizing performance and maximizing your marketing efforts, and reaching out to fans, and having the sensibility to know how to touch fans.

And enhance their experience.

Albeit in different forms.

I think there is a general conceptual synergy.

In one of the things i hope we do be successful, we do not think that you can take everything from column a, and apply it to situation b. slavishly to situation c. i think that our approach has been to recognize individuality, so i don't think there is as much operational overlap as people might think.

The business itself has worked well for companies like coca-cola, different brands.

But synergistic work under one umbrella.

Is this an anomaly?

Is that the trend of the future?

Are we going to see more vertical integration?kind of like what ag does?

Kind of like what you do?

I don't know -- it is above my pay grade to predict that kind of integration across sports.

I would say that we are running the franchise with a focus on each individual.-- individually.

I have nothing to do really with the operation of the liverpool franchise.

That is something that is done by other people.

It does not involve the red sox personnel in any significant way.

I think that you do have to recognize the distinctiveness of these individual sports properties.

And not try to lump them together to achieve too many superficial -- what is the word?

Economies of scale.

The upside of revenues, television rights, other issues, how successful will this entity be in transporting that across the pond?but i do think, football, or soccer, as americans refer to it, it has a gigantic international upside to it.

That is going to happen.

What is more intriguing to me would be baseball's international development.i think that the extent that we can learn lessons from liverpool and what they do internationally, that can be very helpful to us.

Because the next dimension, the next chapter of baseball, growth is going to be international.i think it is as inevitable as tomorrow.

I do think it is incumbent upon groups like fenway sports group and other franchises to think internationally, and focus on doing what the soccer world has been doing for many years.

The value of the red sox franchise has risen from 256 million dollars in 1999 to 1.3 billion dollars today according to forbes.

It is a rate of appreciation of over 500%, higher than the yankees during the same period.

Coming up, why lucchino insists his team do good in addition to doing well.and how that is helping to heal a city in crisis.

It is an fundamental obligation of ownership to make this world a kinder and fairer, more humane place.

Can you answer our stumper?

Who is the only other president and ceo in baseball to win pennants with two different teams?

The answer when we come back.on "sportfolio.

" ? the answer to the stumper.

The only president and ceo in the history of baseball other than larry lucchino to win pennants with two different teams is larry macphail.

Larry lucchino has a history of philanthropy.

He has established charitable franchises.

Since april 15, when a pair of bombs injured people at the finish line of the boston marathon, he has come to an even more of an understanding that his team is the civic asset, with its ballpark as a rallying point.

The marathon issue, the marathon tragedy, it must have been one of the hardest things you came to grips with as an executive.

Was there a template for reacting to that?

There was no template for reacting to that.

We have done large celebrations and ceremonies, but this was different.

This was -- getting back to this notion of distinctiveness of events, this was a one-of-a-kind event that affected this town to its core.

We saw one element after another of boston community display its skills and display its consciousness.

Its conscience.

I should say.

And i think,we saw the marathon runners continuing to run after the finish line, right to the finish line to give blood.

We saw the first responders behave heroically.

We saw the business community come together with the one fund.

It was time for sports teams to step up and take our turn.

We had a chance to play a small role in the healing and the coming together of the community.

We have talked about the importance of certain ballparks as community arenas, gathering spots, and the impact they can have on the psychology of the town, on the connectedness of a town.

We are very pleased that the red sox were able to do some small thing to comfort the victims, and to bring the community together in some of the spirit that was put on at that tragedy.

The moral compass as it relates to a sports leader, you asked jason collins to throw out the first ball, and you have -- how important is it for you to do the right thing?

I think there is an obligation on behalf of all sports teams, so much attention and affection and support is offered to sports teams that they, like all businesses, should have a corporate responsibility, and do something to really show that connection is a two-way street.

I think it is a fundamental obligation to do things in this world to make it a kinder, fairer, more humane place.

We have the opportunity to do it.

We have an obligation to do it.

The question iscan we do it right, and can ,we do it well?will we fulfill that obligation?

I think if you look back at our record in boston, i think you will see that we have taken that obligation quite seriously.

With the red sox foundation and all that we have done, there is recognition of that opportunity.

In 2010, baseball recognized the red sox as the recipient of the commissioner's award for philanthropic excellence.

Larry lucchino hardly seems ready to ride into the sunset.

It does not stop others from considering his legacy.

John henry says he belongs in the hall of fame -- what does larry think about that?

I have had maybe one good, original idea in my career.

We wrap up "sportfolio" when we return.

Get "sportfolio" where you go on the bloomberg tv+ app for the ipad.? welcome back.

This spring, red sox owner john henry told "the boston herald" that based on his body of work in baseball, larry lucchino deserves election to the hall of fame.

I asked him how he would like to be remembered if he ends up with a plaque in cooperstown.

John henry says you should be in the hall of fame.

Henry and my mom used to say that.

We have heard a lot of people say that, and know it is going to be a plaque.

You started three organizations, you broke the curse in boston.

There is little room on that plaque.

What else is the plaque say?

I'm not going to go there and be so presumptuous to think that.

What i would like my obituary to say is that he was able to pull together some very good and talented people, a diverse group of people, and get that band to play together well.

I've had one good, original idea, and that was for camaden yards, the ballpark that brought back the sacraments of old-time baseball with modern amenities.

That was a great idea.

The other stuff as a result of the quality of the people who have been able to pull together and work together.

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