Special Guests: Ken Langone - Home Depot Co-Founder
NEIL CAVUTO, HOST: Have you ever noticed these Occupy Wall Streeters? The latest indications are, despite Mayor Bloomberg's protest in Manhattan, that they are going to stay there, forever.
Indications are now they are asking their biggest supporters for winter coats and a lot more food. Ken Langone watching all of that, scratching his head. What do you make of it?
KEN LANGONE, HOME DEPOT CO-FOUNDER: Well, let's think of the sad side of it. Think of the waiters and waitresses and the clerks in the stores that have been laid off because the customers can't or won't go into the stores because of where the disturbances are or where the demonstrations are.
That's proof of trickle-down economics right there, a waitress -- one of the restaurant owners was talking about what it has done to him and his business. These aren't fat cats. These aren't people like I am. These are people that worked like hell from 7:00 in the morning to 10:00 or 11:00.
CAVUTO: So they're hurting them.
LANGONE: They're hurting them.
CAVUTO: But what are they angry about? When you see them, what do you think they're angry about?
LANGONE: Because I think they're failures. You want to know the truth? I think they're flops. I'll tell you something else. What are they really? They're children in adult's bodies is what they are.
CAVUTO: But they're saying guys like you have tilted the system, that is favoring the rich fat cats and not them.
LANGONE: Let me tell you.
CAVUTO: Now I said it. Now you're getting physical.
LANGONE: Talk about me. Anytime they want to put up what they have done for somebody else about what I've done for somebody else -- and I'm not talking about the money. I'm talking about the time. The thing that I have limited quantity of is time.
So when these people want to sit -- while they were down there, they could be volunteering to read to children in hospitals. They could be volunteering as teachers assistants in schools. There are so many things we need in America.
Guess what? They want to be miserable. They're acting miserable.
And they are miserable.
CAVUTO: But do you link them with any of these protest going on globally? The whole world just throwing up its arms?
LANGONE: We haven't got a monopoly on miserable people. They're all over. They're in pockets. The point is I'm saying you -- I look at guys like Stan Drunkenmiller and Paul Jones. I'm thinking to myself, do these people have any idea, not their wealth but their time?
Our charter school in Harlem meets at 7: 0 in the -- our board.
Stanley and I are there for every meeting. Mitch Kurtz, highly successful
guy from Young Rubica (ph), there.
CAVUTO: That doesn't get out. Does it bother you on a personal -- I know. I know. But on personal level, I've head from a lot of CEOs who say we're not going to help this president. We're not -- because he constantly vilifies us and we're not going to lift a finger. What do you think of that?
LANGONE: I'm not helping him. I am helping those kids up in Harlem who I want to have a life. I am helping the people that come into our hospitals.
CAVUTO: But are you bitter or at least angry when they say the only way to correct the selfish gap between the rich and poor is to tax guys like you more, because that is the only way to way to even the odds?
LANGONE: Tax me all you want. I would like to think, no matter what my net worth, I would still have the propensity, the compassion to want to do something to help people.
CAVUTO: Do you share Warren Buffett's guilt?
LANGONE: Not at all. Guilt? I'm proud.
CAVUTO: Warren Buffett is guilty that his secretary pays a higher rate than he does.
LANGONE: I'm not proud for me. I want to make this clear. If you gave me a week, and said you can talk nonstop for a week and name every single person that helped you in your life, I wouldn't have enough time. I am not a self-made man.
I've had help every step of the way. My wife, God bless her, encouraging me. My parents, friends -- when I was down, people saying to me, you're going to do better. When I'm up, sitting on me a little bit.
That helps too.
The point is I have everything this good life could give a human being. I'm blessed for it. Part of my way of being -- responding to that being blessed is to give back. So when this president sits and wants to talk about a fat cat, I want to know what he's done.
He is now 50. So he was 47 when he was president, and he was 42 when he was a community organizer or something about that? OK. I want to know what -- how he has reached out to help somebody less fortunate than him? I don't mean writing a check.
I don't give anything away when I give money away. You want to know why? Because I go without nothing. But when I take three hours out of a day and work on a charity, guess what, I'm giving up reading a book, making a deal, eating whatever it is, things I like to do. That is the essence.
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