WEBVTT - Melinda Gates

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<v Speaker 1>I'm juring Russa. We bring you another edition of Peer

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<v Speaker 1>to Peer Conversations with David Rubinstein from Bloomberg Television. This week,

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<v Speaker 1>David speaks with Gates Foundation co founder Melinda Gates about

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<v Speaker 1>inequality in the US. You have a new book called

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<v Speaker 1>The Moment of Lift. What is the moment of lift?

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<v Speaker 1>Referred to the phrase lift? Well, so for me, moment

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<v Speaker 1>of Lift. I grew up in the family in Dallas, Texas,

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<v Speaker 1>and my dad was an Apollo engineer on the Apollo missions.

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<v Speaker 1>And it was when we would go watch that rocket

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<v Speaker 1>launching and the Earth would be shaking and the rocket

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<v Speaker 1>was rumbling and it finally pushed against the forces of

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<v Speaker 1>gravity and went to the moon. To me, that's the

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<v Speaker 1>same thing I've seen with twenty years of work through

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<v Speaker 1>the Foundation for Women, that if we can help lift

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<v Speaker 1>up all women, we will change the world. But there's

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<v Speaker 1>a lot of forces pushing women down today. It's the

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<v Speaker 1>largest foundation in the world. It has assets of how

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<v Speaker 1>much now now we have assets of about fifty billion dollars.

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<v Speaker 1>You create the foundation from the wealth created by Mike

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<v Speaker 1>soft And then one day um Warren Buffett called you

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<v Speaker 1>and Bill and said, guess what, I don't know what

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<v Speaker 1>to do with my wealth, but I want to give

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<v Speaker 1>it to you because I like what you're doing. Is

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<v Speaker 1>that essentially it that's essentially at Warren's plan was that

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<v Speaker 1>his wife, Susie was very involved in philanthropy, and his

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<v Speaker 1>plan had been to give it away through the foundation

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<v Speaker 1>that he and she had, but she passed away early, unexpectedly,

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<v Speaker 1>and so then yes, he came in surprised. Bill and

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<v Speaker 1>I said that the vast majority would go through our foundation,

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<v Speaker 1>and then three that his children had, and the Susan T.

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<v Speaker 1>Buffett Foundation. So when somebody called you and said, guess

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<v Speaker 1>what I'm giving you fifty or sixty billion, you didn't expect?

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<v Speaker 1>What did you say? Thank you? Or I can't believe this,

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<v Speaker 1>or I can honestly tell you that. Bill and I

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<v Speaker 1>took a walk after that discussion and we were alone

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<v Speaker 1>and we both cried, and um, I think we cried,

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<v Speaker 1>both of us because to to know Warren's generosity and

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<v Speaker 1>that we would be able to do even so much

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<v Speaker 1>more than we were already doing for people around the world,

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<v Speaker 1>it was just unbelievably touch moment and touching moment of friendship. Okay,

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<v Speaker 1>so when you're doing the work of the foundation. The

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<v Speaker 1>two of you, you're going to substar in Africa, among

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<v Speaker 1>other places, a lot of travel. Eventually, you decided that

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<v Speaker 1>you wanted to focus a little bit more on women's issues,

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<v Speaker 1>and one of the first ones you thought about was contraception. Now,

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<v Speaker 1>you are a committed Catholic, and was it difficult for

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<v Speaker 1>you to say we should focus more of the foundation's

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<v Speaker 1>efforts on contraception. What was Bill's view? And did you

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<v Speaker 1>get a lot of flak from people in the Catholic hierarchy. Yeah.

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<v Speaker 1>So Bill was a hundred percent supportive of this decision,

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<v Speaker 1>and he knew that I had learned so much in

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<v Speaker 1>the developing world from talking to women. He knew I

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<v Speaker 1>had looked at the data, I looked at where we

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<v Speaker 1>didn't have data, and I was able to talk to

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<v Speaker 1>him about and he knew, this is the greatest anti

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<v Speaker 1>poverty tool. We have, the greatest and if you make

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<v Speaker 1>sure that women have access all over the world. Two

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<v Speaker 1>hundred million women were asking the world to have this tool,

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<v Speaker 1>and we weren't delivering it as a world. So I

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<v Speaker 1>knew when I decided to take this on that the

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<v Speaker 1>reason we weren't delivering. It was political controversy in our

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<v Speaker 1>own country and religious issues, so it was a difficult

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<v Speaker 1>decision for me because of my Catholic roots. I am

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<v Speaker 1>still Catholic. But when I met so many women around

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<v Speaker 1>the world and they would discuss with me that this

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<v Speaker 1>was literally a life and death crisis for them as

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<v Speaker 1>a mom. They would say, if I have another baby

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<v Speaker 1>too soon, I'll die in childbirth, or I have five children,

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<v Speaker 1>it's not fair to my last child or the others

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<v Speaker 1>to have another one when I can't feed them. And

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<v Speaker 1>so I had to wrestle with my Catholic faith and say,

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<v Speaker 1>what do I believe in. I believe in saving lives,

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<v Speaker 1>and so this was the right thing to do. And

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<v Speaker 1>did you find sometimes a woman would say, take my

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<v Speaker 1>child because I can't raise this child more than once.

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<v Speaker 1>So I wouldn't be often. I learned from Warren's wife, Susie,

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<v Speaker 1>as she told me early, if you can go in anonymously,

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<v Speaker 1>so I'll go in too many rural settings, a woman

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<v Speaker 1>from the west pair khaki pants and a T shirt.

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<v Speaker 1>I'll give you an example. I was in northern India

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<v Speaker 1>and I visited a health clinic. So I went into

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<v Speaker 1>a village to talk to a woman. And by the

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<v Speaker 1>time I was finished speaking with her, I asked her

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<v Speaker 1>kind of had one last question. I said, so, what

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<v Speaker 1>hope do you have? Her name was Mina. What hope

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<v Speaker 1>do you have? And she looked down for a long time.

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<v Speaker 1>She cast her eyes down. I thought, oh, no, I've

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<v Speaker 1>asked something inappropriate, and she finally looked up at me

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<v Speaker 1>and she said, the truth is, I have no hope.

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<v Speaker 1>I have no hope for feeding this child or that one,

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<v Speaker 1>or educating them. Please take them home with you. And

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<v Speaker 1>when that happens, it was not the first time it

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<v Speaker 1>had happened to me. It is heartbreaking to see a

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<v Speaker 1>woman who loves her clearly loves her sons that much,

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<v Speaker 1>but to know they would be better off going home

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<v Speaker 1>with a stranger. That's heartbreaking. And that's the story of women, many,

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<v Speaker 1>many women and families around the world. So annually you

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<v Speaker 1>have a letter that is written to the Foundation by

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<v Speaker 1>the Foundation heads you and Bill. Originally was written by Bill.

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<v Speaker 1>And then when you said Bill, I want to get

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<v Speaker 1>some of the women's issues in what did he say? Yes? So,

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<v Speaker 1>first of all, the idea for the annual letter came

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<v Speaker 1>from Warren and Bill and I both thought that was

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<v Speaker 1>a really good idea. However, we had three very young

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<v Speaker 1>children at the time, and I was on several boards

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<v Speaker 1>and working at the foundation as an executive, and I said, Bill,

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<v Speaker 1>I don't have time to put pen to paper. I

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<v Speaker 1>just can't do it. And Bill said that's okay, I'll

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<v Speaker 1>do it. And so Bill started writing it and he

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<v Speaker 1>did a great job, but he got very used to

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<v Speaker 1>writing it alone. So when this contraceptive initiative that I

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<v Speaker 1>was leading came out, I said Bill, I really want

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<v Speaker 1>to write about this in the annual letter. And he

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<v Speaker 1>felt like the annual letter was going quite well from

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<v Speaker 1>his perspective, and so we had some difficult discussions at home,

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<v Speaker 1>and I finally wrote a sidebar in the annual letter.

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<v Speaker 1>The next year, we discussed it again before penn was

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<v Speaker 1>put to paper, um and I wrote a piece of

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<v Speaker 1>the annual letter about a third and the next year

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<v Speaker 1>we had another discussion and I wrote half, and now

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<v Speaker 1>I always write half of the annual letter. We have

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<v Speaker 1>to sometimes have those uncomfortable conversations. Bill and I believe

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<v Speaker 1>in equality, but did we really have it in our voice?

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<v Speaker 1>Not yet, And so we've worked on that systematically over time,

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<v Speaker 1>and now I can tell you my husband is a

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<v Speaker 1>hundred percent committed to making sure I have my voice

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<v Speaker 1>fully in the world. Okay, so, like most married couples,

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<v Speaker 1>you have disagreements from time to time. Sure, sure, I

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<v Speaker 1>think every marriage does, and I think I believe in

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<v Speaker 1>marriage you should have a little bit of healthy grist

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<v Speaker 1>because that's how you move forward. Let's talk about your

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<v Speaker 1>beginning of your life. You grew up in Dallas, and

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<v Speaker 1>you went on all girls Catholic school and you went

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<v Speaker 1>to Duke. Did you where else did you think of going? Well? Actually,

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<v Speaker 1>the first place I thought I wanted to go it

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<v Speaker 1>was Notre Dame because many of my girlfriends in high

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<v Speaker 1>school's dad's had gone there. But when I went my

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<v Speaker 1>dad and I went to visit Notre Dame, they were

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<v Speaker 1>phasing out computer science. They thought it was a fat

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<v Speaker 1>I knew I wanted to study computer science in college.

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<v Speaker 1>Then I saw Duke. They just had a big aunt

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<v Speaker 1>from IBM too great computer Labs, and I said, this

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<v Speaker 1>is where I'm going. You were not on the basketball team, right,

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<v Speaker 1>everybody Duke doesn't play basketball, and not everybody I went

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<v Speaker 1>to the games, though I love them and you point

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<v Speaker 1>out in your book that interestingly, women were more involved

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<v Speaker 1>in computer science years ago than maybe today. Why was that. Yes,

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<v Speaker 1>So at the time I was in college in the

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<v Speaker 1>late nineteen eighties, we had about thirty seven percent of

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<v Speaker 1>college undergrads and computer science for women. So we were

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<v Speaker 1>on our way up, we thought, like law and medicine,

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<v Speaker 1>and that has since dropped down about seventeen or eighteen percent.

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<v Speaker 1>Now it's on a slight uptick to nineteen percent. We

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<v Speaker 1>don't actually know why women have dropped out of computer science,

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<v Speaker 1>but there's some theories looking at the data we do have,

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<v Speaker 1>and that is that personal computers were really promoted to

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<v Speaker 1>boys as a home gaming device, and women and girls

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<v Speaker 1>said I'm out, and then it became this self referential circle.

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<v Speaker 1>You want a special program was a five year program

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<v Speaker 1>where you get an undergraduate degree and an m b

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<v Speaker 1>a R. So for five years you have your degree,

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<v Speaker 1>are about to have your degree. So you were interviewing

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<v Speaker 1>at computer company. So there was a small company that

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<v Speaker 1>was interviewed, I guess at Duke as well, called Microsoft.

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<v Speaker 1>I was part of the first hiring class of MBAs

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<v Speaker 1>at Microsoft, and uh, there were nine men and me.

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<v Speaker 1>So you go to Microsoft and as it as good

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<v Speaker 1>as you think, well, we were changing the world. I

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<v Speaker 1>loved that. I love the innovative nature. I love creating products.

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<v Speaker 1>I did consider leaving Microsoft, though, within about two years,

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<v Speaker 1>because I was um the culture was abrasive, quite honestly,

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<v Speaker 1>and um, I didn't and I could play that game.

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<v Speaker 1>I knew how to do the debate. I knew how

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<v Speaker 1>to stand up for my idea, stand up for my

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<v Speaker 1>team's ideas. But I didn't like myself and I didn't

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<v Speaker 1>like how I was treating other people when I go

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<v Speaker 1>to the grocery store out in the world or interact

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<v Speaker 1>with other people. And so I thought about leaving. And

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<v Speaker 1>then I thought, no, I'm just I don't think this

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<v Speaker 1>will work. But I'll try being myself in this culture

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<v Speaker 1>and just see if it works, and if not, I'll

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<v Speaker 1>go take some other job. And um, I started to

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<v Speaker 1>be myself and I started to build teams that were

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<v Speaker 1>collaborative and that worked together more and we're less abrasive.

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<v Speaker 1>And uh, it turned out I could recruit people from

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<v Speaker 1>all over the company, to my surprise, to work on

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<v Speaker 1>these teams. So when did you first meet Bill So?

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<v Speaker 1>I actually first met Bill So three weeks into my job.

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<v Speaker 1>I'd never been to New York City. I never hailed

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<v Speaker 1>a cab. Microsoft sent me to New York for a

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<v Speaker 1>business meeting. And so my female roommate. Microsoft used to

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<v Speaker 1>make you have another roommate when you went traveling on

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<v Speaker 1>the road. My female roommate said, hey, women, you're done

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<v Speaker 1>with your business meeting across town, why don't you come

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<v Speaker 1>to this dinner? And I said, great, came from across town,

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<v Speaker 1>sat down at a dinner. There were two chairs open

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<v Speaker 1>because I came late from this meeting h that I

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<v Speaker 1>was at, and um, I sat down. Next year was empty.

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<v Speaker 1>Ten minutes later, Bill came in, sat down next to me.

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<v Speaker 1>And so that's when I first met Bill, about three

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<v Speaker 1>weeks into the job, and he said, wow, how about

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<v Speaker 1>getting to know me better? He didn't say that. Then,

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<v Speaker 1>he sort of said, A bunch of us are going

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<v Speaker 1>out dancing tonight. Why don't you come? And I said, well,

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<v Speaker 1>I actually have some other plans from somebody I knew

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<v Speaker 1>from business school tonight. Um. And then back at Microsoft

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<v Speaker 1>a few months later. Everybody back then used to work

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<v Speaker 1>late on Friday nights, quite late on Saturday. You'd worked

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<v Speaker 1>all about three or four o'clock and so, um, my

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<v Speaker 1>car was part next to his in a parking lot

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<v Speaker 1>and he struck up a conversation and we talked for

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<v Speaker 1>a while and then he said, um. He asked me

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<v Speaker 1>if I would go out with him eventually too. This

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<v Speaker 1>was Saturday, two weeks from Friday night, and I said,

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<v Speaker 1>two weeks from Friday night. Like I was twenty two

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<v Speaker 1>years old, you know. I was like, I have no

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<v Speaker 1>idea what I'm doing two weeks from Friday night. I said,

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<v Speaker 1>that's not quite spontaneous enough for me, and he said, okay,

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<v Speaker 1>well you give me Can I take your phone number?

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<v Speaker 1>So he did called me about an hour later at

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<v Speaker 1>my apartment and said, well, is this spontaneous enough for you?

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<v Speaker 1>How about tonight? But then he said, but I have

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<v Speaker 1>a user group meeting and a dinner I have to

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<v Speaker 1>go to. So how about a glass of wine downtown?

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<v Speaker 1>I thought a user group meeting on a Saturday night,

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<v Speaker 1>but I agreed to me him for a glass of wine.

0:11:01.200 --> 0:11:03.080
<v Speaker 1>That was our first date. And was it hard to

0:11:03.080 --> 0:11:05.760
<v Speaker 1>work at the company while people knew that you were

0:11:05.840 --> 0:11:10.840
<v Speaker 1>dating the CEO founder? Yeah? So I um, so the

0:11:10.920 --> 0:11:12.600
<v Speaker 1>first date with Bill, I thought I would go out

0:11:12.600 --> 0:11:15.040
<v Speaker 1>with him once, maybe twice, and I just thought, well,

0:11:15.080 --> 0:11:17.280
<v Speaker 1>he'd be interesting. Obviously, he's running this company that's doing

0:11:17.280 --> 0:11:19.680
<v Speaker 1>all these amazing things in the world. Then when I

0:11:19.720 --> 0:11:21.520
<v Speaker 1>realized we were going to start dating more after the

0:11:21.520 --> 0:11:23.640
<v Speaker 1>first two dates, I thought, this is tricky and I'm

0:11:23.679 --> 0:11:25.160
<v Speaker 1>not sure I want to do this, because I had

0:11:25.200 --> 0:11:27.959
<v Speaker 1>worked really hard, I mean computer science to get my

0:11:28.080 --> 0:11:31.160
<v Speaker 1>m b A. I studied economics, and I thought this,

0:11:31.400 --> 0:11:33.240
<v Speaker 1>I'm not sure this is going to go well for me.

0:11:33.280 --> 0:11:35.360
<v Speaker 1>And I remember talking to my parents on the phone,

0:11:35.400 --> 0:11:38.520
<v Speaker 1>particularly my mom. She's like, this is not a good idea,

0:11:39.040 --> 0:11:41.720
<v Speaker 1>and I said, yeah, but he's really interesting and he

0:11:41.800 --> 0:11:43.719
<v Speaker 1>actually has a big heart that I think a lot

0:11:43.760 --> 0:11:46.000
<v Speaker 1>of people don't see, and I don't know why. I've

0:11:46.000 --> 0:11:48.760
<v Speaker 1>sort of gotten to see that side of him. And

0:11:48.880 --> 0:11:51.120
<v Speaker 1>so what I decided to do was that, um, I

0:11:51.160 --> 0:11:53.080
<v Speaker 1>would date him, but I made it known in the company.

0:11:53.120 --> 0:11:55.240
<v Speaker 1>I didn't try to hide it, and I made it

0:11:55.360 --> 0:11:58.080
<v Speaker 1>incredibly clear to the teams that I was managing, that

0:11:58.120 --> 0:12:00.600
<v Speaker 1>I had these very bright lines, and that I did

0:12:00.720 --> 0:12:03.320
<v Speaker 1>not go home from Microsoft and talked to Bill about

0:12:03.360 --> 0:12:06.320
<v Speaker 1>work because I'm preparing teams to go into meetings with

0:12:06.360 --> 0:12:09.880
<v Speaker 1>senior leadership, including Bill, and they're nervous, right, and I'm

0:12:09.920 --> 0:12:12.800
<v Speaker 1>having to prepare them, prepare myself. And the last thing

0:12:12.840 --> 0:12:14.880
<v Speaker 1>I could do is go home and talk to him.

0:12:15.320 --> 0:12:17.280
<v Speaker 1>They had to know I had their their back in

0:12:17.320 --> 0:12:19.920
<v Speaker 1>the meeting, and so I just had to have very

0:12:19.920 --> 0:12:22.319
<v Speaker 1>bright lines around that and we made that work. Not

0:12:22.440 --> 0:12:24.640
<v Speaker 1>worked out, it did work out. It's hard to believe

0:12:24.640 --> 0:12:26.439
<v Speaker 1>that in the first night that you met him that

0:12:26.720 --> 0:12:28.560
<v Speaker 1>I can't see Bill going out and being a dancer.

0:12:28.679 --> 0:12:30.560
<v Speaker 1>Is he a big dancer. I wouldn't have pictured he'd

0:12:30.559 --> 0:12:35.200
<v Speaker 1>be going out dancing at night. He likes to. Okay, okay,

0:12:35.600 --> 0:12:37.680
<v Speaker 1>you decided when your children came that you wanted to

0:12:37.679 --> 0:12:40.200
<v Speaker 1>spend more time with them, and you you left Microsoft.

0:12:40.400 --> 0:12:43.080
<v Speaker 1>I surprised Bill and told him I wanted to leave Microsoft, Yes,

0:12:43.160 --> 0:12:47.319
<v Speaker 1>And his reaction was really because he knew I loved

0:12:47.360 --> 0:12:49.960
<v Speaker 1>working and I loved working at Microsoft, and he also

0:12:50.080 --> 0:12:53.000
<v Speaker 1>knew I had that piece of my brain that love

0:12:53.120 --> 0:12:55.320
<v Speaker 1>to be be on the working side. So he was

0:12:55.400 --> 0:12:57.600
<v Speaker 1>quite surprised when I told him I was going to leave.

0:12:57.840 --> 0:13:00.360
<v Speaker 1>Did you then go to the foundation full time after

0:13:00.400 --> 0:13:02.840
<v Speaker 1>your children were a little bit older. My whole issue

0:13:02.840 --> 0:13:04.319
<v Speaker 1>about how much I was going to work at the

0:13:04.360 --> 0:13:07.040
<v Speaker 1>foundation is. I had it timed for when our kids

0:13:07.080 --> 0:13:10.280
<v Speaker 1>would get older, so I knew until our last daughter

0:13:10.440 --> 0:13:13.000
<v Speaker 1>went off to preschool, I was not going to be

0:13:13.080 --> 0:13:15.120
<v Speaker 1>full time. Once I knew she was going to be

0:13:15.200 --> 0:13:17.720
<v Speaker 1>in preschool, my plan always then was to work full time.

0:13:17.840 --> 0:13:22.120
<v Speaker 1>Let's talk about the issues of women in Subhan Africa

0:13:22.200 --> 0:13:23.600
<v Speaker 1>and some of the other things you would address in

0:13:23.600 --> 0:13:26.200
<v Speaker 1>your book. You point out that in sub Saharan Africa

0:13:26.240 --> 0:13:30.920
<v Speaker 1>and other places, there are child marriages. Women are forced

0:13:30.920 --> 0:13:34.720
<v Speaker 1>to marry at six, seven, eight years old. Why is

0:13:34.800 --> 0:13:37.199
<v Speaker 1>why does that happen? Quite often a family will marry

0:13:37.200 --> 0:13:40.160
<v Speaker 1>their daughter off because one, they then don't have to

0:13:40.240 --> 0:13:43.520
<v Speaker 1>feed her, so that's less resources from their family, and

0:13:43.600 --> 0:13:46.880
<v Speaker 1>two they also want to protect the family's honors and

0:13:47.320 --> 0:13:50.480
<v Speaker 1>um that is a cultural barrier that is horrible for

0:13:50.559 --> 0:13:53.960
<v Speaker 1>girls because they then often don't go to secondary school,

0:13:54.040 --> 0:13:56.920
<v Speaker 1>or if they're in secondary school, um, they're pulled out

0:13:56.920 --> 0:13:59.840
<v Speaker 1>of school, their moved to a village often where they

0:14:00.000 --> 0:14:02.440
<v Speaker 1>oh no one, it's not even close to their home.

0:14:03.080 --> 0:14:06.240
<v Speaker 1>It's a horrific thing for a girl. She basically becomes

0:14:06.679 --> 0:14:09.679
<v Speaker 1>the property of her husband's family or her mother in law.

0:14:09.800 --> 0:14:11.880
<v Speaker 1>So what have you tried to do to prevent some

0:14:12.000 --> 0:14:14.880
<v Speaker 1>of this occur. The only way you can overcome cultural

0:14:14.920 --> 0:14:18.720
<v Speaker 1>barriers is first you going in very sensitive ways with partners,

0:14:18.760 --> 0:14:22.160
<v Speaker 1>but then the community has to commit to it. Another

0:14:22.200 --> 0:14:25.640
<v Speaker 1>area you talked about in the book is a situation

0:14:25.680 --> 0:14:31.080
<v Speaker 1>where you have female cutting, genital cutting. What is the

0:14:31.120 --> 0:14:33.640
<v Speaker 1>purpose of that and how frequent is that done with

0:14:33.720 --> 0:14:38.640
<v Speaker 1>young women around the world. That is still a tradition,

0:14:39.200 --> 0:14:42.120
<v Speaker 1>particularly in a lot of northern Africa, and it is

0:14:42.560 --> 0:14:46.400
<v Speaker 1>horrific for a young girl. Young girls bleed to death.

0:14:46.560 --> 0:14:50.760
<v Speaker 1>It is trauma, a traumatic event in their lives. Villagers

0:14:50.800 --> 0:14:53.120
<v Speaker 1>do it for different reason. They believe it protects the

0:14:53.160 --> 0:14:57.120
<v Speaker 1>girl's honor. They believe that they if they love their daughter,

0:14:57.200 --> 0:15:00.160
<v Speaker 1>they will do it. But what I have known is

0:15:00.200 --> 0:15:03.920
<v Speaker 1>that when education comes in. I talked to um, a

0:15:04.000 --> 0:15:06.880
<v Speaker 1>village leader and elder, and a group of women who

0:15:06.960 --> 0:15:08.840
<v Speaker 1>used to cut their daughters and no longer do. In

0:15:08.880 --> 0:15:11.400
<v Speaker 1>a group of women who are the cutters who no

0:15:11.480 --> 0:15:14.120
<v Speaker 1>longer do, and they said, you know, when people bring

0:15:14.120 --> 0:15:18.080
<v Speaker 1>in education from outside and they talk to us about things,

0:15:18.120 --> 0:15:20.280
<v Speaker 1>how people view this in other places in the world,

0:15:20.400 --> 0:15:22.680
<v Speaker 1>it starts to change our mind and we start to

0:15:22.760 --> 0:15:27.120
<v Speaker 1>question our past and then we create change. Another one

0:15:27.200 --> 0:15:30.880
<v Speaker 1>you talk about is abusive relationships, and husbands are very

0:15:30.880 --> 0:15:34.000
<v Speaker 1>abusive to their spouses in many different ways. And you

0:15:34.080 --> 0:15:35.720
<v Speaker 1>point out in the book and must have been difficult

0:15:35.760 --> 0:15:37.800
<v Speaker 1>to write about this, and you had an abusive relationship

0:15:37.920 --> 0:15:40.840
<v Speaker 1>as well before you were married. Yeah. So the reason

0:15:40.880 --> 0:15:42.760
<v Speaker 1>I even write a page in the book about having

0:15:42.800 --> 0:15:46.240
<v Speaker 1>been in an abusive relationship is that I want people

0:15:46.240 --> 0:15:50.600
<v Speaker 1>to know it can happen to anyone. UM. Its silences

0:15:50.640 --> 0:15:53.480
<v Speaker 1>your voice. It is a way of silencing a woman's

0:15:53.560 --> 0:15:56.640
<v Speaker 1>voice in a marriage, or in her workplace or her community.

0:15:57.120 --> 0:16:01.080
<v Speaker 1>And for me, I lost my self confidence. And millions

0:16:01.120 --> 0:16:05.520
<v Speaker 1>of women are being either harassed or abused UM in

0:16:05.560 --> 0:16:09.200
<v Speaker 1>all kinds of places. And again it's silence as women.

0:16:09.520 --> 0:16:12.480
<v Speaker 1>And so we have to talk about this barrier and

0:16:12.480 --> 0:16:14.360
<v Speaker 1>we have to lift it up. And what we can

0:16:14.400 --> 0:16:17.200
<v Speaker 1>do is collect data about it. The world doesn't actually

0:16:17.240 --> 0:16:20.160
<v Speaker 1>collect data on abuse, and then we can go in

0:16:20.360 --> 0:16:23.760
<v Speaker 1>and name it and recognize it and all commit to

0:16:23.880 --> 0:16:28.440
<v Speaker 1>changing it everywhere in the world. Now, a few years ago, you,

0:16:28.680 --> 0:16:32.360
<v Speaker 1>Bill and Warren decided to launch the Giving Pledge. Now,

0:16:32.400 --> 0:16:34.360
<v Speaker 1>what was the purpose of the Giving Pledge? And how

0:16:34.360 --> 0:16:37.440
<v Speaker 1>many people have now signed it. Yes. So the purpose

0:16:37.840 --> 0:16:40.560
<v Speaker 1>this was Warren's big idea, which was the Giving Pledge,

0:16:40.640 --> 0:16:42.960
<v Speaker 1>was to say, if you have great wealth, if you're

0:16:43.000 --> 0:16:46.320
<v Speaker 1>a billionaire in our country or anywhere in the world,

0:16:46.520 --> 0:16:48.680
<v Speaker 1>you can afford to give half away, and that is

0:16:48.720 --> 0:16:52.120
<v Speaker 1>the right thing for society. Bill and Warren are really

0:16:52.160 --> 0:16:54.720
<v Speaker 1>clear that they could not have founded their businesses if

0:16:54.760 --> 0:16:58.960
<v Speaker 1>it had been saying Malawi or Mozambique. And so we

0:16:59.080 --> 0:17:02.920
<v Speaker 1>benefit from what society gives us the infrastructure, and so

0:17:03.040 --> 0:17:05.920
<v Speaker 1>those resources at least have should go back to society.

0:17:05.960 --> 0:17:07.919
<v Speaker 1>You've been a big help to us in this, David.

0:17:08.160 --> 0:17:10.480
<v Speaker 1>We now have a hundred and ninety families who have

0:17:10.520 --> 0:17:12.959
<v Speaker 1>committed to the Giving Pledge and twenty two different countries

0:17:13.000 --> 0:17:15.440
<v Speaker 1>around the world. There's a bit of a reaction against

0:17:15.600 --> 0:17:18.080
<v Speaker 1>wealthy people saying, let's put our money here, put our

0:17:18.119 --> 0:17:20.720
<v Speaker 1>money there. How do you respond to that? I think

0:17:21.119 --> 0:17:24.480
<v Speaker 1>so what I know to be true is that Bill

0:17:24.560 --> 0:17:26.880
<v Speaker 1>and Warren and I believe that we should not have

0:17:26.960 --> 0:17:30.000
<v Speaker 1>this inequity that exists in the United States. We need

0:17:30.080 --> 0:17:33.639
<v Speaker 1>to do something about that. But we we are lucky.

0:17:33.720 --> 0:17:36.560
<v Speaker 1>I meet so many people around the world who would

0:17:36.600 --> 0:17:38.840
<v Speaker 1>like to live in our country. Who would like to

0:17:38.840 --> 0:17:42.000
<v Speaker 1>live in our democracy, in our capitalistic system, but we

0:17:42.080 --> 0:17:43.880
<v Speaker 1>do have gaps in it and we need to do

0:17:44.000 --> 0:17:46.960
<v Speaker 1>things to fix those gaps. The thing that Bill and

0:17:47.000 --> 0:17:49.719
<v Speaker 1>I try to be most cognitizant of is what's the

0:17:49.840 --> 0:17:54.479
<v Speaker 1>role of philanthropy. All philanthropy can be is that catalytic wedge.

0:17:54.840 --> 0:17:57.640
<v Speaker 1>We can try things, we can experiment with our own

0:17:57.680 --> 0:18:00.240
<v Speaker 1>money where you wouldn't want a government to expaire with

0:18:00.320 --> 0:18:03.080
<v Speaker 1>taxpayer money, but then we have to prove it out

0:18:03.160 --> 0:18:05.440
<v Speaker 1>and then it's up to government to scale up. So

0:18:05.760 --> 0:18:10.520
<v Speaker 1>we feel that philanthropy with government, with a private sector,

0:18:10.640 --> 0:18:13.920
<v Speaker 1>with a non governmental organization, that that set of partnerships

0:18:13.920 --> 0:18:16.840
<v Speaker 1>in that ecosystem can do the best for the world.

0:18:17.080 --> 0:18:19.159
<v Speaker 1>So many people are probably wondering what it's like to

0:18:19.200 --> 0:18:22.760
<v Speaker 1>be for quite some time the richest couple in the world. Um,

0:18:22.960 --> 0:18:24.359
<v Speaker 1>is it make it possible for you to go to

0:18:24.400 --> 0:18:26.680
<v Speaker 1>a restaurant? Can you go to a movie? Well, first

0:18:26.720 --> 0:18:30.239
<v Speaker 1>of all, we are incredibly privileged and lucky to have

0:18:30.240 --> 0:18:33.560
<v Speaker 1>the resources we have from Microsoft that is that full stop.

0:18:34.160 --> 0:18:36.520
<v Speaker 1>We do give up some privacy by having that, but

0:18:36.560 --> 0:18:40.960
<v Speaker 1>I have to say most people are incredibly respectful Seattle

0:18:41.040 --> 0:18:43.120
<v Speaker 1>is a lovely place to live. They'll grow up there,

0:18:43.440 --> 0:18:45.480
<v Speaker 1>and so the people who come up it's more because

0:18:45.520 --> 0:18:49.120
<v Speaker 1>they're proud of what he's built with Microsoft and that's

0:18:49.160 --> 0:18:51.639
<v Speaker 1>being carried on or what we're doing with the Foundation.

0:18:52.160 --> 0:18:54.240
<v Speaker 1>So I we try to look at those. I try

0:18:54.240 --> 0:18:56.479
<v Speaker 1>to look at those as moments of grace, and we

0:18:56.560 --> 0:18:58.359
<v Speaker 1>try to be out in the world. Bill and I

0:18:58.400 --> 0:19:00.359
<v Speaker 1>still love to go out to movie as we like

0:19:00.400 --> 0:19:02.960
<v Speaker 1>to go out to restaurants. So you told me a

0:19:03.040 --> 0:19:05.000
<v Speaker 1>couple of stories about your life together, and I might

0:19:05.080 --> 0:19:07.200
<v Speaker 1>ask you about them. Um. You told me once when

0:19:07.240 --> 0:19:10.560
<v Speaker 1>you drop your first your oldest daughter off in college. Um,

0:19:10.760 --> 0:19:14.160
<v Speaker 1>like anybody that drops their kids off in school and college,

0:19:14.280 --> 0:19:16.240
<v Speaker 1>the first they said, well you need this, you need that.

0:19:16.560 --> 0:19:19.439
<v Speaker 1>So you decided you'd go to Lows. I think it

0:19:19.520 --> 0:19:21.680
<v Speaker 1>was to get some additional things to help your daughter's

0:19:21.880 --> 0:19:25.400
<v Speaker 1>room look better. I can't picture Bill Gates going through

0:19:25.800 --> 0:19:29.040
<v Speaker 1>Lows shopping. Well, it was actually really sweet moment. We're

0:19:29.040 --> 0:19:31.479
<v Speaker 1>looking for an extension cord, which wasn't the easiest thing

0:19:31.520 --> 0:19:33.400
<v Speaker 1>to find. It turns out it Lows. But when Bill

0:19:33.440 --> 0:19:35.080
<v Speaker 1>goes into a store like that, it's like he's in

0:19:35.080 --> 0:19:38.520
<v Speaker 1>a big laboratory. He's just curious about everything, and so

0:19:38.600 --> 0:19:40.520
<v Speaker 1>Jen and I kept having to drag him and say,

0:19:40.520 --> 0:19:43.159
<v Speaker 1>come on, we got to find the extension cords. Stay focused,

0:19:43.480 --> 0:19:46.399
<v Speaker 1>and he mostly wasn't recognized until we got in the

0:19:46.440 --> 0:19:48.600
<v Speaker 1>cashier's line. But you know, he just plays along with

0:19:48.600 --> 0:19:53.000
<v Speaker 1>it and it's fine. Jackie Kennedy once famously said that, um,

0:19:53.040 --> 0:19:55.600
<v Speaker 1>if you mess up raising your children, nothing else in

0:19:55.640 --> 0:19:59.119
<v Speaker 1>life really matters. Absolutely, And as parents, we know that

0:19:59.200 --> 0:20:02.240
<v Speaker 1>the hardest thing to do is raised children. So you've

0:20:02.320 --> 0:20:05.919
<v Speaker 1>had to shield three children from the enormous wealth and publicity.

0:20:06.160 --> 0:20:09.879
<v Speaker 1>I have tried with our children to always to first

0:20:10.080 --> 0:20:12.399
<v Speaker 1>have them know that they are loved. Most importantly, they

0:20:12.440 --> 0:20:15.160
<v Speaker 1>are loved no matter what, and their job in life

0:20:15.200 --> 0:20:17.960
<v Speaker 1>is to find their talents and whatever those talents are,

0:20:18.080 --> 0:20:20.960
<v Speaker 1>we will support that and we and it's up to

0:20:21.000 --> 0:20:23.400
<v Speaker 1>them to bring those talents in the world no matter

0:20:23.480 --> 0:20:26.119
<v Speaker 1>what they want to be. I also, when the children

0:20:26.119 --> 0:20:28.960
<v Speaker 1>were young, have always taken them out first in the

0:20:28.960 --> 0:20:32.919
<v Speaker 1>Seattle community, even when they were kindergarten age um, and

0:20:32.960 --> 0:20:34.879
<v Speaker 1>then at age appropriate times when they got to be

0:20:34.880 --> 0:20:37.679
<v Speaker 1>about ten or eleven, out into the developing world to

0:20:37.800 --> 0:20:40.640
<v Speaker 1>not only do a beautiful Safari, but to actually see

0:20:40.680 --> 0:20:43.119
<v Speaker 1>what life is like on the ground and the And

0:20:43.240 --> 0:20:45.119
<v Speaker 1>the last thing I will say is because when you

0:20:45.160 --> 0:20:47.800
<v Speaker 1>have great means, you don't have money as a buffer.

0:20:48.200 --> 0:20:52.040
<v Speaker 1>My kids have always had an allowance, and UM, we've

0:20:52.040 --> 0:20:54.320
<v Speaker 1>always had an agreement they're not allowed to tell other

0:20:54.359 --> 0:20:57.040
<v Speaker 1>people their allowance. Neither am I. Because some people would

0:20:57.040 --> 0:21:00.200
<v Speaker 1>say that's all the gates kids get. Another person would say, whoa,

0:21:00.320 --> 0:21:01.920
<v Speaker 1>that's too much money that they get in a week.

0:21:01.960 --> 0:21:04.280
<v Speaker 1>But since they were young, they've always had an allowance

0:21:04.280 --> 0:21:07.480
<v Speaker 1>that grew over time, and when they wanted something, they

0:21:07.480 --> 0:21:09.639
<v Speaker 1>either had to use their allowance to buy it or

0:21:09.640 --> 0:21:11.520
<v Speaker 1>put it on their wish list for Christmas and hope

0:21:11.560 --> 0:21:13.840
<v Speaker 1>their grandparents or we would give it. And I would

0:21:13.840 --> 0:21:15.360
<v Speaker 1>be and I could say to them if they had

0:21:15.400 --> 0:21:17.240
<v Speaker 1>something they saw in the store they just had to have,

0:21:17.359 --> 0:21:20.560
<v Speaker 1>I'd say, well, just because I can doesn't mean that

0:21:20.640 --> 0:21:24.000
<v Speaker 1>I should. But what would you like your legacy to be? Ultimately,

0:21:24.080 --> 0:21:26.399
<v Speaker 1>you and Bill together for what you've done on the

0:21:26.440 --> 0:21:30.320
<v Speaker 1>face of the earth, that we helped other people lift

0:21:30.440 --> 0:21:35.160
<v Speaker 1>themselves up, to help everybody advance into society to advance.

0:21:35.520 --> 0:21:37.399
<v Speaker 1>And I hope people say about me that I helped

0:21:37.520 --> 0:21:40.320
<v Speaker 1>lift up other women. Thank you very much. And again

0:21:40.520 --> 0:21:42.560
<v Speaker 1>it's a very good book and I highly recommend at

0:21:42.600 --> 0:21:44.920
<v Speaker 1>the Moment of Left. Thank you very much, Melinda, Thanks David,

0:21:45.000 --> 0:21:48.080
<v Speaker 1>great conversation. Thank you. That's Melinda Gates, the co founder

0:21:48.119 --> 0:21:50.720
<v Speaker 1>of the Bill and Melinda Gates Foundation, speaking with Carlisle

0:21:50.760 --> 0:21:54.560
<v Speaker 1>Group co founder David Rubinstein for his Bloomberg television program

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<v Speaker 1>Peer to Peer Conversations. I'm June Grosso and I'm at Baxter.

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<v Speaker 1>This Isenberg m HM.