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Speaker 1: You're listening to Math and Magic, a production. I heart

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Speaker 1: radio when I got into banking, and I realized, these

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Speaker 1: guys every day are kind of going through the New

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Speaker 1: York Post or they're reading Time Out or Zagas, and

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Speaker 1: they need to take their clients hot restaurants. My girlfriends

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Speaker 1: at the time worked in PR. I obviously knew people,

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Speaker 1: you know, in the nightclub and restaurant industry because it's

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Speaker 1: what young people do in New York. And I would

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Speaker 1: just book a table, and I convinced the guys that

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Speaker 1: I worked with, oh, in order for you to get

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Speaker 1: that table, I'm gonna have to go, You're gonna have

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Speaker 1: to have a girl at the table. And I hustled

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Speaker 1: my way in and it ended up being a huge

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Speaker 1: win for me because there I was three four nights

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Speaker 1: a week, out to dinner for two and three hours

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Speaker 1: with all the people on my desk, all of their

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Speaker 1: big clients. And that's how I built relationships and trust

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Speaker 1: and really how I built my career. I'm Bob Pittman,

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Speaker 1: and welcome to Math and Magic Stories from the Frontiers

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Speaker 1: and Marketing. As we explore the stories from marketing and

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Speaker 1: busin this one of the most important components to Greek

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Speaker 1: business decisions, is good information garbagegen garbage owl. The term

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Speaker 1: coined by early computer programmers and still a basic tenantive

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Speaker 1: computer science applies to our business decisions as well. Hard

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Speaker 1: to make a good decision with bad information. Today, we

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Speaker 1: have someone who lives in this world of information and news.

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Speaker 1: She's Stephanie Rule, hosted The Eleventh Hour on MSNBC and

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Speaker 1: also senior business analysts for NBC. Neeters a Christmas Eve

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Speaker 1: baby who fits most of the Capricorn characteristics. Stephanie was

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Speaker 1: a child of the seventies, eighties and early nineties. She

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Speaker 1: lived and studied abroad during much of her college, started

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Speaker 1: out in a career in finance, and even though she

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Speaker 1: was a big success on a fast track, she jumped

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Speaker 1: to media at Bloomberg Television in two thousand and eleven.

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Speaker 1: She's been a part of NBC News since two thousand

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Speaker 1: sixteen and has never looked back. She's smart, she's caring,

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Speaker 1: and she's always in sight. Well, Stephanie, welcome. I am

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Speaker 1: so grateful to be here and grateful to talk to you.

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Speaker 1: Before we dive in everything, I want to warm up

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Speaker 1: with you in sixty seconds. Are you ready? Yeah, do

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Speaker 1: you prefer salty or sweet? Salty? Early bird or night owl?

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Speaker 1: Night o? Trading floor of the TV studio is the

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Speaker 1: same room because nobody realizes in New York or New Jersey.

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Speaker 1: My heart is in New Jersey, but my soul is

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Speaker 1: in New York. Introvert or extrovert extrovert, Slow and steady

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Speaker 1: or pedal to the metal, Pedal to the metal, But man,

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Speaker 1: I wish I was slow and steady. Comedy or drama?

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Speaker 1: A little bit of both? Cats or dogs. There's no

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Speaker 1: question dogs all day. Life work balance or life work integration,

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Speaker 1: Life work integration absolutely, First concert, Meat, childhood Hero, My Grandmother,

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Speaker 1: and Miss Pig. Favorite news anchor from Before your Time,

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Speaker 1: Tom Broke, claw by a mile, Favorite newspaper in New

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Speaker 1: York Time, favorite podcast, First Computer Commodore takes before This

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Speaker 1: is the best one. Guilty pleasure, Guilty pleasure, guilty pleasure.

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Speaker 1: Eating in bed while watching TV sounds good. Okay, we're

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Speaker 1: warmed up. Let's jump in. I'm gonna start with a

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Speaker 1: big topic news. There are two schools of thought today.

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Speaker 1: Collect all the relevant information about important stories and then

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Speaker 1: give the viewers, listeners or readers all the information without

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Speaker 1: bias or twisting to any one point of view. When

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Speaker 1: Walter Isaacson was on, he talked about in his days

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Speaker 1: at Time and CNN, he wouldn't even vote because he

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Speaker 1: was worried just by deciding who to select, he would

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Speaker 1: have a bias and it would influence his coverage. The

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Speaker 1: other school of thought, of course, is to serve a

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Speaker 1: particular group and reflect their views and the news tailoring

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Speaker 1: it for them for their point of view or beliefs,

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Speaker 1: not necessarily biased, but covering it from that angle. Clearly,

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Speaker 1: the ladder today gets a bigger audience and out supported

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Speaker 1: media lives on the sale of advertising, so that's important.

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Speaker 1: Where do you come down on this and how do

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Speaker 1: you see the current state of news in the US.

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Speaker 1: I think it's sort of in the middle. I think

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Speaker 1: sort of this merely providing information is limited and it's

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Speaker 1: not necessarily what people need from news organizations because you

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Speaker 1: can get basic information from a lot of places. I

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Speaker 1: wish it was clearer who's providing said basic information. But

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Speaker 1: I think there's something more than just straight news that

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Speaker 1: doesn't take you all the way to bias, and that

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Speaker 1: to me is insightful perspective. Right, you mentioned Walter Isaacson.

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Speaker 1: If Walter Isaacson were to come on television in conjunction

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Speaker 1: with a news story or a presidential historian, let's say

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Speaker 1: a Michael Beschloss, they're not coming on and giving a

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Speaker 1: deep bias. They don't have deep ideology that they're going

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Speaker 1: to solve for at the end of any story. But

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Speaker 1: with they can do is give insightful, educated perspective. And

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Speaker 1: I want that with my news. I want to watch

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Speaker 1: television where I understand, here's the information out there, here's

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Speaker 1: the story that's happening on the other side of the world.

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Speaker 1: And then the second feet is here's why it matters

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Speaker 1: to you. Here's what this means historically. Let's put it

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Speaker 1: in perspective, and to say we cater to our audience,

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Speaker 1: that's different. That's not news. Right. So when I think

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Speaker 1: back to my grandparents, my grandparents were religious listeners of

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Speaker 1: someone who I know you knew very well, Rush Limbaugh.

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Speaker 1: They loved Rush Limbach because Rush Limbaugh was a radio

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Speaker 1: personality who shared some of their political ideology. But they

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Speaker 1: didn't turn to Rush Limbaugh to get their news. They

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Speaker 1: turned to Walter Cronkite. Those are two different things. I

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Speaker 1: think those are two valuable things that exist in news

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Speaker 1: and entertainment and opinion, but they should be marked what

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Speaker 1: they are and audiences should understand what they are. I

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Speaker 1: don't have have a deep ideology, and my hope is

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Speaker 1: I want the world to get better and smarter. I

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Speaker 1: want to create content that helps people do that. I

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Speaker 1: want the world that I had my kids to be

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Speaker 1: better than the world I received. How does social fit

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Speaker 1: into all this. I've been struck by a staff that

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Speaker 1: about fifteen percent of America is far left or far right,

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Speaker 1: but eighty percent of the messages over social come from

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Speaker 1: the per cent. How does that fit into a human

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Speaker 1: in the United States getting the news and understanding it.

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Speaker 1: You know, when I really started thinking about the impact

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Speaker 1: of social during COVID, before I was working from home,

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Speaker 1: when I was sitting in a newsroom, I felt like

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Speaker 1: social was so tied to sort of the zeitgeist of America,

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Speaker 1: how people felt, what they thought, what they were doing.

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Speaker 1: And then COVID hit and I was living in a

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Speaker 1: keeny tiny island in New Jersey, and I was around

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Speaker 1: my neighbors and small business owners, and I realized how

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Speaker 1: keeny tiny a portion of us are actually on social

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Speaker 1: tweeting following things, and it got me thinking more and

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Speaker 1: more how twisted social media is and how it does

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Speaker 1: impact what we say and how we think. And the

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Speaker 1: truth is, we don't even know who's behind half the

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Speaker 1: people that are tweeting. Let me ask you a question, Stephanie,

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Speaker 1: you just talked a little bit about the difference between

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Speaker 1: opinion and news when you're talking about Russian Walter Cronkite

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Speaker 1: in social do you think we have an issue of

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Speaker 1: understanding what is opinion and what is news and what

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Speaker 1: is paid for and what's not paid for. It's totally

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Speaker 1: unclear what's sponsored what's not sponsored. I might send something

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Speaker 1: out because I just think it's funny or goofy, and

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Speaker 1: what if it's wrong And what if I sent that

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Speaker 1: tweet at two o'clock in the morning on a Friday

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Speaker 1: and I didn't do my research. Well, there's me, Stephanie Rule,

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Speaker 1: who's viewed hopefully as a responsible journalist sending out nonsense.

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Speaker 1: Before so social media existed, I had a really carry

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Speaker 1: myself to a standard as somebody is part of a

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Speaker 1: news organization. And if I was saying or doing irresponsible things,

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Speaker 1: NBC could say to me, Hey, Steph, you do that,

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Speaker 1: you're off the air. Now You've got news quote unquote

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Speaker 1: personalities that consider themselves bigger than their news organizations, and

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Speaker 1: so they're saying and doing wild, irresponsible things, and their

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Speaker 1: news organizations can't control them. And so I think it's

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Speaker 1: very messy. I don't have an answer for it, but

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Speaker 1: I know it's not helpful. Well, let me ask you

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Speaker 1: another question on this. Bill Pailey, founder and legendary head

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Speaker 1: of CBS a lot of news as sort of nonprofit contribution.

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Speaker 1: The cynics might say he did it to keep Washington

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Speaker 1: out of his business. Others would say he did it

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Speaker 1: because he felt it was his duty. Our news organizations

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Speaker 1: better if they're part of big organization, so it's not

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Speaker 1: the whole business, but has a little more leeway in

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Speaker 1: terms of economics. Or does it not matter? Sure in theory,

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Speaker 1: should news organizations operate almost like a nonprofit, like a

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Speaker 1: public service. They should, But at the end of the day,

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Speaker 1: we're controlled by money, and the most talented people, the

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Speaker 1: most valuable resources are drawn to profit centers, not nonprofit

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Speaker 1: centers in a totally pure world. Bill Paley's right, we

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Speaker 1: just don't live in a pure world. Anymore. Do you

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Speaker 1: think the public's view of news organizations has changed? And

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Speaker 1: how do you think they see what you do? Of

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Speaker 1: course it has changed over time. But I would also

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Speaker 1: argue that because there are so many news outlets, because

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Speaker 1: the barriers of entry are so much lower today, I

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Speaker 1: actually think in many ways, the American public is better

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Speaker 1: than they've been before. Right, we keep thinking that, like, oh,

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Speaker 1: back in the day, when there was only a certain

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Speaker 1: amount of news organizations, you know, whether it was TV

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Speaker 1: news or radio news or newspapers, weren't we all the better?

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Speaker 1: I don't know that that's the case, back when there

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Speaker 1: were such difficult called barriers of entry. I wonder did

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Speaker 1: the whole truth ever get out back in the day.

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Speaker 1: Think about cylinders of power, Right, you had media, you

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Speaker 1: had government, you had business, you had the church. How

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Speaker 1: could anyone break through those cylinders of power? They couldn't.

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Speaker 1: They were impenetrable. Now, look at the state of Pennsylvania.

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Speaker 1: What was it fifteen years ago? Through tiny social media campaigns,

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Speaker 1: victims of sexual abuse in the Catholic Church found one another.

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Speaker 1: And what did that end up doing? Having a real

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Speaker 1: impact on the archdiotis of the state of Pennsylvania. That's huge.

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Speaker 1: Back in the day, what could someone do if something

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Speaker 1: corrupt was happening in their small town Write a letter

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Speaker 1: to their congress person. Good luck with that. Now one

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Speaker 1: person's tiny voice can have a huge impact because of

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Speaker 1: those social media channels, because the barriers of entry are

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Speaker 1: so much lower. That's extraordinary. Now is that dangerous in

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Speaker 1: terms of standards and legal and best practice is in

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Speaker 1: terms of news? Absolutely, and we've got to figure that out. Okay,

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Speaker 1: let's go back in time. Now. You grew up in

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Speaker 1: New Jersey, born in the mid seventies. Can you paint

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Speaker 1: the picture of those times that location in your family life.

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Speaker 1: I grew up in northern New Jersey. My dad was

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Speaker 1: a mechanical engineer and my mother was a state at

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Speaker 1: home mom, and she ran the p t A in

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Speaker 1: my hometown and the board of Education where I lived.

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Speaker 1: My mom devoted her whole life to my sister in

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Speaker 1: my my life, my success and something I can remember

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Speaker 1: from a very very young age, how I didn't respect

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Speaker 1: and I have so much regret over it now what

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Speaker 1: my mom did for a living, which was the most

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Speaker 1: important job, being a full time parent, and devoting herself

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Speaker 1: to my school system and improving my school system. I

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Speaker 1: viewed everything as the person who makes the money in

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Speaker 1: your house is the boss of your house. And I

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Speaker 1: can remember a little girl driving with my mom in

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Speaker 1: the car to drop my dad at the train station,

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Speaker 1: and my mom being in her pajamas and my dad

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Speaker 1: in a passenger seat and me sitting in the backseat.

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Speaker 1: And I can remember my dad getting on the train

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Speaker 1: every day and thinking to myself, I don't know where

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Speaker 1: he's going or what he's doing, but one day I'm

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Speaker 1: going to be the person on the train and I'm

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Speaker 1: not going to be the person in the car and

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Speaker 1: my pajamas. I mean, my mom pushed me very hard

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Speaker 1: from a young age to always have a job, to

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Speaker 1: be focused on my career, to be focused on success.

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Speaker 1: But it really wasn't until I myself became a mom

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Speaker 1: and really struggle with all of the difficulties of life

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Speaker 1: and marriage and parenthood and career that I truly understand

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Speaker 1: and I appreciate the importance of parenthood, and as a

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Speaker 1: working mom myself now how to appreciate those other mothers

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Speaker 1: and fathers out there who dedicate themselves to be full

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Speaker 1: time parents to improving school systems because I'm the beneficiary

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Speaker 1: of that. I read somewhere that you were a serious

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Speaker 1: kid that you would rather make money babysitting on a

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Speaker 1: Saturday night than going out to parties. That an accurate

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Speaker 1: story a hundred. I mean, I think if somebody met

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Speaker 1: me out on any Saturday night now in a wig

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Speaker 1: and a costume, and who knows what. I'm a pretty

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Speaker 1: extroverted person. I do love to party, but I've always

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Speaker 1: always been focused on making money because it's Freedom's not greed,

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Speaker 1: having your own money. And I knew that from when

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Speaker 1: I was nine ten years old. It gives you options.

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Speaker 1: Money certainly doesn't give you happiness, but it gives you options. Bob,

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Speaker 1: think about the industries where you see the most abuse

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Speaker 1: and the most harassment. It's in industries where women are

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Speaker 1: backed against the wall trying to make rent. And when

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Speaker 1: I was in the eighth grade, I met a family

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Speaker 1: that I could babysit for every Saturday night and I

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Speaker 1: could get paid fifty bucks a week. I did the

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Speaker 1: math as an eighth grader and thought, is there a

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Speaker 1: high school party I could go to that's more fun

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Speaker 1: than fifty bucks? And the answer was no, And I

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Speaker 1: pretty much to have never been to a high school

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Speaker 1: party on a Saturday night because I always wanted to

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Speaker 1: make the fifty bucks in that time period. What were

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Speaker 1: the big issues that you remember? I mean, what was

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Speaker 1: consuming your view of the world? Then, gosh, when I

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Speaker 1: was in high school, what was consuming my view of

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Speaker 1: the world, My social life, my my popularity? Nonsense, right,

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Speaker 1: And now when I look at teenagers, I think it's

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Speaker 1: that times a hundred. To be totally honest, Bob, it

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Speaker 1: was the one thing that gave me reservations about having children.

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Speaker 1: I can remember how painful it is to be in

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Speaker 1: junior high or to be in high school, and I

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Speaker 1: remember thinking, if it's that hard to live that pain yourself,

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Speaker 1: it's going to be ten times harder to be the

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Speaker 1: parent watching a child grow up. It's amazing to me

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Speaker 1: that from a young age, the way our society, the

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Speaker 1: way our culture works, the way our media works, it's

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Speaker 1: about being exclusionary. It's about being popular, it's about having

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Speaker 1: a best friend, it's about being a captain of that

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Speaker 1: team and everything. How do I elbow somebody else out

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Speaker 1: to get on top? And that's such a lonely, terrible

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Speaker 1: place to live. Wouldn't it be better to teach our

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Speaker 1: kids and live our lives, to be part of a

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Speaker 1: community and make the world around us better. I wish

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Speaker 1: that's how I thought when I was younger. It's certainly

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Speaker 1: how I think now. Let me jump in here. Do

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Speaker 1: you think that that is more reflection of the eighties

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Speaker 1: of your time? I grew up in the fifties and sixties,

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Speaker 1: and in the fifties and sixties there was a it

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Speaker 1: seems like much more of a social conscience, more worried

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Speaker 1: about the world. For me, being a white suburban girl

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Speaker 1: in New Jersey. I grew up in the eighties. You

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Speaker 1: had just delivered me MTV, So I lived in a

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Speaker 1: time of a lot of pop culture and privilege. To

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Speaker 1: be totally honest, do you think that was the first

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Speaker 1: time that pop culture really began to influence society and

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Speaker 1: that that somehow hurt our kids being detached from the

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Speaker 1: world and not looking at these bigger issue us or

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Speaker 1: do you think this stuff just comes in cycles. I

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Speaker 1: think this stuff comes from cycles, And I actually think,

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Speaker 1: you know, the advent of something like MTV did a

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Speaker 1: lot for us in the fact that music connects us

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Speaker 1: and connects culture, and MTV I mean, you know this

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Speaker 1: better than I do. Also brought things to the forefront

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Speaker 1: and conversations, whether down the road it was about wrap

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Speaker 1: the boat or really talking to people about AIDS, or

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Speaker 1: seeing people on our TV every night that sounded different

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Speaker 1: or looked different. MTV era really brought this idea that

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Speaker 1: being alternative wasn't being fringe. It was just part of

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Speaker 1: the zeitgeist, part of culture. That's what we want, right.

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Speaker 1: We don't want our kids to feel like fringe is

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Speaker 1: weird or on the edges or something that isn't part

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Speaker 1: of the mainstream. The mainstream should include everyone, and that's

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Speaker 1: actually where we're getting now, to a more inclusive society

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Speaker 1: where we should just accept people for who they are

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Speaker 1: and where they are and where they come from. More

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Speaker 1: a Math and Magic right after this quick break. Welcome

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Speaker 1: back to Math and Magic. Let's hear more from my

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Speaker 1: conversation with Stephanie Roll. So you go off to college.

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Speaker 1: You survived your your high school years, you went not

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Speaker 1: too far from home in Pennsylvania. You graduated with a

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Speaker 1: degree in international business. How did you get there and

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Speaker 1: what did you think that was going to do for

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Speaker 1: your life and business? I accidentally ended up there Bob.

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Speaker 1: I went to college. I really thought I was going

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Speaker 1: to study engineering. Not long after being there, I realized

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Speaker 1: that wasn't what I wanted to do. As I said,

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Speaker 1: my guy is a really brilliant engineer. He worked for

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Speaker 1: an engineering company and he eventually took it over. But

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Speaker 1: when I was a little girl, I can remember being

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Speaker 1: in a car with him and realizing he was a

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Speaker 1: lousy businessman. One of their clients needed a part. They

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Speaker 1: made very very specific positioning devices, and I had to

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Speaker 1: drive into New York City and to over this tiny

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Speaker 1: part in a Manilla envelope with my dad. The person

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Speaker 1: stayed in a hotel for a week waiting for my

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Speaker 1: dad's company to manufacture this piece. I remember dropping the

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Speaker 1: Manilla envelope off with my dad and we get back

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Speaker 1: in the car. We're on the ride home and I

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Speaker 1: said to my dad, so what did you charge them?

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Speaker 1: He said, what are you talking about? And he said,

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Speaker 1: what do you mean what I charge him? I said,

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Speaker 1: that person came here as an emergency. They needed that thing.

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Speaker 1: How much more did you charge them for it? And

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Speaker 1: he said, we didn't charge them anything more. For them

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Speaker 1: they needed a piece. We gave it to them and Bob.

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Speaker 1: I can remember being a little girl thinking this guy

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Speaker 1: is not very good at business. That guy flew all

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Speaker 1: the way here to pick up this piece that they

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Speaker 1: desperately needed. Why didn't he charge them double? Triple, quadruple?

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Speaker 1: And I remember in high school thinking, my dad's this

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Speaker 1: really brilliant engineer, but I don't think you know that

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Speaker 1: to build a business. And I think I'm a great salesman.

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Speaker 1: I'm gonna go work for him one day. So I

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Speaker 1: said I'm gonna study engineering. My dad said, you're gonna

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Speaker 1: hate engineering. You will not be a good engineering student.

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Speaker 1: Do not do this. So I go to Lehigh to

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Speaker 1: study engineering. I get there and I quickly realized, oh yeah,

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Speaker 1: I'm not going to study engineering. I'm gonna fail with it.

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Speaker 1: So I had an older sister who was graduating from

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Speaker 1: architecture school, and I said, what am I gonna do?

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Speaker 1: I mean the middle of Pennsylvania at this frat boys school,

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Speaker 1: which and she said, go abroad. The most important thing

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Speaker 1: is life experience. Go abroad for as long as you

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Speaker 1: possibly can. So I did. I met the dean of

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Speaker 1: the International Business School, which I didn't even know what

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Speaker 1: it was, and he helped me kind of craft a

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Speaker 1: new major, and I went and I studied in Guatemala, Kenya,

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Speaker 1: and Italy. And when I was in Italy, I wanted

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Speaker 1: to stay living in Europe, but I had no money.

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Speaker 1: So I wrote letters to Lehigh University alumni who worked

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Speaker 1: in banking, because I knew they had banks all around

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Speaker 1: the world and a real deer whomever, can you get

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Speaker 1: me a job? Blah blah blah blah, And Mary Lynch

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Speaker 1: offered me a job in Switzerland, and before the summer started,

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Speaker 1: the group blew up and they said, you can go

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Speaker 1: work from Mary Lynch in New York. So I came

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Speaker 1: back to New York. I worked for Mary Lynch for

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Speaker 1: a summer. I didn't even know what they did. I

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Speaker 1: had some terrible back office documentation job. And one day

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Speaker 1: early in the summer, I had to make a delivery

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Speaker 1: under the Kicks and Country floor and I just love energy,

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Speaker 1: and I said, I don't know what these people here

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Speaker 1: do for a living, but this is what I want

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Speaker 1: to do. And I met these two guys who were

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Speaker 1: interest rate derivatives traders, and I said, can you teach

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Speaker 1: me what you do? And I would come in before

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Speaker 1: my work day started, and I would go see them

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Speaker 1: when my work day ended, and these guys taught me

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Speaker 1: about interest rate derivatives. So I applied to go work

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Speaker 1: at all these banks for their sales and trading programs.

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Speaker 1: And because I kind of had a wacky resume having

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Speaker 1: studied all over, I got in a bunch of interviews

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Speaker 1: the night before. It's a Sunday night in New York City.

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Speaker 1: So I go to the dinner with these two guys

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Speaker 1: and these four other guys that worked with them, like

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Speaker 1: just get friends of theirs in the industry. And so

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Speaker 1: they're all like twenty seven years old. I'm twenty. So

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Speaker 1: they all worked at banks. They interviewed lots of undergrads,

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Speaker 1: and they start talking about the math problems. They would

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Speaker 1: ask all the candidates all these word problems, you know,

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Speaker 1: like there's two trains going down opposing train tracks. One's

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Speaker 1: going sixty miles an hour, one's going ninety miles an hour.

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Speaker 1: Wehn can the first one get to talaf? You know,

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Speaker 1: one of those which Bob, There's no way in God's

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Speaker 1: green Earth I could ever answer any of these questions

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Speaker 1: ever in my life. But I'm sitting at dinner half listening.

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Speaker 1: They're basically talking through all the word problems that they

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Speaker 1: do in the interviews. I walk into my interviews that

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Speaker 1: week Jacome Morgan, Smith, Barney, Credit, Sueez, and I literally

396
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Speaker 1: get asked every single question that I had heard Sunday night,

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Speaker 1: and I can't do any of the map on the

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Speaker 1: you know, you know, if you're soppos to show your work,

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Speaker 1: And I'm like, uh forty two you know, Los Angeles, Seattle,

400
00:21:44,119 --> 00:21:46,960
Speaker 1: and they're like, yes, yes, yeah. So I absolutely ate

401
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Speaker 1: the test. And the truth is I accidentally cheated on

402
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Speaker 1: it because I would never have been able to solve

403
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Speaker 1: any of the answers. But the truth ends up being

404
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Speaker 1: it's kind of how I ran my career in banking anyway.

405
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Speaker 1: I all, so I heard this story which sort of

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Speaker 1: goes along the same characteristics the same person that when

407
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Speaker 1: you were working in banking in the late nineties, you

408
00:22:08,640 --> 00:22:11,119
Speaker 1: were able to get reservations at the hot restaurants and

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Speaker 1: clubs for the senior folks, and the only caveat was

410
00:22:14,800 --> 00:22:17,399
Speaker 1: they had to bring you along so you could again

411
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Speaker 1: learn from them, meet their big clients. Really get I

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Speaker 1: guess it's the new world apprenticeship. Is that a true story?

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Speaker 1: And how did you manage to figure that out. It's

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Speaker 1: absolutely true. When I got into banking, I had all

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Speaker 1: these thoughts like, oh, maybe I want to work in equities,

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Speaker 1: Maybe I want to do this, maybe I want to

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Speaker 1: do that. And someone said to me, go where they

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Speaker 1: need you. And one of the first rotations I had

419
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Speaker 1: was on a corporate bond desk I knew nothing about,

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Speaker 1: and they had had a bunch of turnover, and so

421
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Speaker 1: I thought, I'm gonna stick here. They're short on staff,

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Speaker 1: So I end up on this desk and I realized

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Speaker 1: these guys every day are kind of going through the

424
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Speaker 1: New York Post or they're reading Time Out or zagas,

425
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Speaker 1: and they need to take their clients the hot restaurants,

426
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Speaker 1: and so I figured it out. My girlfriends at the

427
00:23:02,160 --> 00:23:05,119
Speaker 1: time worked in PR. I obviously knew people, you know,

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Speaker 1: in the nightclub and restaurant industry because it's what young

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Speaker 1: people do in New York. And I would just book

430
00:23:09,880 --> 00:23:13,160
Speaker 1: table and I convinced the guys that I worked with, oh,

431
00:23:13,240 --> 00:23:14,920
Speaker 1: in order for you to get that table, I'm gonna

432
00:23:14,920 --> 00:23:16,000
Speaker 1: have to go You're gonna have to have a girl

433
00:23:16,040 --> 00:23:18,520
Speaker 1: at the table. And I hustled my way in and

434
00:23:18,640 --> 00:23:21,720
Speaker 1: it ended up being a huge win for me because

435
00:23:21,760 --> 00:23:24,320
Speaker 1: there I was three four nights a week out to

436
00:23:24,400 --> 00:23:27,359
Speaker 1: dinner for two and three hours with all the people

437
00:23:27,440 --> 00:23:29,600
Speaker 1: on my desk, all of their big clients. And in

438
00:23:29,720 --> 00:23:32,720
Speaker 1: any business, I think news is the same. Every business,

439
00:23:32,840 --> 00:23:36,600
Speaker 1: Bob is about trust and relationship building, and that's how

440
00:23:36,640 --> 00:23:38,880
Speaker 1: I built relationships and trust and really how I built

441
00:23:38,920 --> 00:23:42,280
Speaker 1: my career. So let's jump. You had a really good

442
00:23:42,400 --> 00:23:45,879
Speaker 1: career in finance, and you looked like you were making

443
00:23:46,119 --> 00:23:49,240
Speaker 1: great headway and achieving your goals. You're a credit suee

444
00:23:49,359 --> 00:23:53,320
Speaker 1: SA dout your bank, and then you jump to journalism.

445
00:23:53,800 --> 00:23:56,320
Speaker 1: So it's time for you to give us that origin

446
00:23:56,480 --> 00:24:00,280
Speaker 1: story of how you got into journalism and news. You know,

447
00:24:00,400 --> 00:24:02,600
Speaker 1: I always wanted to work in journalism from when I

448
00:24:02,680 --> 00:24:05,520
Speaker 1: had a Fisher Price cassette player as a four year

449
00:24:05,560 --> 00:24:09,080
Speaker 1: old making commercials with my sister. It's what I always

450
00:24:09,119 --> 00:24:11,520
Speaker 1: wanted to do. But I think people don't really pursue

451
00:24:11,560 --> 00:24:13,639
Speaker 1: their dreams when they had a day job, and I

452
00:24:13,760 --> 00:24:15,800
Speaker 1: was lucky enough to have a day job in a

453
00:24:15,960 --> 00:24:19,720
Speaker 1: very lucrative industry in banking. Two years into banking, I

454
00:24:19,760 --> 00:24:22,840
Speaker 1: almost left to go to journalism school though, and a

455
00:24:22,920 --> 00:24:26,320
Speaker 1: mentor of mindset, don't leave. Do this for ten years,

456
00:24:26,480 --> 00:24:28,720
Speaker 1: make your own money, and then figure out what you

457
00:24:28,760 --> 00:24:31,840
Speaker 1: want to do. And that really was very good advice

458
00:24:31,960 --> 00:24:35,800
Speaker 1: at the time, because it's a privilege to pursue dreams

459
00:24:36,240 --> 00:24:38,960
Speaker 1: when you've got your rent paid for. And I worked

460
00:24:39,040 --> 00:24:41,200
Speaker 1: really hard for a long time, and I saved my

461
00:24:41,280 --> 00:24:43,640
Speaker 1: own money, and I worked really hard, and I thought,

462
00:24:43,640 --> 00:24:45,520
Speaker 1: I'm gonna do this for ten years and then I'm

463
00:24:45,560 --> 00:24:47,639
Speaker 1: gonna change careers, or then I'm gonna start a family.

464
00:24:47,680 --> 00:24:49,480
Speaker 1: And ten years in I did start a family, but

465
00:24:49,520 --> 00:24:52,120
Speaker 1: I wasn't ready to change careers. But I thought about

466
00:24:52,160 --> 00:24:55,000
Speaker 1: it a lot, and I thought about TV. One day,

467
00:24:55,040 --> 00:24:57,040
Speaker 1: I was giving a speech for a nonprofit called the

468
00:24:57,040 --> 00:24:59,879
Speaker 1: White House Project, and a woman who ran it in

469
00:25:00,040 --> 00:25:02,920
Speaker 1: Tiffany Defoo. He was talking to the board after and

470
00:25:03,000 --> 00:25:05,639
Speaker 1: she said, women and minorities always get lumped together, but

471
00:25:05,720 --> 00:25:08,000
Speaker 1: if you take the fifty most powerful black men in

472
00:25:08,040 --> 00:25:10,840
Speaker 1: the United States, they help one another more than the

473
00:25:10,920 --> 00:25:13,920
Speaker 1: fifty most powerful women. All of you are senior in

474
00:25:14,000 --> 00:25:16,480
Speaker 1: your industries. You each need to say what you want

475
00:25:16,520 --> 00:25:18,879
Speaker 1: to do next, and somebody else in the room has

476
00:25:18,880 --> 00:25:21,200
Speaker 1: to say I'm gonna get you there. And it was

477
00:25:21,280 --> 00:25:23,080
Speaker 1: my time and I said, you know, I've always wanted

478
00:25:23,119 --> 00:25:26,000
Speaker 1: to work in the media. And there was a woman

479
00:25:26,040 --> 00:25:30,040
Speaker 1: at the cable who ran human resources for Bloomberg, and

480
00:25:30,119 --> 00:25:31,439
Speaker 1: she said, I'm going to be the one to get

481
00:25:31,480 --> 00:25:33,480
Speaker 1: you there. And a few days later I met a

482
00:25:33,480 --> 00:25:36,520
Speaker 1: guy named Andy Lack who ran Bloomberg Media, and he said,

483
00:25:36,560 --> 00:25:39,080
Speaker 1: in the new world of media, there's no more teleprompter readers.

484
00:25:39,400 --> 00:25:42,359
Speaker 1: You have to know the information, you have to love

485
00:25:42,480 --> 00:25:44,840
Speaker 1: the content, and the audience has to want to have

486
00:25:44,880 --> 00:25:48,680
Speaker 1: a relationship with you. And I said, well, Andy, I've

487
00:25:48,720 --> 00:25:51,080
Speaker 1: got one and two better than anybody you have in

488
00:25:51,160 --> 00:25:54,200
Speaker 1: this room. And number three that would be a risk.

489
00:25:54,840 --> 00:25:56,960
Speaker 1: Very good friend of mine is a guy named Todd

490
00:25:57,000 --> 00:25:59,680
Speaker 1: Bowley and said, you go back to them. You tell

491
00:25:59,760 --> 00:26:02,720
Speaker 1: them you will do this job for the lowest amount

492
00:26:02,760 --> 00:26:05,280
Speaker 1: of money of any person who works as the whole company.

493
00:26:06,200 --> 00:26:08,120
Speaker 1: They can give you no contracts, so they can fire

494
00:26:08,160 --> 00:26:10,399
Speaker 1: you at any time, but they need to give you

495
00:26:10,480 --> 00:26:13,320
Speaker 1: a TV show to anchor, and they need to hire

496
00:26:13,400 --> 00:26:16,320
Speaker 1: somebody to teach you how to be on TV. That way,

497
00:26:16,400 --> 00:26:18,600
Speaker 1: you're sharing a little bit of risk and they're taking

498
00:26:18,720 --> 00:26:22,840
Speaker 1: very little brisk And Bloomberg miraculously said, yes, it was

499
00:26:22,880 --> 00:26:25,680
Speaker 1: definitely a leap. I took a nine pay cut, and

500
00:26:25,760 --> 00:26:27,520
Speaker 1: I was scared. You know, there was a good chance

501
00:26:27,560 --> 00:26:30,200
Speaker 1: I was going to humiliate myself, Bob, like, I wasn't

502
00:26:30,240 --> 00:26:34,640
Speaker 1: just changing careers. I was changing careers publicly, right out

503
00:26:34,680 --> 00:26:37,320
Speaker 1: there in the open. By the time I made that

504
00:26:37,440 --> 00:26:40,879
Speaker 1: career switch, I had saved a lot of money, and

505
00:26:41,000 --> 00:26:42,800
Speaker 1: so I was taking a huge pay cut, but it

506
00:26:42,880 --> 00:26:45,040
Speaker 1: wasn't that big of a risk. And I was making

507
00:26:45,080 --> 00:26:47,480
Speaker 1: a move not to cover pop culture but to actually

508
00:26:47,560 --> 00:26:50,440
Speaker 1: cover Wall Street exactly where I came from. Or all

509
00:26:50,520 --> 00:26:52,480
Speaker 1: of the guests that Bloomberg would want to have on

510
00:26:52,600 --> 00:26:55,240
Speaker 1: TV were people that I knew for years and years.

511
00:26:55,320 --> 00:26:58,040
Speaker 1: So it's about reducing the risk when you make a

512
00:26:58,080 --> 00:27:00,320
Speaker 1: leap like that. By the way, at Bloomberg, I will

513
00:27:00,520 --> 00:27:03,080
Speaker 1: point out you had one of your early successes. You

514
00:27:03,160 --> 00:27:05,000
Speaker 1: were one of the folks who broke the story about

515
00:27:05,000 --> 00:27:07,280
Speaker 1: the London whale. For those who don't remember, that was

516
00:27:07,400 --> 00:27:10,719
Speaker 1: the JP Morgan trader who lost about six billion dollars.

517
00:27:11,160 --> 00:27:13,240
Speaker 1: It was a trader who basically got off sides in

518
00:27:13,280 --> 00:27:16,359
Speaker 1: the market, who got so so big and so irresponsible

519
00:27:16,680 --> 00:27:19,600
Speaker 1: he blew up a huge portion of the market, breaking

520
00:27:19,640 --> 00:27:24,879
Speaker 1: the London Whale crushed my husband. When I was in banking,

521
00:27:25,000 --> 00:27:26,800
Speaker 1: he ran credit to ri As, a credit Swiss. I

522
00:27:26,880 --> 00:27:29,240
Speaker 1: sold credit to ri it As at Deutsche Bank. I

523
00:27:29,400 --> 00:27:33,480
Speaker 1: was at Bloomberg for about six months when a source

524
00:27:33,520 --> 00:27:35,800
Speaker 1: of mine was an old relationship of mine, calls me

525
00:27:35,880 --> 00:27:37,680
Speaker 1: and said, you need to look into this trader. You

526
00:27:37,760 --> 00:27:39,920
Speaker 1: need to look into somebody who's gotten so big so

527
00:27:40,160 --> 00:27:42,480
Speaker 1: offside that like this guy can't get out of his trade.

528
00:27:43,080 --> 00:27:44,840
Speaker 1: I come home from work that day and I said

529
00:27:44,880 --> 00:27:48,760
Speaker 1: to my husband, do you know somebody named Bruno. It's Phil.

530
00:27:48,960 --> 00:27:52,280
Speaker 1: They call him the London Whale. And he looked at

531
00:27:52,320 --> 00:27:54,399
Speaker 1: me and he said, I can't talk about it with you.

532
00:27:55,240 --> 00:27:57,440
Speaker 1: I need I need to call my office. And he

533
00:27:57,480 --> 00:27:59,920
Speaker 1: put his sneakers on and he went running. And it's

534
00:28:00,000 --> 00:28:01,560
Speaker 1: gonna be said that. I was like, I guess we're

535
00:28:01,560 --> 00:28:05,080
Speaker 1: onto something. It turns out my husband running at a

536
00:28:05,160 --> 00:28:08,280
Speaker 1: riveter's desk was a huge counterpart of the London whale.

537
00:28:08,640 --> 00:28:11,160
Speaker 1: So when the London Whale blew up, it was crushing

538
00:28:11,560 --> 00:28:13,919
Speaker 1: two banks all across the street, and it was crushing

539
00:28:14,000 --> 00:28:17,320
Speaker 1: to my own husband's business. And when the story broke,

540
00:28:17,760 --> 00:28:20,680
Speaker 1: people like really came after me, like Oh my god,

541
00:28:20,760 --> 00:28:22,440
Speaker 1: that you cook the goose for us. I can't believe

542
00:28:22,440 --> 00:28:24,040
Speaker 1: you did this, Like you're one of us. Why would

543
00:28:24,080 --> 00:28:26,159
Speaker 1: you do this? And I have to give credit to

544
00:28:26,280 --> 00:28:28,920
Speaker 1: my husband who was like, this is a story that

545
00:28:29,000 --> 00:28:31,760
Speaker 1: should be told. This is totally wrong, what's happening in

546
00:28:31,840 --> 00:28:34,920
Speaker 1: the market. You know this industry better than anybody else

547
00:28:35,000 --> 00:28:38,040
Speaker 1: covering at sepany. It would be a huge mistake if

548
00:28:38,080 --> 00:28:41,320
Speaker 1: you didn't, and you went on the NBC Great career.

549
00:28:41,520 --> 00:28:43,480
Speaker 1: Now you've got one of the great jobs and news

550
00:28:43,560 --> 00:28:47,800
Speaker 1: anchor at the eleven o'clock news on MSNBC. I want

551
00:28:47,840 --> 00:28:50,480
Speaker 1: to sort of use some of that perspective now and

552
00:28:50,560 --> 00:28:53,200
Speaker 1: I want to share some with the folks listening today.

553
00:28:54,160 --> 00:28:57,600
Speaker 1: When you look at business leaders today, how do you

554
00:28:57,720 --> 00:29:02,280
Speaker 1: think they use information and what do they need? If

555
00:29:02,360 --> 00:29:06,080
Speaker 1: you ask the business leader today two, what are some

556
00:29:06,160 --> 00:29:10,440
Speaker 1: of the most important characteristics? They would say, being an

557
00:29:10,480 --> 00:29:15,480
Speaker 1: empathetic leader, understanding your people. You'd be hard pressed to

558
00:29:15,560 --> 00:29:18,360
Speaker 1: find a business leader today who's got sort of the

559
00:29:18,440 --> 00:29:21,520
Speaker 1: Gordon get go rule with an iron fist, my way

560
00:29:21,600 --> 00:29:25,040
Speaker 1: or the highway. It's so much more collaborative. And I

561
00:29:25,160 --> 00:29:27,960
Speaker 1: just think sort of the evolution of our business leaders

562
00:29:28,280 --> 00:29:33,360
Speaker 1: it's fantastic as far as information goes, it's all completely

563
00:29:33,440 --> 00:29:38,120
Speaker 1: warped right now. Bob years ago, Coke and pepsi right,

564
00:29:38,160 --> 00:29:41,600
Speaker 1: they would battle, their marketers, would battle their advertisements like

565
00:29:41,680 --> 00:29:45,040
Speaker 1: their campaign. Now you could come out with a campaign

566
00:29:45,640 --> 00:29:49,680
Speaker 1: and immediately an underground group of sort of social media

567
00:29:49,760 --> 00:29:52,640
Speaker 1: guerrillas could go after that new product and crush it

568
00:29:53,240 --> 00:29:56,800
Speaker 1: moments after it launches. And what kind of business leaders

569
00:29:56,880 --> 00:30:00,680
Speaker 1: do best in this world? The biggest problem our business

570
00:30:00,800 --> 00:30:02,960
Speaker 1: leaders have today is that we live in a world

571
00:30:03,000 --> 00:30:07,800
Speaker 1: of short termism. You could have the most productive, thoughtful,

572
00:30:07,920 --> 00:30:11,480
Speaker 1: long term vision for your company, but in the world

573
00:30:11,560 --> 00:30:15,080
Speaker 1: that we're living in, with activist investors banging down your

574
00:30:15,160 --> 00:30:18,880
Speaker 1: door every other day, nobody can make long term decisions.

575
00:30:19,280 --> 00:30:23,160
Speaker 1: For business leaders, everything is about your next quarter earnings call.

576
00:30:23,680 --> 00:30:26,600
Speaker 1: Let's move from business to the world we live in.

577
00:30:27,040 --> 00:30:30,000
Speaker 1: We talked a little about how technology social in particular,

578
00:30:30,200 --> 00:30:32,920
Speaker 1: is changing it. We talked some about what's good and

579
00:30:33,000 --> 00:30:36,200
Speaker 1: bad about it. Any other technology here that's on the

580
00:30:36,320 --> 00:30:39,360
Speaker 1: horizon that you think is going to have the kind

581
00:30:39,400 --> 00:30:43,120
Speaker 1: of impact that the iPhone did fifteen years ago. I

582
00:30:43,240 --> 00:30:47,480
Speaker 1: don't think it's necessarily a specific technology, but I do

583
00:30:47,840 --> 00:30:52,480
Speaker 1: think the impact COVID had on us working from home, telehealth,

584
00:30:52,800 --> 00:30:57,280
Speaker 1: remote education, skills based training is going to change things.

585
00:30:57,880 --> 00:31:00,479
Speaker 1: When we look at the jobs of the future, they

586
00:31:00,520 --> 00:31:04,440
Speaker 1: are not necessarily tied to four year degree liberal arts education,

587
00:31:04,880 --> 00:31:08,120
Speaker 1: and they're much more skills based. During COVID, you saw

588
00:31:08,200 --> 00:31:11,320
Speaker 1: a lot more companies like Google, like sales Cource, like

589
00:31:11,480 --> 00:31:16,080
Speaker 1: IBM create more skills programs so they can recruit workers

590
00:31:16,520 --> 00:31:18,800
Speaker 1: that don't have four year degrees, that are coming out

591
00:31:18,840 --> 00:31:22,480
Speaker 1: of high school that can get higher paid, higher skilled jobs.

592
00:31:23,280 --> 00:31:26,000
Speaker 1: That is something I'm excited about about where we're going,

593
00:31:26,480 --> 00:31:30,080
Speaker 1: rather than the scores of young people taking six years

594
00:31:30,120 --> 00:31:33,440
Speaker 1: to get out of community college with communications degrees that

595
00:31:33,520 --> 00:31:36,680
Speaker 1: don't align with the jobs of tomorrow. So let's talking

596
00:31:36,720 --> 00:31:41,440
Speaker 1: about jobs of tomorrow. Globalization is not a quaint outdated notion.

597
00:31:41,520 --> 00:31:46,080
Speaker 1: Now what's happening globalization is important. But three years ago,

598
00:31:46,240 --> 00:31:48,560
Speaker 1: if I brought up supply chain issues to you, Bob,

599
00:31:49,000 --> 00:31:51,480
Speaker 1: you'd be like, what, I'm not thinking about the supply chain,

600
00:31:51,560 --> 00:31:54,920
Speaker 1: And neither was I. And because of COVID, you're now

601
00:31:55,040 --> 00:31:59,240
Speaker 1: seeing enormous companies like Walmart not just say we're going

602
00:31:59,280 --> 00:32:01,760
Speaker 1: to buy them American because it's the right thing to do.

603
00:32:02,440 --> 00:32:05,040
Speaker 1: More and more companies are saying we're trying to source

604
00:32:05,120 --> 00:32:08,920
Speaker 1: from American manufacturers because it's the more economical thing to do.

605
00:32:09,360 --> 00:32:11,560
Speaker 1: We're never going to produce things cheaper than they do

606
00:32:12,160 --> 00:32:15,040
Speaker 1: in China and places in Asia, but we're starting to

607
00:32:15,200 --> 00:32:18,160
Speaker 1: realize we need to bring more and more manufacturing back

608
00:32:18,200 --> 00:32:21,600
Speaker 1: to the United States, and that's a good thing. Advice

609
00:32:21,720 --> 00:32:25,080
Speaker 1: time here. If you could go back in time, give

610
00:32:25,120 --> 00:32:27,720
Speaker 1: your twenty one year old self some advice. What would

611
00:32:27,720 --> 00:32:32,040
Speaker 1: that advice be? Mind your own business. That's simple, Yeah,

612
00:32:32,360 --> 00:32:35,000
Speaker 1: not mind your own business in a petty way. Mind

613
00:32:35,040 --> 00:32:40,120
Speaker 1: your own business, meaning focus on yourself, work hard on yourself,

614
00:32:40,200 --> 00:32:42,680
Speaker 1: don't be hard on yourself. We keep looking at what

615
00:32:42,800 --> 00:32:46,120
Speaker 1: other people do and what other people have and minding

616
00:32:46,320 --> 00:32:50,080
Speaker 1: their success and using that as a marker for our own.

617
00:32:50,560 --> 00:32:53,719
Speaker 1: I remember there was once when I worked in banking,

618
00:32:54,320 --> 00:32:58,920
Speaker 1: somebody who got a huge opportunity that I thought I

619
00:32:58,960 --> 00:33:01,960
Speaker 1: should get, and I would dying over it, like I

620
00:33:02,200 --> 00:33:04,680
Speaker 1: was in a bathroom, saw losing my mind, crying like

621
00:33:04,800 --> 00:33:06,520
Speaker 1: you gotta be kidding me. And I went to go

622
00:33:06,600 --> 00:33:08,960
Speaker 1: see somebody who's sort of a mentor of mind and

623
00:33:09,160 --> 00:33:11,840
Speaker 1: like this is bullshit, Like I'm gonna bury this person

624
00:33:12,080 --> 00:33:14,680
Speaker 1: like I can't believe this happened. And he said to me,

625
00:33:15,040 --> 00:33:18,200
Speaker 1: somebody else's success could probably be explained in three ways.

626
00:33:18,600 --> 00:33:23,680
Speaker 1: Either they are a super super talent that you don't

627
00:33:23,720 --> 00:33:25,600
Speaker 1: realize and maybe you're not as good as you think.

628
00:33:25,640 --> 00:33:28,760
Speaker 1: That's category one, so you won't help you trying to

629
00:33:28,800 --> 00:33:32,200
Speaker 1: bury them. Category too, they're hooked up. The CEO of

630
00:33:32,280 --> 00:33:34,880
Speaker 1: the company loves them, They get a customer who worships

631
00:33:34,920 --> 00:33:37,240
Speaker 1: them like they are just in the hook up alley,

632
00:33:37,280 --> 00:33:39,600
Speaker 1: and you're not in it. That category two or category three,

633
00:33:40,000 --> 00:33:42,440
Speaker 1: there are frauds, just like you say. They bullshitted their

634
00:33:42,480 --> 00:33:44,360
Speaker 1: way up. It's never gonna work out, and they're gonna

635
00:33:44,360 --> 00:33:46,480
Speaker 1: blow themselves up in a year. So why be the

636
00:33:46,600 --> 00:33:49,320
Speaker 1: person they try to bury them along the way? Be

637
00:33:49,440 --> 00:33:51,920
Speaker 1: the good person that was minding your own business and

638
00:33:52,040 --> 00:33:55,960
Speaker 1: focus on your own success. Seems like the slow to blame,

639
00:33:56,120 --> 00:33:59,560
Speaker 1: quick to forgive philosophy of the world has got lost

640
00:33:59,600 --> 00:34:02,440
Speaker 1: a little bit. So I'm not gonna end this without,

641
00:34:02,560 --> 00:34:06,040
Speaker 1: of course, doing something very practical here. I'm going to

642
00:34:06,160 --> 00:34:09,279
Speaker 1: use your experience in news. If someone has a great

643
00:34:09,320 --> 00:34:12,440
Speaker 1: new product or service, they have some new development in

644
00:34:12,520 --> 00:34:15,359
Speaker 1: their business. How's the best way for them to get

645
00:34:15,440 --> 00:34:20,480
Speaker 1: news coverage? Start telling their story themselves. Do it on TikTok,

646
00:34:21,040 --> 00:34:24,200
Speaker 1: do it on Instagram. Start showing it. Don't do it

647
00:34:24,280 --> 00:34:26,840
Speaker 1: with a PR firm. Don't do it with the pitch.

648
00:34:27,840 --> 00:34:31,200
Speaker 1: Start showing it and I think it will get picked up.

649
00:34:31,920 --> 00:34:34,480
Speaker 1: Someone's going, great stuff. I'm in Iowa. How can I

650
00:34:34,600 --> 00:34:37,120
Speaker 1: do that? You know how you can do it? DM me.

651
00:34:37,680 --> 00:34:40,600
Speaker 1: We're journalists. We're all looking for ideas, and I'm not

652
00:34:40,719 --> 00:34:43,400
Speaker 1: looking for one from a PR firm. You know, we

653
00:34:43,520 --> 00:34:46,319
Speaker 1: live in an age of Shark Tank, where the Mark

654
00:34:46,400 --> 00:34:49,960
Speaker 1: Cubans of the world discover all sorts of businesses. Tell

655
00:34:50,040 --> 00:34:53,560
Speaker 1: your story. You can do it. We end each episode

656
00:34:53,560 --> 00:34:55,920
Speaker 1: of Math and Magic the same way. We do a

657
00:34:56,040 --> 00:34:58,600
Speaker 1: shout out to the greats in the world of analytics,

658
00:34:59,239 --> 00:35:02,000
Speaker 1: and the crea is the math people for the analytics,

659
00:35:02,160 --> 00:35:05,120
Speaker 1: the magicians, if you will, for the wildly creative parts.

660
00:35:05,160 --> 00:35:07,240
Speaker 1: And it takes both of those to have great business,

661
00:35:07,360 --> 00:35:10,920
Speaker 1: great ideas, great products. Who is your choice for the

662
00:35:11,040 --> 00:35:14,400
Speaker 1: best in math? Someone who blows my mind, who I

663
00:35:14,480 --> 00:35:17,040
Speaker 1: think is sort of the ultimate, would be Mike Bloomberg.

664
00:35:17,520 --> 00:35:21,360
Speaker 1: Mike Bloomberg figured out there is a product that Wall

665
00:35:21,440 --> 00:35:25,720
Speaker 1: Street means and I'm going to perfect is one single product.

666
00:35:25,920 --> 00:35:27,640
Speaker 1: I'm not going to go outside my lane. I'm not

667
00:35:27,680 --> 00:35:29,480
Speaker 1: gonna go too broad, I'm not gonna go too big.

668
00:35:29,920 --> 00:35:33,560
Speaker 1: I'm gonna fill this hole for Wall Street how they

669
00:35:33,640 --> 00:35:39,760
Speaker 1: can communicate and price assets. And once I perfect this product,

670
00:35:40,640 --> 00:35:43,440
Speaker 1: I'm going to charge an enormous amount of money for it,

671
00:35:43,760 --> 00:35:47,680
Speaker 1: so I have no competition, and I'm choosing the highest

672
00:35:47,840 --> 00:35:50,000
Speaker 1: end market where they can afford it, and I'm going

673
00:35:50,040 --> 00:35:52,480
Speaker 1: to charge them an enormous amount of money and never

674
00:35:52,600 --> 00:35:54,960
Speaker 1: ever ever give them a break. And that's what he did.

675
00:35:55,640 --> 00:35:59,920
Speaker 1: He is a brilliant risk manager. And who in math

676
00:36:00,040 --> 00:36:03,520
Speaker 1: you don't laugh at this one. It's Harry Styles. I

677
00:36:03,600 --> 00:36:06,400
Speaker 1: didn't even know that much about Harry Styles. And a

678
00:36:06,480 --> 00:36:09,080
Speaker 1: few months ago Harry Styles performed on The Today Show

679
00:36:09,120 --> 00:36:11,239
Speaker 1: and I brought my daughter to go see him. I

680
00:36:11,280 --> 00:36:13,000
Speaker 1: went in like, oh, he came from a boy band.

681
00:36:13,760 --> 00:36:19,719
Speaker 1: He has Mick Jagger charisma and rock star status. Everything

682
00:36:19,880 --> 00:36:24,120
Speaker 1: about this artist is absolute magic. The morning I saw

683
00:36:24,200 --> 00:36:26,640
Speaker 1: Harry Styles performed, that night, I went to a dinner

684
00:36:26,960 --> 00:36:30,680
Speaker 1: the Mark Benning off of Salesforce hosted, and Matt Damon

685
00:36:30,800 --> 00:36:33,200
Speaker 1: was sitting next to me, Matt Damon, right born identity.

686
00:36:33,320 --> 00:36:35,040
Speaker 1: And I turned him and I said that I know

687
00:36:35,160 --> 00:36:37,200
Speaker 1: I should be sitting here so excited to sit next

688
00:36:37,200 --> 00:36:39,359
Speaker 1: to you and blown away, and I am. And I said,

689
00:36:39,400 --> 00:36:42,200
Speaker 1: if I have to tell you, I saw Harry Styles

690
00:36:42,239 --> 00:36:44,880
Speaker 1: performed this morning, and I've never seen a star like

691
00:36:45,040 --> 00:36:47,040
Speaker 1: this in my life. And are you ready for what

692
00:36:47,160 --> 00:36:50,200
Speaker 1: Matt Damon said to me, Bob, he said, stay no more,

693
00:36:50,600 --> 00:36:53,160
Speaker 1: he said, I'm Matt Damon. He said, my wife has

694
00:36:53,200 --> 00:36:56,279
Speaker 1: gotten to meet celebrities do incredible things. You know, he

695
00:36:56,400 --> 00:36:58,600
Speaker 1: rattled off. He's like, you know, I know George Clooney

696
00:36:58,640 --> 00:37:00,400
Speaker 1: and Brad Pitt. We've got all these love of buy

697
00:37:00,400 --> 00:37:03,200
Speaker 1: any good And in all my years with her, the

698
00:37:03,400 --> 00:37:06,400
Speaker 1: one thing my wife has ever asked me for in

699
00:37:06,480 --> 00:37:09,919
Speaker 1: the world of celebrity and entertainment its tickets to see

700
00:37:10,000 --> 00:37:13,320
Speaker 1: Harry Styles with my daughters tomorrow. When his album dropped.

701
00:37:13,640 --> 00:37:16,000
Speaker 1: He said, you are not alone. So when I tell

702
00:37:16,040 --> 00:37:19,160
Speaker 1: you I think pure magic is Harry Styles, I'm not alone.

703
00:37:19,160 --> 00:37:22,120
Speaker 1: Matt dame Won agrees with me. There you go, Mathew Magic,

704
00:37:22,520 --> 00:37:25,480
Speaker 1: Mike Bloomberg and Harry Styles. Probably the only time those

705
00:37:25,520 --> 00:37:28,560
Speaker 1: two are on the stage together Stephanie, You've got an

706
00:37:28,560 --> 00:37:32,760
Speaker 1: amazing story, You've got wonderful insights. Thanks for sharing it today.

707
00:37:33,160 --> 00:37:37,759
Speaker 1: Thanks for having me, Bob, I love you. Here are

708
00:37:37,800 --> 00:37:40,480
Speaker 1: a few lessons I've picked up in my conversation with Stephanie.

709
00:37:40,880 --> 00:37:45,279
Speaker 1: One new should offer insightful perspective, a middle ground between

710
00:37:45,320 --> 00:37:49,880
Speaker 1: objectivity and bias. As Stephanie said, the best journalism tells

711
00:37:50,000 --> 00:37:54,200
Speaker 1: the story and why it matters. Too has proceed at

712
00:37:54,239 --> 00:37:57,080
Speaker 1: the table, whether it's writing letters to bankers in college

713
00:37:57,200 --> 00:37:59,840
Speaker 1: or insisting on going to business dinners with their bosses.

714
00:38:00,200 --> 00:38:04,919
Speaker 1: Stephanie got where she is today because she advocated for herself. Three.

715
00:38:05,360 --> 00:38:08,560
Speaker 1: Mind your own business. As Stephanie says, don't compare yourself

716
00:38:08,640 --> 00:38:13,319
Speaker 1: to others. Just work hard and follow your passion. I'm

717
00:38:13,400 --> 00:38:19,200
Speaker 1: Bob Pittman. Thanks for listening. That's it for today's episode.

718
00:38:19,360 --> 00:38:21,400
Speaker 1: Thanks so much for listening to Math and Matchic, a

719
00:38:21,480 --> 00:38:23,840
Speaker 1: production of I Heart Radio. The show is hosted by

720
00:38:23,880 --> 00:38:26,640
Speaker 1: Bob Pittman. Special thanks to Susan Ward for booking and

721
00:38:26,680 --> 00:38:29,400
Speaker 1: wrangling our wonderful talent, which is no small fees. Marissa

722
00:38:29,440 --> 00:38:32,719
Speaker 1: Brown for pulling research. Our editors Derek Clements, Mary Dow

723
00:38:32,920 --> 00:38:36,240
Speaker 1: and Ryan Murdoch. Our producer Morgan Levoy, our executive producer

724
00:38:36,320 --> 00:38:39,920
Speaker 1: Nikki Eator and of course Gayle Broul, Eric Angel, Noel

725
00:38:40,120 --> 00:38:42,400
Speaker 1: and everyone who helped bring this show to your ears.

726
00:38:42,719 --> 00:38:43,600
Speaker 1: Until next time,