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82 Scott McNealy co founded sun my purse is Microsystems becoming its CEO and helping the stock rise to stratospheric heights during the tech -- In 2009 son was sold Oracle for seven point four billion and today it's got is launching a new venture of mobile networking site called way it.
But with the soaring amount of red tape from government regulations can you create the same kind of value today in the high tech.
29 years ago Scott joins us now in an exclusive interview good to see -- Scott thanks for being in appreciate it.
Good to be here -- -- how are the challenges of creating a new enterprise today different from when He did it with sun 29 years ago.
Well and it certainly feels a little more complicated or certainly not gonna go off and do.
Hard engineering and hard manufacturing like we did that one in nine years ago we're doing social mobile lab.
Which unfortunately doesn't have the job creation potential that.
Son had -- one where we're 42500.
Employees and I think.
When I just four we sold Oracle we had done employed 235000.
Different folks -- Sun Microsystems.
I I am not sure that that way in my new company would ever get to that -- head count.
And nowadays you do have a lot more regulations are needed back -- right.
Well -- gods especially out here in California which is -- you know California might be the most.
Certainly chief executive magazine this CEOs of ranked at the dead last for the last few years in terms of business friendly climate we went to Colorado.
Just because California might be the worst place I can imagine to start a business very interest to -- why is it -- of war people haven't done what you're doing move out of state.
I don't know I senator lobby and I got the San Francisco business times there was an on the that's going to be a small newspaper but.
Anyhow it says.
A proposed amendment December Cisco's health -- ordinance is making services the small business owners feel -- it could be improved fatal to some and the -- owner David prince says this could really put us out of business I thought that was.
Rather appropriate it's there's.
-- -- environmental.
There are health care regulations are labor law they're all obscure they are all hard to follow.
And others trial lawyers ready to pounce on you.
At the drop of a hat you got outrageous income tax rates here.
States run and itself bankrupt.
It's it's it's pretty fascinating the the the regulations just to get a building permit is is is many many months or years.
Took me two years in about a million dollars at to get a building permits are here in California wonder why housing costs even in today's market -- our -- through the roof.
But the salamanders are safe if this.
Supplemented you know before we went on I asked if -- -- ready to go -- and of all why you are fired up by it does any of -- any -- your passion about this translate.
It has some thing when you talk to politicians say hey look we're we're shooting ourselves in a forty year.
Guys let's stop blaming the bankers the bankers are playing by the rules.
That congress set up Fannie Mae was not created by bankers it was created by congress that.
The problem and the problem is not the politicians if the voters who voted them in and so we've got nothing and nobody to blame but ourselves and if the voters who decide who are gonna create the rules by which our economy is gonna operate and you know what we don't have a shortage of jobs we have a shortage.
Of companies were willing to invest here to hire people and that's because of the rules of the game and people can go elsewhere.
China's not Megan is kinda rules.
Asia's nominating these -- rules and developing economies are.
Our where people are take.
Well John it makes me wonder and I don't want you to go but it makes me wonder why aren't you going to China.
Well right now were starting in a language I understand -- English so.
Yeah this is social networking are not there you gotta be a but again a lot of people are moving over there.
Does anybody get it Scott I mean are is is it possible that that election can fix these things.
I watched the debates last night and but Mitt Romney had as vice president and his cabinet in that room last night in and I think that group gets it as He knows the focus -- on jobs.
And job creation in getting everybody back to work you can't solve the social issues if you're economic.
Situation is in the hopper and what about on the state level.
Well let the states battle you know it -- have one state is is deciding to be.
Anti business at least you have choices easier to move across state lines and -- is across country lines that's right that's right Scott McNealy hey best of best of what they please come back and talk to us against Scott I'd appreciate if you work.
Everybody to -- check out weigh in it's a hot new thing we will check it out way and is the new project of Scott for nearly Scott thank you very much good to see it.
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