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Speaker 1: Building the Good Life with John Hope Bryant is brought

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Speaker 1: to you by Prudential Financial ultimately, and it's it's a

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Speaker 1: cliche to some degree, but it's some semblance. It's it's

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Speaker 1: it's some idea around the idea of frankly, of just

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Speaker 1: being persistent. I think that every person I've ever met

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Speaker 1: who has had any success, it never came easy. Ever,

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Speaker 1: it didn't just happen. A lot of people said, no, first,

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Speaker 1: you can't get discouraged. This is John Hope Bryant, and

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Speaker 1: this is building the Good Life. I have a very

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Speaker 1: special guest and a dear friend with me today, somebody

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Speaker 1: who actually has helped really shape my life in front

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Speaker 1: of a camera. We'll get into it. But if you've

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Speaker 1: ever seen me on CNBC squawk Box, which I think

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Speaker 1: is arguably the most important business show in the world today,

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Speaker 1: not just in the US, in the world, that was

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Speaker 1: Andrew Ross Sorkin. If you read about me in The

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Speaker 1: New York Times half a dozen years ago on what

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Speaker 1: I thought was an important story that was relationship capital

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Speaker 1: through Andrew Ross Sorkin. And he's not just done it

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Speaker 1: for me, He's done it for a lot of folks

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Speaker 1: where he's given them share of voice when he thought

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Speaker 1: they had something important to say. Let me, I'm getting

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Speaker 1: ahead of myself. Let me properly introduce you to my

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Speaker 1: fellow aquarium. We're both born in February. He's the nineteenth,

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Speaker 1: the six. I'm the sixty six. He's nineteen seventy seven.

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Speaker 1: Andrew Rush Sorkin is an American journalist and an author.

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Speaker 1: Much more than that I might ask. He's a fancier

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Speaker 1: columnist for The New York Times and a co anchor

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Speaker 1: for CNBC squad Box. He is also the founder and

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Speaker 1: editor of deal Book, a financial news and service published

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Speaker 1: by The New York Times, which doesn't tell the whole story.

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Speaker 1: He founded The Daniel Drain. He wrote the best sellers

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Speaker 1: Too Big to Fail, which also turned into a big movie.

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Speaker 1: He's also the co creator for one of my favorite

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Speaker 1: shows of all time, Billions. Sorkin graduated from Scarsdale High

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Speaker 1: School and earned a Bachelors of Science from Cornell University.

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Speaker 1: Really was College of Agri Culture and Life Sciences, Go figure,

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Speaker 1: but he specialized in communications. He's not, by the way,

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Speaker 1: related to Aaron Sortin. To those who are curious, are

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Speaker 1: Ira police Sorgan. He's his own dude, through and through.

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Speaker 1: He's lived through all the financial crisis that you and

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Speaker 1: I are aware of. He's people call me a conscious

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Speaker 1: on capitalism, some CEOs and leaders. I believe he's a

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Speaker 1: conscious on Wall Street. We're gonna get into hid the

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Speaker 1: heck he does that, because I don't know how he

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Speaker 1: does it and be an honest broker and and speak

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Speaker 1: truth of power and still stay in that seat I

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Speaker 1: want to get into. I believe the most important issue

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Speaker 1: of our day, other than the right to vote, which

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Speaker 1: is social justice through an economic lens. One of the

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Speaker 1: most consequential voices in media, I believe today, and certainly

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Speaker 1: one of the top ten voices in business in the

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Speaker 1: world today. My brother, my friend Andrew rush Sorton. Thank

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Speaker 1: you for having me. It's a privilege to be here

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Speaker 1: in congratulations to you on the new podcast. Thanks so much, man,

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Speaker 1: Thank you so mu funny that it's a role reversal.

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Speaker 1: This time I gets it. Usually I get to ask

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Speaker 1: you the question that's right, that's right, and cut me

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Speaker 1: off too. You can do you can do that to me.

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Speaker 1: I've learned the hard way. You gotta do it occasionally,

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Speaker 1: so if I go along, it's it's on. It's on

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Speaker 1: you to cut me off. Nothing rude about it. No,

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Speaker 1: if you go along, that means because you're passionate about

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Speaker 1: the topic. I didn't realize this, Andrew. You and I

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Speaker 1: were also young global leaders together. Did I Did we

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Speaker 1: see each other in the world? Do you do? You

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Speaker 1: not remember this story? So I'm and I will. You're

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Speaker 1: gonna think I'm pandering you. Now. We met in China,

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Speaker 1: Daly and China two thousand seven, and I didn't know

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Speaker 1: you from anybody, but I saw you at this thing.

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Speaker 1: We met briefly, we talked a little bit, but I

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Speaker 1: saw you talk and I saw you. I don't want

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Speaker 1: to say worked the room, but the way you you

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Speaker 1: moved through that room and the way you spoke. I

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Speaker 1: remember coming back to New York thinking myself, whoever that

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Speaker 1: guy is, that guy could like me the president. I

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Speaker 1: state one day, there's something going on with that guy,

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Speaker 1: John Hope Bryant. And that was the moment. That was

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Speaker 1: a moment for me because I thought, whoever that guy is,

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Speaker 1: that's you. Obviously, Uh, he's going somewhere, He's calling somewhere quick.

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Speaker 1: I do remember that that now that you mentioned it,

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Speaker 1: I met you and somehow as a result of that.

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Speaker 1: You know, this is a relationship capital. I keep talking

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Speaker 1: to everybody about a relationship. Capital is actually more important

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Speaker 1: than money. For those who say, oh, you know, you know,

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Speaker 1: money is the most important thing. No, you can win

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Speaker 1: the lottery and go broke, right, you can become a

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Speaker 1: basketball player and be dead broken five years uh after

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Speaker 1: you get the check. But beyond sort of sustenance poverty,

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Speaker 1: which is the roof over your head and food in

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Speaker 1: the table in health, health care, all other kind of poverties,

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Speaker 1: mindset and relationship capital is a door when you have

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Speaker 1: the right your mindset right that you that you walk

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Speaker 1: through that builds everything else. And Andrew did not have,

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Speaker 1: was not born with a silver spoon in his mouth.

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Speaker 1: Listened to the bio. I just just articulated to you.

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Speaker 1: Even he walks with kings and queens and CEOs of

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Speaker 1: companies and billionaires today as a as a as a

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Speaker 1: normal sort of map. He's very handsome, but we all

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Speaker 1: over conversate in different ways. Uh. He's used his um

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Speaker 1: humble beginnings as a way to remember everybody who's left behind.

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Speaker 1: He was an intern at the New York Times. That's

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Speaker 1: how he started there when he was in college and

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Speaker 1: went over to London, did some work over there, was

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Speaker 1: became the top mergers and acquisitions reporter for the New

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Speaker 1: York Times. Uh and has these multiple worlds now you know,

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Speaker 1: book author, uh billions. It is like just everything to me.

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Speaker 1: And that show in and uh yellow Stone like got

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Speaker 1: me completely addicted. Um and I didn't even know he

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Speaker 1: was doing that, but he produced that. And but this

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Speaker 1: is not about the accolades. This is not about the

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Speaker 1: squawk box. This is about getting underneath that and saying,

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Speaker 1: why are you doing all this stuff and why do

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Speaker 1: you do it the way you do it? Like you

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Speaker 1: could just sit around and pander all day and get

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Speaker 1: away with it because you're you know, you're trying to

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Speaker 1: get the next interview with this billionaire, this ceo. You

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Speaker 1: know he Andrew is the one who broke the news

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Speaker 1: about the murders of JP Morgan Chase or JP Morgan

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Speaker 1: and Chase and broke the news I believe on IBM

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Speaker 1: and a bunch of other companies that he can talk about.

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Speaker 1: He was there in two thousand nine. He wrote this

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Speaker 1: book Too Big to Fail, the two now nine crisis.

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Speaker 1: But he's always speaking to truth to power Andrew, how

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Speaker 1: do you do it? And more importantly, why do you

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Speaker 1: do it? Why? Why don't you just lay back and

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Speaker 1: just take the check like everybody else that appears there

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Speaker 1: a lot of people and just go along with the program.

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Speaker 1: Why are you walking the road less travel is much

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Speaker 1: more dangerous, is much more risk for you to basically

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Speaker 1: stick up for poor people and those left behind? Well,

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Speaker 1: two things. One is I'm one of these kind of

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Speaker 1: people like I think you are, who wants ultimately to

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Speaker 1: make a marginal difference at least in making the world

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Speaker 1: a better place. And so I think I think all

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Speaker 1: of the work I do comes from a place of

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Speaker 1: how do we fix it? How do we make it better? Uh?

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Speaker 1: You know, across everything, um and that could be in

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Speaker 1: the world of business, could be in the world of politics,

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Speaker 1: could be world world of arts. And so I think

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Speaker 1: my perspective sort of starts there. And to your question

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Speaker 1: about how do you do that or especially in light

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Speaker 1: of the fact that oftentimes that means calling out people

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Speaker 1: and being critical in certain cases, I think what I've

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Speaker 1: tried to do over the years is to be honest

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Speaker 1: and and be do it from a place where even

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Speaker 1: when I'm critical it comes from a place of and

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Speaker 1: I hope whoever I'm being critical of recognizes this. It's

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Speaker 1: coming from a place of one to make it better.

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Speaker 1: It's not that I'm trying to hit people over the

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Speaker 1: head for for for sport or for fun. I don't

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Speaker 1: get excited by calling people names. I don't. I don't

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Speaker 1: like that. That's not who I am. And I think

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Speaker 1: that's the extent that I've managed to be able to

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Speaker 1: um develop and maintain relationships over the years with people

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Speaker 1: uh in in parts of power, if you will, and

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Speaker 1: at the same time oftentimes make critical comments about sometimes

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Speaker 1: things that they do, what their institutions do. It's because

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Speaker 1: and and that that relationship is able to be maintained.

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Speaker 1: It's because I'm honest with them. Meaning oftentimes I will

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Speaker 1: call you in advance if I'm writing an article, UH

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Speaker 1: where I disagree with whatever is happening, and I'll say, Hey,

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Speaker 1: I disagree with what's going on here. I'm about to

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Speaker 1: write that I disagree with what's going on here. Tell

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Speaker 1: me every reason why I am wrong. Tell me, and

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Speaker 1: to the extent that I think there's merit to that,

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Speaker 1: I will include it. And by the way, even the

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Speaker 1: extent there isn't merrit is I will include your perspective. Um,

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Speaker 1: you know, not everybody's right. There's That's the thing about

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Speaker 1: think about the world is nothing is black and white ever,

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Speaker 1: So I may have one view on one side, someone

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Speaker 1: else may have an other of you on another side.

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Speaker 1: It's probably somewhere in the middle to begin with. And

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Speaker 1: I think it's partially the fact that I sort of

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Speaker 1: come to the table recognizing that and being willing to

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Speaker 1: engage that way that I think people go, okay, uh,

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Speaker 1: there's there's at least good will. It starts with goodwill.

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Speaker 1: So I think that's how you know, knock on wood,

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Speaker 1: I've been able to do it. Yeah. I wonder as

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Speaker 1: I listened to you, whether you're Jewish background, um inform

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Speaker 1: some of the decency because you, you know, you can

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Speaker 1: relate to struggle and and have empathy for folks um

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Speaker 1: who are unjust in maligne um as I can as

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Speaker 1: an African American. My pastor once told me John talked

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Speaker 1: without being offensive. This is why I'm hearing you saying,

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Speaker 1: By the way, talk without being offensive, Listen without being defensive,

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Speaker 1: and always leave even your adversary with their dignity because

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Speaker 1: if you don't, that's spend the rest of their life

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Speaker 1: trying to make you miserable. It becomes personal. So over mass,

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Speaker 1: not in it. And so in an odd way, what

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Speaker 1: you how you described how you approach life is how

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Speaker 1: I try to approach life. Don't rearrange the deck chairs

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Speaker 1: on the Titanic. Step over mess, not in it. Don't

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Speaker 1: win the battle, try to win the war. And if

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Speaker 1: you can Dr King's Andrew Youngest approach, have it win win.

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Speaker 1: You know this this podcast piece is not about journalism. Um,

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Speaker 1: but as I'm thinking about this, Andrew Dr King never

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Speaker 1: would have had a moving without the media. And uh,

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Speaker 1: I mean there are reporters who the actually this guy

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Speaker 1: wo worked for the New York Times who told Ambassador Young,

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Speaker 1: I've gotta be you know, why are you here in

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Speaker 1: this day whatever? The thing was a holiday? Look, you know, Ambassador,

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Speaker 1: I mean Dr King is marching. I gotta be here

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Speaker 1: because my editor said it is back in the sixties.

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Speaker 1: If he gets shot and I don't get the shot,

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Speaker 1: then then then I'm out of a job. And it's

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Speaker 1: horrible as that sounded. Ambasslaror Young respected the fact that

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Speaker 1: this reporter was honest about it, like he wasn't trying

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Speaker 1: to wish bad things. When Dr King, You're just saying,

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Speaker 1: if this this guy is walking history, and if something

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Speaker 1: happens and I'm not here in my head, and I

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Speaker 1: also want to make sure I'm telling the story and

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Speaker 1: making sure that people are held accountable. And this lost

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Speaker 1: art of telling the truth is what I'm hearing you say.

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Speaker 1: You do you try to tell the truth. And in

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Speaker 1: this world where you have we won't name broadcast. I

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Speaker 1: guess one conservative outlet on one side, and they, you know,

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Speaker 1: to rationalize and tell rationalize. Maybe a liberal or set

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Speaker 1: of liberal folks on the other side, they're doing the

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Speaker 1: same thing. No one's increasingly telling the truth. Are you

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Speaker 1: trying to tell the truth to power and make that

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Speaker 1: your franchise. Look, my franchise is hopefully just being honest

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Speaker 1: and hopefully telling the truth. And I think to some extent,

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Speaker 1: I like to think it's working. You know, you talked

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Speaker 1: about conservative media or liberal media or this and that.

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Speaker 1: I always find and I don't know if this suggests

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Speaker 1: it's working or not. I always find, you know, you

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Speaker 1: get responses on CNBC some of the viewers will say, oh,

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Speaker 1: your socialist, your communist, you know over at the New

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Speaker 1: York Times, they say, you know, you're a capitalist pig.

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Speaker 1: So it's you know because so so I like to

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Speaker 1: think that I'm somewhere somewhere in the middle, and I

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Speaker 1: think I think the middle is closer to the truth.

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Speaker 1: That's that's I think. I think that telling the truth,

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Speaker 1: even when it's inconvenient, uh, in the end, actually is

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Speaker 1: the most convenient, frankly, because it creates hopefully trust incredibility

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Speaker 1: with the audience. And when you when you do we

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Speaker 1: like you, when you know when you quote unquote try

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Speaker 1: to make a move, when when you actually try to

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Speaker 1: say something persuasive, you can only do it if the

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Speaker 1: other person on the other side believes you. And I

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Speaker 1: think that a lot of people, unfortunately have lost a

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Speaker 1: lot of credibility over the years because they put their

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Speaker 1: finger in the wind and try to do what was

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Speaker 1: the most convenient at the time. But it's becoming convenient now. Yes. Uh.

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Speaker 1: President Bill Clinton once said it's hard to get somebody

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Speaker 1: greed to the truth from the lie is paying their paycheck.

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Speaker 1: And um, I know when I watch you on CNBC

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Speaker 1: squawk Box, are see you on read about what you're

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Speaker 1: writing in the New York Times. I'm I'm gonna get

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Speaker 1: two things. I'm gonna get it straight, your version of

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Speaker 1: the truth, and I'm gonna get your ethical opinion about

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Speaker 1: it sort of weave through that, and I trust your

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Speaker 1: ethnical opinion. I think that that what we need now

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Speaker 1: is a radical movement of common sense. I think that

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Speaker 1: most of this country is is somewhere in the middle,

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Speaker 1: and they're not ultra liberal, they're not ultra conservatives. Somewhere

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Speaker 1: in the middle. We we pivot somewhere. It's probably you know,

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Speaker 1: we're probably you know, moderate, slightly conservative as a country

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Speaker 1: because we're a capitalist country. Um. But but I think

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Speaker 1: that we're right that most people are right down the middle.

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Speaker 1: They're just you know, decent human beings. And there and

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Speaker 1: I think you resonate because they trust you as a

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Speaker 1: decent human being even then when they disagree with you.

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Speaker 1: I would like the people think that people trust me

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Speaker 1: as a decent human being even when they had disagree

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Speaker 1: with me. They we can disagree without being disagreeable. And

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Speaker 1: and but the thing that fascinates me about you and

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Speaker 1: I want to get into the news. I'm gonna get

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Speaker 1: into the history. I want to get into this moment,

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Speaker 1: and and and and why. I think you and I

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Speaker 1: both believe this is a historical moment that both inspires

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Speaker 1: and depresses, distresses and maybe depresses us sometimes. But you know,

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Speaker 1: you could just sit on your your hands and get

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Speaker 1: your paycheck, do your thing, take care of your family.

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Speaker 1: Like a lot of folks, do you put it up?

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Speaker 1: You you put it all at risk every day, man,

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Speaker 1: I mean you don't mail it in. Uh. Sometimes you

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Speaker 1: hold your your mouth. I mean sometimes I think you

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Speaker 1: both like, I see you disgusted right now, but you're

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Speaker 1: not saying anything. And I get it right. But and

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Speaker 1: you know, some of our offline conversations are really about

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Speaker 1: you know, you're wondering whether you're having an impact. Let's

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Speaker 1: get underneath this because in some ways you're still that

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Speaker 1: In turn, you're still that Kia trying to push the truth.

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Speaker 1: Tell us about this moment. Is it different from two

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Speaker 1: thousand and nine? By the way, are the other economic

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Speaker 1: crisis that you've been through to the too big to

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Speaker 1: fail era? Are you more troubled now less troubled? What

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Speaker 1: are you troubled about? What are some moments that you

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Speaker 1: can share with the audience. I think today we are

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Speaker 1: in a whole different world than we were in two

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Speaker 1: thousand nine. Two thousand nine, uh, at best was addressed

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Speaker 1: rehearsal for what will come next. From the economic perspective,

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Speaker 1: We'll talk about future financial crisis, because I imagine there

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Speaker 1: will be one, but I look at the issues of

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Speaker 1: today as so very different, and frankly, we are in

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Speaker 1: such a better place, I would argue as a country

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Speaker 1: in in many many regards. I know we're living through

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Speaker 1: this new variant, and the pandemic has been terrible, and uh,

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Speaker 1: I think it's done some great damage to all of

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Speaker 1: our psyches. But in terms of what you're seeing in employment,

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Speaker 1: what you're seeing in terms of the shifts, in terms

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Speaker 1: of how in terms of culture, in terms of inside

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Speaker 1: these businesses, how business of treating employees, what they're doing,

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Speaker 1: how this is all working. I actually think we're on

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Speaker 1: a positive road now. Is it going fast enough? Shure?

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Speaker 1: It's not, of course it's not. But I do think

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Speaker 1: of all of this stuff as a journey. Um, And

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Speaker 1: I'm one of the more impatient people you'll ever meet.

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Speaker 1: But I met a guy about I don't know, ten

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Speaker 1: eleven years ago, and he said, you always got to

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Speaker 1: remember the three teas, and I said, what are the

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Speaker 1: three teams? He said, things take time and actually ran

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Speaker 1: into this guy really two weeks ago when I said

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Speaker 1: three teas, the three teams. I remember the three and

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Speaker 1: I think about the three teams a lot, because a

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Speaker 1: lot has changed in the decade, but you know, day

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Speaker 1: to day, it doesn't feel that way about those three teas.

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Speaker 1: Dr King was impatient. You gotta yeah it, things like time,

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Speaker 1: but you still gonna push. You gotta push, you gotta push.

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Speaker 1: And I think that I think the world has changed,

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Speaker 1: and I think you're starting to see a sort of

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Speaker 1: demonstrable almost revolution taking place inside business around their own

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Speaker 1: responsibilities about what they know. I think that I think

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Speaker 1: we're I think we are at some kind of point.

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Speaker 1: Is it a tipping point? I don't know, because I

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Speaker 1: don't know what it's gonna be like in five or

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Speaker 1: ten years now, But I think in this moment, in

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Speaker 1: the last i'd say eighteen months, the idea that businesses

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Speaker 1: are engaged in social and moral conversations is a complete

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Speaker 1: outlier on a relative historical basis to anything that's ever

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Speaker 1: happened before. Now. The question is is that because of

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Speaker 1: this unique in particular moment in we're in today and

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Speaker 1: that will turn out to be a historical aberration or

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Speaker 1: is it going to turn into the tipping point? And

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Speaker 1: five ten years from now, we're gonna look back at

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Speaker 1: this moment and say, wow, that actually was it? That

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Speaker 1: part I'm not sure about. So so let's let's get

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Speaker 1: into this. I mean, you have to put, you know,

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Speaker 1: an example of how you've pushed back in times where

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Speaker 1: it wasn't as sexy to do it as now as

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Speaker 1: you push back on hedge funds and their tax free life.

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Speaker 1: And you've you've you've you've got Washington during the Obama

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Speaker 1: administration to change some laws because it was going easy

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Speaker 1: on corporations, trying to hide the ball on taxes and

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Speaker 1: and you know, but and and and folks weren't even

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Speaker 1: paying attention then. But you're still pushing. But now now

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Speaker 1: we're in this moment that you that I would call

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Speaker 1: a historical moment. And history doesn't feel historic when you're

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Speaker 1: sitting and it just like it just feels like another day.

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Speaker 1: That doesn't mean it's not historic. But that's my job

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Speaker 1: and this I'm actually, this is my job to see

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Speaker 1: social justice through an economic lens. But but you again,

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Speaker 1: you could keep walking past as you say, this is

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Speaker 1: uh uh? You know what do you say? Transformational moment,

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Speaker 1: a transformational revolutions, revolutionary. Let's get into why is the revolutionary?

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Speaker 1: Give me some examples of of some you know. Is

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Speaker 1: it the voting rights piece that we dealt with? Is it?

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Speaker 1: Is it diversity inclusion? Is it? Is it capital access?

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Speaker 1: Is it? Is it? You know CEO standing up for

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Speaker 1: Uh when is the last time you saw CEO standing

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Speaker 1: up for social issues? Period? Five years ago, ten years ago?

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Speaker 1: But you didn't see but very few major fortune fifty

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Speaker 1: companies were doing that. A local businesses in the South. Ye.

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Speaker 1: Now every one of them is involved and engaged in

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Speaker 1: some way. Now we can be cynical and skeptical about

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Speaker 1: it too at the same time and say, a lot

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Speaker 1: of it may very well be lip service, and it

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Speaker 1: may a lot of it doesn't cost money, and it may.

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Speaker 1: But I think you're starting to see stuff that actually

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Speaker 1: does cost money, that is actually going to eat into

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Speaker 1: um at least the you know, tomorrow's profits because people

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Speaker 1: are investing in doing stuff that they weren't doing five

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Speaker 1: fifteen years ago. And I think that that's around diversity.

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Speaker 1: I think in the in the aftermath the murder of George,

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Speaker 1: what you saw companies make a real commitment that to

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Speaker 1: actually change the culture of a lot of companies in

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Speaker 1: terms of how they think about diversity. For example, I think,

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Speaker 1: uh similarly around LGBT issues. I think similarly around voting rights.

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Speaker 1: Still obviously very controversial. A lot of companies sort of

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Speaker 1: hemming hard and there's a little bit of lip service

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Speaker 1: here and a little bit of lip service there. But

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Speaker 1: think about this. Kenchon al Ken Frasier put together seventy

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Speaker 1: five other originally African American executives to publish an ad

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Speaker 1: in The New York Times calling on effectively their white peers,

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Speaker 1: calling out their white peers in CEO Land to to

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Speaker 1: change their ways into and to get behind this voting

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Speaker 1: rights issue. They've never done anything like that before. And

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Speaker 1: I would argue they didn't do anything like that before

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Speaker 1: in part because they didn't feel they could. By the way,

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Speaker 1: they weren't comfortable enough for the audience's sake. Kat with

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Speaker 1: CEO of American Spress happens to be black, and Frasier

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Speaker 1: with CEO is at merk yep and and the truth is,

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Speaker 1: and they'll tell you this. They've been talking to a

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Speaker 1: number of other executives, uh oftentimes white CEOs at other

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Speaker 1: at other institutions who were saying, look, if you do this,

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Speaker 1: we'll come out and support you. We just don't know

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Speaker 1: if we can be the first out the game. Actually,

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Speaker 1: and so I think again, I think that there's a

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Speaker 1: sort of change in mindset around what it means to

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Speaker 1: be a leader, what it means to be a CEO today,

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Speaker 1: and and by the way, what it means to be

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Speaker 1: an employee. A lot of this is happening as an

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Speaker 1: economic function of the fact that employees have more power

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Speaker 1: than they've had in a very very long time, and

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Speaker 1: large park is actually the labor market, despite the pandemic,

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Speaker 1: is actually remarkably tight, and the expectations that employees now

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Speaker 1: have about the role of the company they worked for

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Speaker 1: has changed such that they're ready to walk out the

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Speaker 1: door and go across the street if they don't necessarily

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Speaker 1: green with the moral or social implications or political implications

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Speaker 1: of what a company that they work for. Dot All right,

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Speaker 1: this is John Hope Bryant and The Building The Good

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Speaker 1: Life podcast is brought to you by Prudential for over

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Speaker 1: one and forty five years. Millions of people have Countera

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Speaker 1: and Prudential to help solve for life's most important financial needs.

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Speaker 1: Because at Prudential they live their purpose to make lives

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Speaker 1: better by solving the most pressing financial challenges of our

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Speaker 1: changing world. Crudential will continue to focus on financial literacy,

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Speaker 1: nancial education, business development, and opportunities to provide financial products

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Speaker 1: and services of those disproportionately impacted here and around the world.

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Speaker 1: This is doing well by doing good. And I'm John

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Speaker 1: Hopebryan so so on the voting rights issue first of

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Speaker 1: all in agreement for those aren't familiar. And we're gonna

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Speaker 1: have a bachelor young on this series where we had

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Speaker 1: to get into this with him. He was the right

428
00:22:56,600 --> 00:22:59,040
Speaker 1: arm that Dr King was on that balcony when Dr

429
00:22:59,119 --> 00:23:03,320
Speaker 1: King was assassinated April four nine. I believe we'll have

430
00:23:03,880 --> 00:23:07,320
Speaker 1: others like um Ed Bashton, CEO of Delta On, But

431
00:23:08,200 --> 00:23:10,880
Speaker 1: I remember on this point Andrew uh when the whole

432
00:23:10,920 --> 00:23:14,800
Speaker 1: voting rights thing was happening. Ed Bashton called me Um

433
00:23:14,840 --> 00:23:17,840
Speaker 1: and he had been asked by uh Ken and Ken

434
00:23:18,160 --> 00:23:21,399
Speaker 1: to sign on to the CEO pledge. But he called me.

435
00:23:21,400 --> 00:23:23,119
Speaker 1: He was like John. It was it was nin o'clock

436
00:23:23,160 --> 00:23:25,560
Speaker 1: at night, Can I talk to you? Sure? Look, I'm

437
00:23:25,560 --> 00:23:27,680
Speaker 1: happy to sign this letter and all like, that's that's fine,

438
00:23:27,680 --> 00:23:29,280
Speaker 1: But this is deeper to me. He said, I've got

439
00:23:29,280 --> 00:23:33,320
Speaker 1: employees who are listen, they're they're broken up about this.

440
00:23:33,440 --> 00:23:36,160
Speaker 1: I've got you know, I've got people stopped me in airports.

441
00:23:36,160 --> 00:23:39,280
Speaker 1: I've got you know, I've got shareholders, I've got people

442
00:23:39,280 --> 00:23:41,879
Speaker 1: are really broken up about this. And you know, I

443
00:23:42,400 --> 00:23:45,320
Speaker 1: thought that we had helped me and other CEO's to

444
00:23:45,359 --> 00:23:48,800
Speaker 1: pull bad things out of that State of Georgia proposed legislation.

445
00:23:49,240 --> 00:23:51,959
Speaker 1: But after talking to my employees, I realized I couldn't

446
00:23:52,000 --> 00:23:55,960
Speaker 1: just stop with stopping bad things after putting myself in

447
00:23:56,000 --> 00:23:59,119
Speaker 1: the shoes of my African American employees, I had to

448
00:23:59,160 --> 00:24:02,399
Speaker 1: actually start doing some good things at a standard for something.

449
00:24:02,880 --> 00:24:06,600
Speaker 1: And then the next morning he said, I believe that

450
00:24:06,680 --> 00:24:08,359
Speaker 1: the right to vote is I don't want to put

451
00:24:08,400 --> 00:24:10,080
Speaker 1: words in his mouth, but essentially he said, it's you know,

452
00:24:10,119 --> 00:24:13,080
Speaker 1: it's like breathing. I mean, it's it's non negotiable, and

453
00:24:13,160 --> 00:24:16,080
Speaker 1: we stand for the right to vote. You know, say

454
00:24:16,080 --> 00:24:18,440
Speaker 1: what you will about that. And he got a lot

455
00:24:18,480 --> 00:24:22,639
Speaker 1: of crap uh for saying that. Uh, Andrew and doing that,

456
00:24:22,760 --> 00:24:25,639
Speaker 1: and and and you know, you know, I believe it's

457
00:24:25,760 --> 00:24:28,520
Speaker 1: I believe that some wanted, you know, to ding him

458
00:24:28,520 --> 00:24:30,199
Speaker 1: professionally for that. I can't go into a lot of

459
00:24:30,240 --> 00:24:32,360
Speaker 1: details about what I really know, but I can tell

460
00:24:32,359 --> 00:24:33,720
Speaker 1: you he took a lot of risks. It was not

461
00:24:33,840 --> 00:24:39,000
Speaker 1: risk free. Now, luckily a bunch of CEOs a hundred

462
00:24:39,040 --> 00:24:41,399
Speaker 1: actually piled in behind him. It was the first, it

463
00:24:41,440 --> 00:24:43,439
Speaker 1: was two, that it was four, and all of a sudden,

464
00:24:43,440 --> 00:24:49,160
Speaker 1: the thing that was risky what became prophetic um and

465
00:24:49,160 --> 00:24:51,520
Speaker 1: and now bekatting. Now it's called a common knowledge or

466
00:24:51,720 --> 00:24:54,920
Speaker 1: common you know, for CEOs to say, yeah, the right

467
00:24:54,920 --> 00:24:56,879
Speaker 1: to vote is a good thing. But this doesn't This

468
00:24:56,920 --> 00:24:59,560
Speaker 1: doesn't come without folks leaning in. And I think that

469
00:24:59,600 --> 00:25:01,159
Speaker 1: when you come on and you say what you have

470
00:25:01,240 --> 00:25:03,960
Speaker 1: to say, uh, to a lesser degree, when I come

471
00:25:04,000 --> 00:25:06,320
Speaker 1: on and other people, I think it begins to give

472
00:25:07,760 --> 00:25:12,320
Speaker 1: CEO is in the main a bit more courage to

473
00:25:12,320 --> 00:25:15,640
Speaker 1: to live their values and to see their values as

474
00:25:15,680 --> 00:25:19,359
Speaker 1: part of this living organism called a corporation. Can a

475
00:25:19,400 --> 00:25:22,760
Speaker 1: corporation be a force for good and not just a

476
00:25:22,800 --> 00:25:25,119
Speaker 1: force for profit? I think the answer is yes. What

477
00:25:25,119 --> 00:25:27,760
Speaker 1: do you say? I think the answer absolutely is yes.

478
00:25:28,200 --> 00:25:29,920
Speaker 1: But I think to the point that you've just made

479
00:25:29,920 --> 00:25:33,600
Speaker 1: about a bastion and Delta, you know this wasn't just

480
00:25:33,840 --> 00:25:35,760
Speaker 1: in the end whip service for them, because there was

481
00:25:35,800 --> 00:25:38,040
Speaker 1: a cost to If you remember, the Georgia House was

482
00:25:38,119 --> 00:25:41,000
Speaker 1: threatening Delta in terms of some of the tax breaks

483
00:25:41,840 --> 00:25:45,159
Speaker 1: to strip Delta of some some some tax breaks that

484
00:25:45,200 --> 00:25:47,560
Speaker 1: they were going to be getting from the state because

485
00:25:47,600 --> 00:25:49,840
Speaker 1: of the position they were taking. And I think you're

486
00:25:49,840 --> 00:25:55,400
Speaker 1: starting to see a number of companies around the country

487
00:25:55,400 --> 00:25:59,920
Speaker 1: that have been outspoken, um get get the slap back

488
00:26:00,080 --> 00:26:03,440
Speaker 1: if you will, from certain politicians at certain states. And

489
00:26:03,480 --> 00:26:06,040
Speaker 1: that's that's the other sort of the flip side of

490
00:26:06,040 --> 00:26:08,840
Speaker 1: this dynamic, which is you have a lot of folks

491
00:26:08,880 --> 00:26:11,520
Speaker 1: and CEOs and companies who want to make a statement

492
00:26:11,600 --> 00:26:15,840
Speaker 1: on one side, but there is now in certain cases

493
00:26:15,840 --> 00:26:18,840
Speaker 1: a cost to it. It's not just you know, what's

494
00:26:18,880 --> 00:26:21,480
Speaker 1: gonna happen to the customers, it's what's gonna happen politically,

495
00:26:21,480 --> 00:26:23,840
Speaker 1: and politically they can regulate you, they can tax you,

496
00:26:23,840 --> 00:26:26,480
Speaker 1: they can do lots of things. And so that's why

497
00:26:26,480 --> 00:26:28,639
Speaker 1: I said we could be at a tipping point today

498
00:26:29,320 --> 00:26:31,199
Speaker 1: or maybe not, because I also think that there's a

499
00:26:31,200 --> 00:26:34,960
Speaker 1: lot of executives over the last year or so that

500
00:26:35,000 --> 00:26:36,640
Speaker 1: I've watched a lot of this back and forth. They've

501
00:26:36,640 --> 00:26:41,040
Speaker 1: watched Mark or Rubio, you know, publicly condemned companies that

502
00:26:41,119 --> 00:26:44,440
Speaker 1: have spoken out about voting rights, who then call out

503
00:26:44,440 --> 00:26:46,680
Speaker 1: these same companies for being hypocrites because they do business

504
00:26:46,680 --> 00:26:50,480
Speaker 1: in China for human over human rights and the implications

505
00:26:50,480 --> 00:26:53,240
Speaker 1: of that. So that's what this is all very tricky.

506
00:26:53,280 --> 00:26:56,959
Speaker 1: We are in a very tricky circumstances, and there is

507
00:26:57,000 --> 00:27:01,600
Speaker 1: no genuine framework for how you make these calls. Business

508
00:27:01,600 --> 00:27:04,120
Speaker 1: has always been a frameworks. People like to have a

509
00:27:04,240 --> 00:27:08,159
Speaker 1: sort of frame for how they do everything, and these

510
00:27:08,200 --> 00:27:10,960
Speaker 1: types of decisions don't seem to fit neatly into any

511
00:27:10,960 --> 00:27:14,679
Speaker 1: of them, right And and you know, for for the

512
00:27:14,720 --> 00:27:17,440
Speaker 1: longest time, these issues fit into the nice box called

513
00:27:17,480 --> 00:27:21,439
Speaker 1: civil rights, and it was business was almost insulated from it.

514
00:27:21,720 --> 00:27:25,200
Speaker 1: And there's a there's a whole infrastructure that is almost

515
00:27:25,200 --> 00:27:30,000
Speaker 1: a hundred years old around civil rights and legislation, policy, infrastructure, systems,

516
00:27:30,080 --> 00:27:33,240
Speaker 1: organizations from you know, the a c P, the Urban League,

517
00:27:33,440 --> 00:27:35,679
Speaker 1: all these great organizations doing this great work. But as

518
00:27:35,720 --> 00:27:39,320
Speaker 1: we move from civil rights in the streets two silver

519
00:27:39,480 --> 00:27:44,359
Speaker 1: rights in the suites. Uh, I think that voices like

520
00:27:44,400 --> 00:27:47,360
Speaker 1: yours are pioneering. I think that that. I mean Dr

521
00:27:47,440 --> 00:27:50,320
Speaker 1: King could not have a movement without the media. Uh,

522
00:27:50,400 --> 00:27:53,399
Speaker 1: Nelson Mandela would not have had a movement without the media.

523
00:27:53,600 --> 00:27:56,240
Speaker 1: Gandhi would not have had a movement without the media.

524
00:27:56,240 --> 00:27:57,760
Speaker 1: Mother Treesa would not have had a would not have

525
00:27:57,800 --> 00:28:01,280
Speaker 1: had a movement without the media. kN Channault and Ken

526
00:28:01,320 --> 00:28:05,200
Speaker 1: Frasier would not have had uh gravitas without them coming

527
00:28:05,200 --> 00:28:07,560
Speaker 1: on your show and others and other ceo seeing that

528
00:28:07,600 --> 00:28:10,480
Speaker 1: going yeah, we can do that too. I mean, I'm

529
00:28:10,520 --> 00:28:13,680
Speaker 1: called a conscious on capitalism because primarily of my uh

530
00:28:13,760 --> 00:28:17,159
Speaker 1: constant you know, pounding of the same drum on shows

531
00:28:17,200 --> 00:28:20,520
Speaker 1: like yours. So the media has an extraordinarily important role

532
00:28:20,600 --> 00:28:23,960
Speaker 1: to play in bridging us into this new world and

533
00:28:24,040 --> 00:28:27,680
Speaker 1: framing out the lens that we need to see going forward.

534
00:28:28,440 --> 00:28:32,119
Speaker 1: But media is also being attacked and fractured right now,

535
00:28:32,200 --> 00:28:33,800
Speaker 1: which is why I keep coming back to the fact

536
00:28:33,840 --> 00:28:36,680
Speaker 1: that you've made this simple and just aside, you're gonna

537
00:28:36,720 --> 00:28:41,920
Speaker 1: stand for something before instead of falling for anything. So

538
00:28:42,000 --> 00:28:43,720
Speaker 1: we're we're in this, and we're in this in deep

539
00:28:43,760 --> 00:28:47,400
Speaker 1: inflection point where nothing you're standing on is solid. But

540
00:28:47,480 --> 00:28:49,840
Speaker 1: yet you still have the Ed bastions of Delta. You

541
00:28:49,880 --> 00:28:53,120
Speaker 1: still have the the Dan Shulman's of PayPal, you still

542
00:28:53,160 --> 00:28:56,720
Speaker 1: have the uh, the John Donojo's of Nike, you still

543
00:28:56,720 --> 00:28:59,360
Speaker 1: have the Doug millions of Walmart. I mean, as you know,

544
00:28:59,680 --> 00:29:02,840
Speaker 1: I mean, you encourage me to go do this financial

545
00:29:02,880 --> 00:29:05,920
Speaker 1: literacy thing and push it into every every, every piece

546
00:29:05,920 --> 00:29:08,400
Speaker 1: of American society. And you, you quietly you're pushing that

547
00:29:08,440 --> 00:29:11,600
Speaker 1: Tony Restaurants pushing me and now Douglant mill and the

548
00:29:11,600 --> 00:29:14,200
Speaker 1: CEO of the Fortune the largest fortunate I've heard your

549
00:29:14,240 --> 00:29:17,719
Speaker 1: company in the world in America arguably now the largest

550
00:29:17,720 --> 00:29:21,200
Speaker 1: in the world. Now Walmart is co chair with me

551
00:29:21,240 --> 00:29:23,720
Speaker 1: on financial literacy for all, trying to get financial literacy

552
00:29:23,720 --> 00:29:26,360
Speaker 1: as a civil rights issue in art nation and embedded

553
00:29:26,360 --> 00:29:27,960
Speaker 1: in the business plan of companies. I don't want to

554
00:29:28,480 --> 00:29:31,080
Speaker 1: pivot this conversation yet into that direction. I'm just giving

555
00:29:31,120 --> 00:29:35,240
Speaker 1: some indication there are some good guys and ladies Ross Brewer,

556
00:29:36,600 --> 00:29:39,240
Speaker 1: others who are making a change. What inspires you the

557
00:29:39,240 --> 00:29:42,600
Speaker 1: most right now, some examples, specific examples of leaders, what

558
00:29:42,880 --> 00:29:44,600
Speaker 1: troubles you the most, into the extent that you can

559
00:29:44,640 --> 00:29:47,760
Speaker 1: say it specific examples of leaders or companies. I'm gonna

560
00:29:47,800 --> 00:29:51,120
Speaker 1: take the second first if I can, and and I'm

561
00:29:51,400 --> 00:29:54,520
Speaker 1: I'm troubled by it, but it's not a moral trouble.

562
00:29:54,760 --> 00:29:57,040
Speaker 1: It's actually a trouble that I'm trying to and maybe

563
00:29:57,080 --> 00:29:59,000
Speaker 1: you can help me. I'm trying to get my head

564
00:29:59,000 --> 00:30:03,280
Speaker 1: around it myself, which is I think we have a

565
00:30:03,280 --> 00:30:05,480
Speaker 1: lot of businesses that want to do the right thing,

566
00:30:05,800 --> 00:30:07,200
Speaker 1: and we have a lot of business leader who want

567
00:30:07,200 --> 00:30:10,960
Speaker 1: to do the right thing. And then I think about China.

568
00:30:11,480 --> 00:30:14,560
Speaker 1: For example, you mentioned John Donahoe, somebody I have a

569
00:30:14,640 --> 00:30:18,040
Speaker 1: deep respect for who runs Nike. Uh. Tim Cook similar

570
00:30:18,160 --> 00:30:20,239
Speaker 1: similar story at Apple, deep perspect for him. I think

571
00:30:20,240 --> 00:30:25,440
Speaker 1: he's a very thoughtful, um thoughtful man who's who's trying

572
00:30:25,920 --> 00:30:30,120
Speaker 1: to do the right thing. Okay, now it is clear

573
00:30:30,560 --> 00:30:32,760
Speaker 1: that there are human rights violations going on in China,

574
00:30:32,960 --> 00:30:38,080
Speaker 1: no question. Let's just stipulate that from the outset or

575
00:30:38,080 --> 00:30:42,800
Speaker 1: worse or worse or worse, most of those executives do

576
00:30:42,920 --> 00:30:49,520
Speaker 1: not feel comfortable speaking out publicly against those human rights

577
00:30:49,600 --> 00:30:54,680
Speaker 1: violations in China. They don't feel comfortable using their voice

578
00:30:54,720 --> 00:30:59,040
Speaker 1: to make change in that country because they are making

579
00:30:59,240 --> 00:31:04,880
Speaker 1: to some degree re an economic risk assessment that if

580
00:31:04,920 --> 00:31:12,640
Speaker 1: they do, their company will be impacted and they might

581
00:31:12,680 --> 00:31:16,240
Speaker 1: be fired, And I think you have to and maybe

582
00:31:16,280 --> 00:31:18,280
Speaker 1: and they may personally be fired, but I think you

583
00:31:18,320 --> 00:31:20,959
Speaker 1: have to think about that and what is the right answer.

584
00:31:21,320 --> 00:31:24,440
Speaker 1: So there's a lot of profits obviously, and a lot

585
00:31:24,520 --> 00:31:27,920
Speaker 1: of Americans benefit immensely by Nike, for example, doing business

586
00:31:27,920 --> 00:31:30,280
Speaker 1: in China. There's no question, There's no question about it.

587
00:31:30,360 --> 00:31:33,240
Speaker 1: Coca Cola, same same thing. You can pick your pick

588
00:31:33,280 --> 00:31:36,320
Speaker 1: your company. If they pulled out of China, or they

589
00:31:36,320 --> 00:31:38,360
Speaker 1: were forced to pull out of China, it would have

590
00:31:38,440 --> 00:31:42,800
Speaker 1: a detrimental impact to some degree on their own employees,

591
00:31:43,280 --> 00:31:45,320
Speaker 1: on the profits of the company, on the future of

592
00:31:45,320 --> 00:31:48,760
Speaker 1: the company, all of them. So the question is do

593
00:31:48,840 --> 00:31:53,080
Speaker 1: you use your voice in those circumstances? Does your voice matter?

594
00:31:53,160 --> 00:31:55,360
Speaker 1: Do you also do a sort of risk you do

595
00:31:55,680 --> 00:31:58,240
Speaker 1: a cost benefit? Now say, well, look if I if

596
00:31:58,240 --> 00:32:00,720
Speaker 1: I speak up, doesn't really even help because they're probably

597
00:32:00,760 --> 00:32:03,160
Speaker 1: gonna do anything anyway. Do I get a benefit from

598
00:32:03,200 --> 00:32:07,080
Speaker 1: being at the table privately? Am I at the table privately?

599
00:32:07,320 --> 00:32:08,920
Speaker 1: And I think one of the things that's fascinting about

600
00:32:08,960 --> 00:32:11,479
Speaker 1: this moment is the public wants transparency for everything, so

601
00:32:11,480 --> 00:32:13,320
Speaker 1: they didn't even you know, a lot of people say, well,

602
00:32:13,800 --> 00:32:16,200
Speaker 1: privately at the table, I can't be out here screaming

603
00:32:16,400 --> 00:32:18,880
Speaker 1: from the rooftops against these people. I'm trying. I'm trying

604
00:32:18,920 --> 00:32:21,960
Speaker 1: to make change from the inside. But nobody either believes

605
00:32:22,000 --> 00:32:25,120
Speaker 1: that wants to believe it, or they very much value

606
00:32:25,120 --> 00:32:28,040
Speaker 1: the protests more than they value actually the change. And

607
00:32:28,120 --> 00:32:31,360
Speaker 1: so I think, I think there's a lot going on here.

608
00:32:31,960 --> 00:32:35,000
Speaker 1: And you say one of my trouble by I'm not sure.

609
00:32:35,040 --> 00:32:36,600
Speaker 1: I'm troubled. I don't know what I'm troubled, but I'm

610
00:32:36,600 --> 00:32:39,240
Speaker 1: troubled in my brain about what the right answer is

611
00:32:39,600 --> 00:32:42,840
Speaker 1: about what it means to be engaged, to pull to

612
00:32:42,920 --> 00:32:46,040
Speaker 1: pull up stakes and and and change that engagement, to

613
00:32:46,240 --> 00:32:50,040
Speaker 1: protest from the outside, to protest from the inside. I

614
00:32:50,080 --> 00:32:52,920
Speaker 1: think those are some really big questions and nobody's got

615
00:32:52,920 --> 00:32:55,480
Speaker 1: a good answer for them. And you know, Twitter is

616
00:32:55,480 --> 00:32:57,760
Speaker 1: not helping. We don't mean Twitter the company, We mean

617
00:32:57,800 --> 00:33:02,120
Speaker 1: Twitter the platform, the platform, the healthscape of all of

618
00:33:02,160 --> 00:33:05,120
Speaker 1: these people that now have a direct line to the

619
00:33:05,160 --> 00:33:08,120
Speaker 1: tops of these companies, to the tops of government to

620
00:33:08,360 --> 00:33:11,520
Speaker 1: impact and influence the conversation. In an almost minute five

621
00:33:11,560 --> 00:33:14,640
Speaker 1: minute basis, I can't tell you how many people are

622
00:33:14,760 --> 00:33:17,000
Speaker 1: monitoring their Twitter feeds and going, oh my goodness, can

623
00:33:17,000 --> 00:33:19,840
Speaker 1: you see that this? People telling me I'm an idiot.

624
00:33:19,880 --> 00:33:21,760
Speaker 1: Maybe I'm an idiot. Maybe I gotta change my ways.

625
00:33:21,920 --> 00:33:25,480
Speaker 1: That's right, maybe right? People cancel what they call a

626
00:33:25,520 --> 00:33:28,320
Speaker 1: cancel culture. I guess you know. What I tell folks

627
00:33:28,400 --> 00:33:31,640
Speaker 1: is you know, drama is not a currency, right, you know,

628
00:33:32,040 --> 00:33:34,440
Speaker 1: you know you can scream and holler and argue and

629
00:33:34,480 --> 00:33:36,600
Speaker 1: all that stuff. But if all you've succeeded in do

630
00:33:36,680 --> 00:33:39,120
Speaker 1: isn't shutting up and shutting out a good person that

631
00:33:39,160 --> 00:33:41,760
Speaker 1: can help you, then you just shot yourself in the foot.

632
00:33:41,800 --> 00:33:44,720
Speaker 1: A saint is a center that got up. We we

633
00:33:44,800 --> 00:33:46,680
Speaker 1: have to be careful, I think, Andrew not that let

634
00:33:46,720 --> 00:33:49,240
Speaker 1: the perfect become the death of the good. People say

635
00:33:49,240 --> 00:33:51,600
Speaker 1: to me, and I'm coming I'm coming back around back

636
00:33:51,800 --> 00:33:54,840
Speaker 1: to your this very very important topic, maybe the most

637
00:33:54,840 --> 00:33:57,880
Speaker 1: important that we're gonna talk about today. Um, but you know, people,

638
00:33:57,960 --> 00:34:00,040
Speaker 1: let me just frame this out. Folks say, oh, I

639
00:34:00,040 --> 00:34:03,800
Speaker 1: hate I hate rich people. No, you don't you hate

640
00:34:03,880 --> 00:34:07,120
Speaker 1: rich people? Do you become rich? What you hate is

641
00:34:07,160 --> 00:34:11,120
Speaker 1: a gamed system? Oh you know I hate capitalism? Well,

642
00:34:11,120 --> 00:34:13,440
Speaker 1: then why are you participating in it. If you if

643
00:34:13,440 --> 00:34:16,759
Speaker 1: you hate capitalism, you're human capital. You're trading your pay

644
00:34:16,920 --> 00:34:19,320
Speaker 1: your your talents for a paycheck somewhere. If you're not

645
00:34:19,360 --> 00:34:21,399
Speaker 1: a business owner. If you're a business owner, you're more

646
00:34:21,440 --> 00:34:24,120
Speaker 1: of a capitalist. And entrepreneur goes right up to the level.

647
00:34:24,120 --> 00:34:27,080
Speaker 1: I'm an entrepreneur, but it's about risk taking. Entrepreneurship at

648
00:34:27,080 --> 00:34:29,080
Speaker 1: the tip of the spear. Risk taking. The business ownership

649
00:34:29,200 --> 00:34:31,919
Speaker 1: a little bit less risk taking than an employee, uh,

650
00:34:31,960 --> 00:34:34,960
Speaker 1: employee becoming a stakeholder. You're getting a paycheck in exchange

651
00:34:34,960 --> 00:34:38,160
Speaker 1: for your for your human capital. We're all involved with

652
00:34:38,160 --> 00:34:41,120
Speaker 1: this system. The Bible didn't say I hate money, since

653
00:34:41,440 --> 00:34:43,200
Speaker 1: it's a love of money. I hate is what the

654
00:34:43,239 --> 00:34:45,200
Speaker 1: Bible said. So let's what I get that on the

655
00:34:45,239 --> 00:34:47,359
Speaker 1: table and then off to the side. So well, make

656
00:34:47,400 --> 00:34:50,879
Speaker 1: sure we're having the right conversation. People say, oh, you know, oh,

657
00:34:50,960 --> 00:34:53,160
Speaker 1: I want to be you know, well, we need a socialism.

658
00:34:53,360 --> 00:34:55,600
Speaker 1: Even if you want to shoot shooting money like a socialist,

659
00:34:55,640 --> 00:34:58,840
Speaker 1: you gotta first collected like a capitalist. And even socialist countries,

660
00:34:59,000 --> 00:35:02,400
Speaker 1: communist countries like China, like Russia, have used a capitalist model.

661
00:35:02,640 --> 00:35:05,760
Speaker 1: You can't even have a running church without tides and offering.

662
00:35:05,800 --> 00:35:07,600
Speaker 1: So let's put that aside. Okay, let's not get to

663
00:35:07,640 --> 00:35:10,400
Speaker 1: your core issue. China. I think we're at war. So

664
00:35:10,560 --> 00:35:13,640
Speaker 1: many phrase that, Andrew, I think China's at war. I'm

665
00:35:13,640 --> 00:35:15,759
Speaker 1: not at war with anybody. I think this is an

666
00:35:15,760 --> 00:35:17,719
Speaker 1: economic war. I think that they want to be the

667
00:35:17,760 --> 00:35:19,480
Speaker 1: leader of the free world. By the way, if they

668
00:35:19,560 --> 00:35:22,520
Speaker 1: do it fair, fair and square, God bless them. Who

669
00:35:22,560 --> 00:35:25,120
Speaker 1: wouldn't want mellens hundreds of meters of Chinese come out

670
00:35:25,120 --> 00:35:28,200
Speaker 1: of poverty. I want them to. But it's the how

671
00:35:28,400 --> 00:35:31,120
Speaker 1: they're not playing by fair rules, not the what. They

672
00:35:31,120 --> 00:35:33,839
Speaker 1: don't play by any rules. In many ways, they make

673
00:35:33,880 --> 00:35:37,200
Speaker 1: them up as they like um and I think that

674
00:35:38,040 --> 00:35:40,320
Speaker 1: life this is where things get messy to your point,

675
00:35:40,560 --> 00:35:43,120
Speaker 1: and it's always been messy, by the way, But if

676
00:35:43,160 --> 00:35:46,120
Speaker 1: all we want are perfect people doing good things, it's

677
00:35:46,120 --> 00:35:49,319
Speaker 1: gonna be a pretty empty room or a room fill

678
00:35:49,360 --> 00:35:51,400
Speaker 1: of people who can't help you move the needle. I

679
00:35:51,440 --> 00:35:53,960
Speaker 1: can give you so many examples of companies that were faulty,

680
00:35:53,960 --> 00:35:56,640
Speaker 1: and many many, many other areas and leaders, but who

681
00:35:56,640 --> 00:35:58,399
Speaker 1: stand stood up at the right time, at the right

682
00:35:58,480 --> 00:36:00,440
Speaker 1: moment because they were they had a seated the table

683
00:36:00,800 --> 00:36:02,719
Speaker 1: to do the right thing. Let me give me one

684
00:36:02,760 --> 00:36:05,200
Speaker 1: second to tell the Coca Cola stories. I think it's relevant.

685
00:36:05,440 --> 00:36:09,120
Speaker 1: Hopefully this inspires the audience to to cut their leaders

686
00:36:09,120 --> 00:36:11,040
Speaker 1: a break in the in the leaning the folks that

687
00:36:11,040 --> 00:36:13,320
Speaker 1: they really think are honest brokers, and give them some support.

688
00:36:13,640 --> 00:36:16,680
Speaker 1: So if I were told you Andrew the story about

689
00:36:16,719 --> 00:36:19,319
Speaker 1: what the CEO Coca Cola did for Dr King, I

690
00:36:19,360 --> 00:36:21,680
Speaker 1: think I know the story, but it's very worthy for

691
00:36:21,680 --> 00:36:24,600
Speaker 1: this audience. So Dr King went came back from the

692
00:36:24,640 --> 00:36:27,959
Speaker 1: Nobel Peace Prize and winning the Nobel Peace Prize, and

693
00:36:28,440 --> 00:36:30,480
Speaker 1: it was a foregone conclusion that he's gonna be honored

694
00:36:30,520 --> 00:36:32,480
Speaker 1: here in the area and everywhere. When he didn't know,

695
00:36:33,239 --> 00:36:35,680
Speaker 1: they're trying to keep it with his advisors, Andrew Young

696
00:36:35,719 --> 00:36:37,640
Speaker 1: and others trying to keep it from him. The business

697
00:36:37,680 --> 00:36:39,839
Speaker 1: leaders in it in Atlanta didn't want to honor him,

698
00:36:40,480 --> 00:36:44,359
Speaker 1: and President Johnson didn't want to see him. So he's

699
00:36:44,400 --> 00:36:46,440
Speaker 1: coming back from Norway, is going through New York and

700
00:36:46,440 --> 00:36:48,520
Speaker 1: he's trying to get an appointment watched with the President.

701
00:36:48,560 --> 00:36:49,920
Speaker 1: The President they want to seem was he even want

702
00:36:49,920 --> 00:36:52,239
Speaker 1: to be asked for the Second Civil Rights Bill. So

703
00:36:52,280 --> 00:36:55,439
Speaker 1: here's a seemingly good guy although Johnson has some really

704
00:36:55,480 --> 00:36:58,439
Speaker 1: bad habits, like he called Jewish people horrible things, called

705
00:36:58,680 --> 00:37:02,120
Speaker 1: black people horrible things, women horrorful of things, like he's

706
00:37:02,200 --> 00:37:04,080
Speaker 1: used the inn word. I mean, he's on this is

707
00:37:04,120 --> 00:37:07,520
Speaker 1: on tape, right, So he's got some really bad you know,

708
00:37:08,000 --> 00:37:13,000
Speaker 1: uh personal verbal hygiene skills and uh, maybe some values

709
00:37:13,000 --> 00:37:15,120
Speaker 1: to go along with it. But he's signed He signed

710
00:37:15,120 --> 00:37:17,839
Speaker 1: more civil rights bills than anybody in the history, four

711
00:37:17,920 --> 00:37:21,280
Speaker 1: of them. Right, So do you want a complete gentleman

712
00:37:21,560 --> 00:37:24,360
Speaker 1: or genteralwoman who does nothing or do you want somebody

713
00:37:24,360 --> 00:37:26,200
Speaker 1: who gotta hold your nose every now and then and

714
00:37:26,400 --> 00:37:28,480
Speaker 1: you know, bite your tongue. But he's doing the right

715
00:37:28,520 --> 00:37:30,439
Speaker 1: thing because God's using him at that moment. I don't

716
00:37:30,440 --> 00:37:32,279
Speaker 1: know the answer, but I'm glad if he did the

717
00:37:32,280 --> 00:37:33,879
Speaker 1: four civil rights bills. Anyway, he didn't want to see

718
00:37:33,960 --> 00:37:36,640
Speaker 1: Dr King, and we don't have time with this story,

719
00:37:37,520 --> 00:37:40,720
Speaker 1: but he finally saw Dr King in the residence. Rocket

720
00:37:40,719 --> 00:37:44,520
Speaker 1: Feller loan Dr King his plane. If Rocket Feller didn't

721
00:37:44,520 --> 00:37:47,200
Speaker 1: make money, he couldn't have had a plane loan to

722
00:37:47,360 --> 00:37:49,440
Speaker 1: Dr King. So andrew young Adotagne to come in. They

723
00:37:49,480 --> 00:37:52,440
Speaker 1: saw the President after hours, where the President said, you

724
00:37:52,480 --> 00:37:54,799
Speaker 1: think I've got too much power. And Dr King said,

725
00:37:54,880 --> 00:37:58,560
Speaker 1: let's go get the president some more power. Um A

726
00:37:58,640 --> 00:38:00,879
Speaker 1: bastard Young said to him, you know you can tell

727
00:38:00,960 --> 00:38:02,799
Speaker 1: him more hand at morehouse man, but you can't tell

728
00:38:02,840 --> 00:38:04,839
Speaker 1: him much. He's that's an arrogant thing for you to say.

729
00:38:04,840 --> 00:38:07,040
Speaker 1: At five seven and a hundred thirty pounds, Dr King

730
00:38:07,120 --> 00:38:09,799
Speaker 1: hundred forty pounds. Well, Dr King went and got the

731
00:38:09,840 --> 00:38:14,560
Speaker 1: president more power, turning a good man to a great man. Um,

732
00:38:14,600 --> 00:38:16,200
Speaker 1: because he signed the next civil rights bill. So it

733
00:38:16,200 --> 00:38:19,520
Speaker 1: goes to Atlanta and the mayor that was beside himself Andrew,

734
00:38:19,719 --> 00:38:22,720
Speaker 1: and he'd gone to seek the former CEO Coca Cola Woodruf,

735
00:38:22,840 --> 00:38:26,400
Speaker 1: Robert Woodroffe, who was I think he was hunting anyway,

736
00:38:26,480 --> 00:38:28,720
Speaker 1: make a long story short, we got this problem. The

737
00:38:28,719 --> 00:38:31,680
Speaker 1: Woodroff comes back in cause everybody to the chairman's office

738
00:38:31,680 --> 00:38:34,520
Speaker 1: at Cocola, the business leaders, and I look, you got stuff, miss,

739
00:38:34,760 --> 00:38:37,560
Speaker 1: that's my hunting game. And you disturbed me and disturbed

740
00:38:37,560 --> 00:38:39,360
Speaker 1: the peace in my brain. What are you doing? I

741
00:38:39,360 --> 00:38:40,880
Speaker 1: don't care whether you like Dr King or not. I

742
00:38:40,880 --> 00:38:42,240
Speaker 1: don't care what you what do you think he's perfect

743
00:38:42,320 --> 00:38:44,400
Speaker 1: or not perfect? You don't like change and he's pushing

744
00:38:44,400 --> 00:38:46,640
Speaker 1: it and okay, you don't like it, but no one

745
00:38:46,680 --> 00:38:48,960
Speaker 1: likes change. Let me not. Let me explain this to you.

746
00:38:49,040 --> 00:38:50,920
Speaker 1: This man won the most important award in the world.

747
00:38:51,120 --> 00:38:54,160
Speaker 1: We're a global supply chain company at that point, the largest.

748
00:38:54,719 --> 00:38:56,959
Speaker 1: If you don't want to honor this man, we're gonna

749
00:38:56,960 --> 00:38:59,640
Speaker 1: move out of a little raggedy town Atlanta and goes

750
00:38:59,680 --> 00:39:02,000
Speaker 1: and play. The folks have got some sense. Okay, you

751
00:39:02,080 --> 00:39:06,480
Speaker 1: got a week Andrew, they sold out the ballroom. Now

752
00:39:06,520 --> 00:39:08,200
Speaker 1: all we see in the history books is the ballroom

753
00:39:08,239 --> 00:39:11,000
Speaker 1: sold out. Every the walls are full of people, and

754
00:39:11,080 --> 00:39:13,640
Speaker 1: you know, every seat is taken. Uh. And maybe the

755
00:39:13,800 --> 00:39:15,759
Speaker 1: CEOs even didn't do the right thing because it was

756
00:39:15,800 --> 00:39:17,440
Speaker 1: the right thing. They didn't because they were vendors of

757
00:39:17,480 --> 00:39:20,960
Speaker 1: Coca Cola in Cocola isn't gonna give me any business anymore.

758
00:39:21,320 --> 00:39:24,279
Speaker 1: But it was the right thing nonetheless, and of course

759
00:39:24,280 --> 00:39:27,680
Speaker 1: Blacks kept Cocola in business for the next fifty plus years,

760
00:39:27,680 --> 00:39:31,239
Speaker 1: both here and in Africa, with as loyal customers. That

761
00:39:31,360 --> 00:39:35,240
Speaker 1: was messy, but still truth and honesty rose to the surface.

762
00:39:35,560 --> 00:39:37,480
Speaker 1: I'm not sure if that informs your question at all.

763
00:39:37,600 --> 00:39:41,160
Speaker 1: I just think that you know this is this is complicated,

764
00:39:41,719 --> 00:39:44,680
Speaker 1: Uh do we want this? Look? I agree with you

765
00:39:45,040 --> 00:39:47,520
Speaker 1: that it's complicated. I think unfortunately we lived in a

766
00:39:47,680 --> 00:39:52,000
Speaker 1: in a world now where nobody wants anything to be complicated.

767
00:39:52,280 --> 00:39:56,720
Speaker 1: Nuance seems to have unfortunately no place in these discussions.

768
00:39:57,000 --> 00:39:58,680
Speaker 1: If you have one view on one thing and it

769
00:39:58,680 --> 00:40:00,480
Speaker 1: looks like you have even a mark on a different

770
00:40:00,520 --> 00:40:03,040
Speaker 1: view on something else, but adjason are related, all of

771
00:40:03,080 --> 00:40:06,360
Speaker 1: a sudden, you're a flip flopper. You're a hypocrite. People

772
00:40:06,400 --> 00:40:08,960
Speaker 1: used to call that thinking. I think I think it's

773
00:40:09,000 --> 00:40:12,359
Speaker 1: called thinking correct. And that's maybe why I have empathy

774
00:40:12,400 --> 00:40:16,240
Speaker 1: and sympathy for a lot of leaders in America today,

775
00:40:16,280 --> 00:40:20,520
Speaker 1: because I think they're grappling with um a world that

776
00:40:20,520 --> 00:40:24,200
Speaker 1: that won't bear or doesn't want to bear nuance anymore,

777
00:40:24,480 --> 00:40:26,319
Speaker 1: and that scares me. Well, that's why I think what

778
00:40:26,400 --> 00:40:29,319
Speaker 1: you're doing every day, and I encourage everybody listening to

779
00:40:29,360 --> 00:40:32,800
Speaker 1: this to to to subscribe to the podcast for Andrew

780
00:40:32,840 --> 00:40:35,759
Speaker 1: Ross Sorkin on squawk Box or watch it. It is.

781
00:40:36,080 --> 00:40:40,320
Speaker 1: It is unbelievably fascinating every day and is anything but boring.

782
00:40:40,880 --> 00:40:43,040
Speaker 1: But I think what you do is a conscience on

783
00:40:43,080 --> 00:40:46,520
Speaker 1: Wall Street is give good leaders air cover and political

784
00:40:46,560 --> 00:40:49,000
Speaker 1: leaders in Washington. You both hold them accountable, give them

785
00:40:49,040 --> 00:40:50,480
Speaker 1: hair cover. Maybe they want to do the right thing.

786
00:40:50,520 --> 00:40:51,960
Speaker 1: May maybe you need they need you to sort of

787
00:40:52,000 --> 00:40:54,000
Speaker 1: knock them a little bit, give them air cover. I

788
00:40:54,000 --> 00:40:55,759
Speaker 1: think to a less degree that's what I do is

789
00:40:55,800 --> 00:40:58,680
Speaker 1: I try to to give good leaders air cover to

790
00:40:58,680 --> 00:41:00,960
Speaker 1: to do the right thing. And maybe I'll take the

791
00:41:01,040 --> 00:41:02,600
Speaker 1: hit so they don't have to take it. Maybe I

792
00:41:02,640 --> 00:41:04,600
Speaker 1: say what they can't say. And maybe that's a little

793
00:41:04,600 --> 00:41:07,720
Speaker 1: bit of our role is speaking truth to power, always

794
00:41:07,760 --> 00:41:11,440
Speaker 1: being honest, never covering for an idiot, never never lying.

795
00:41:12,160 --> 00:41:15,200
Speaker 1: But maybe it's being gracious, you know what it's oh saying.

796
00:41:15,200 --> 00:41:17,000
Speaker 1: If you want to have a little grace, you better

797
00:41:17,000 --> 00:41:18,680
Speaker 1: show a little mercy. If you want to get a

798
00:41:18,719 --> 00:41:24,360
Speaker 1: little grace, you better show a little mercy. Yeah great,

799
00:41:24,480 --> 00:41:26,759
Speaker 1: So what is some example? So you mentioned the bad thing?

800
00:41:26,800 --> 00:41:30,280
Speaker 1: We can't China would be a whole our programmed by itself.

801
00:41:30,280 --> 00:41:33,480
Speaker 1: I mean, China's involvement in Africa is I believe the

802
00:41:33,520 --> 00:41:36,880
Speaker 1: next big story for the next decade for those listening

803
00:41:36,920 --> 00:41:38,880
Speaker 1: to you want to fall out of your seat. The

804
00:41:38,960 --> 00:41:41,719
Speaker 1: number one group of ethnic group marrying Black African women

805
00:41:41,719 --> 00:41:44,160
Speaker 1: in fifty four countries up until a year or two ago.

806
00:41:44,239 --> 00:41:47,279
Speaker 1: Last of my check, we're Chinese met and I don't

807
00:41:47,320 --> 00:41:49,640
Speaker 1: believe because because Chinese men and fall in love with Africans,

808
00:41:49,640 --> 00:41:51,839
Speaker 1: they're trying to lock in their supply chain. They're trying

809
00:41:51,880 --> 00:41:55,239
Speaker 1: to lock in low cost goods and prices. I think

810
00:41:55,280 --> 00:41:58,399
Speaker 1: it's all economic. I think again, this is an economic war.

811
00:41:58,440 --> 00:42:00,719
Speaker 1: It's global. China wants to be the leader of the

812
00:42:00,760 --> 00:42:02,319
Speaker 1: free world, which needs to have to knock us off

813
00:42:02,360 --> 00:42:04,800
Speaker 1: our perch. But I don't think anybody can screw up America.

814
00:42:04,800 --> 00:42:06,680
Speaker 1: EXCEP in America, and everybody seems to want to be

815
00:42:06,680 --> 00:42:09,000
Speaker 1: an American except Americans. We keep arguing with each other

816
00:42:09,200 --> 00:42:11,719
Speaker 1: about stupid stuff, and we need to knock it off.

817
00:42:12,040 --> 00:42:16,919
Speaker 1: So that's a story that's complicated. And and and maybe

818
00:42:16,960 --> 00:42:19,680
Speaker 1: we'll do a dedicated whole show just on China. Maybe

819
00:42:19,680 --> 00:42:21,279
Speaker 1: you're not doing it together. But let's go to now

820
00:42:21,480 --> 00:42:23,360
Speaker 1: the thing that inspire you. I'll say one thing that

821
00:42:23,400 --> 00:42:26,360
Speaker 1: inspires me. And I want to listen to you about companies, individuals, leaders,

822
00:42:26,400 --> 00:42:28,960
Speaker 1: things you're seeing. If you look at the man, I

823
00:42:29,040 --> 00:42:30,759
Speaker 1: love math because they have an opinion. Melody hubs in

824
00:42:30,840 --> 00:42:33,800
Speaker 1: quote doesn't have an opinion, diverse companies and diverse regions

825
00:42:33,800 --> 00:42:37,239
Speaker 1: are winning, Andrew. If you look at diversity and inclusion

826
00:42:37,520 --> 00:42:41,040
Speaker 1: on companies or regions, Atlanta the most diverse place in

827
00:42:41,040 --> 00:42:44,759
Speaker 1: the South, largest economy in the South, tints economy in

828
00:42:44,800 --> 00:42:47,879
Speaker 1: the world, in the country. I'm sorry you look at companies, uh,

829
00:42:47,920 --> 00:42:50,319
Speaker 1: Diversity inclusion is not just a moral issue to your

830
00:42:50,360 --> 00:42:53,000
Speaker 1: earlier point about doing the right thing and getting hopefully

831
00:42:53,040 --> 00:42:56,000
Speaker 1: credit for it. It's also good economics. What do you

832
00:42:56,000 --> 00:42:58,680
Speaker 1: say about that. You know, one of the amazing things

833
00:42:58,719 --> 00:43:02,839
Speaker 1: about about her is now she's the chair of Starbucks

834
00:43:04,920 --> 00:43:10,560
Speaker 1: Melody Melody Hops, and you know, you talk about role models.

835
00:43:10,560 --> 00:43:12,600
Speaker 1: I think Melody is a great role model. But I'd

836
00:43:12,600 --> 00:43:14,680
Speaker 1: also saying on star Wars has been on my mind

837
00:43:14,760 --> 00:43:19,880
Speaker 1: because there was just a unionization effort um frankly against Starbucks,

838
00:43:19,960 --> 00:43:23,960
Speaker 1: just just up in Buffalo past couple of weeks. I think,

839
00:43:24,120 --> 00:43:27,360
Speaker 1: I look at what Howard Schultz did with Starbucks, and

840
00:43:27,400 --> 00:43:31,560
Speaker 1: you think about all of the benefits that he created

841
00:43:32,239 --> 00:43:36,279
Speaker 1: for his employees. We're working behind the counter of the

842
00:43:36,280 --> 00:43:40,680
Speaker 1: baristas early on. You know, first company like that to

843
00:43:40,719 --> 00:43:44,840
Speaker 1: give healthcare, for a company like that, to give college education.

844
00:43:46,040 --> 00:43:48,680
Speaker 1: I mean, so you can go down the list of

845
00:43:48,800 --> 00:43:52,680
Speaker 1: things that that company did. Theirs company tried to try

846
00:43:53,200 --> 00:43:57,360
Speaker 1: in certain cases unsuccessfully, but to engage in in national

847
00:43:57,440 --> 00:44:01,520
Speaker 1: conversations about social justice and race and so many other issues.

848
00:44:01,560 --> 00:44:03,759
Speaker 1: And I think that's a company that if you go

849
00:44:03,800 --> 00:44:05,799
Speaker 1: back in history and start to look like, where did

850
00:44:05,840 --> 00:44:08,760
Speaker 1: this all come from? Where the conversation we're having today,

851
00:44:09,160 --> 00:44:12,560
Speaker 1: a lot of it actually started with Starbucks doing some

852
00:44:12,600 --> 00:44:15,160
Speaker 1: pretty amazing things over the last twenty years. It's actually

853
00:44:15,200 --> 00:44:18,040
Speaker 1: why it's surprised me as much as it has that

854
00:44:18,640 --> 00:44:22,640
Speaker 1: a union effort would even begin inside of Starbucks, given

855
00:44:22,680 --> 00:44:25,360
Speaker 1: what's happened uh and the benefits that of accrued to

856
00:44:25,400 --> 00:44:28,880
Speaker 1: those employees over the years, especially in a relative basis

857
00:44:28,960 --> 00:44:33,120
Speaker 1: to the rest of the fast food industry. Having said that,

858
00:44:33,360 --> 00:44:36,120
Speaker 1: this goes back to where we were earlier. The expectations

859
00:44:36,120 --> 00:44:40,160
Speaker 1: of all employees is being raised. So I think now

860
00:44:40,200 --> 00:44:43,720
Speaker 1: you're looking at the folks are working at Starbucks today

861
00:44:43,800 --> 00:44:46,879
Speaker 1: and there's they're saying, yeah, that's great, we want even more.

862
00:44:48,400 --> 00:44:51,080
Speaker 1: And and I'm not saying they shouldn't get more. I'm

863
00:44:51,120 --> 00:44:53,719
Speaker 1: just saying that. But you know, life is relative, and

864
00:44:53,719 --> 00:44:56,319
Speaker 1: I think that you're starting to see that all play

865
00:44:56,360 --> 00:44:59,640
Speaker 1: out similarly, and I know he gets uh, you know,

866
00:44:59,680 --> 00:45:02,040
Speaker 1: he gets a lot of creaky gets love and hey,

867
00:45:02,200 --> 00:45:05,480
Speaker 1: Jeff Bezos at Amazon, you know, they did raise their

868
00:45:05,480 --> 00:45:08,839
Speaker 1: minimum wage nationally, I think originally the sixteen an hour,

869
00:45:09,080 --> 00:45:13,160
Speaker 1: which then frankly pushed dougwud Millen at Walmart to have

870
00:45:13,360 --> 00:45:18,759
Speaker 1: so absolutely, absolutely who has done a remarkable job when

871
00:45:18,840 --> 00:45:21,000
Speaker 1: especially when he was the chairman of the Business Roundtable,

872
00:45:21,040 --> 00:45:23,799
Speaker 1: because he also was pushing business to be better and

873
00:45:23,840 --> 00:45:27,600
Speaker 1: to do better, and so exactly he was he was.

874
00:45:27,880 --> 00:45:32,440
Speaker 1: It happened under under his leadership that Corporate America decided

875
00:45:32,880 --> 00:45:36,200
Speaker 1: that profit and sheerholders were not the only constituent, that

876
00:45:36,239 --> 00:45:38,640
Speaker 1: there was a whole other group of people, including employees,

877
00:45:38,680 --> 00:45:42,719
Speaker 1: including suppliers, and customers, including environment and all of it

878
00:45:43,000 --> 00:45:47,799
Speaker 1: um neighborhood neighbors. So I think that there's a lot

879
00:45:47,840 --> 00:45:50,480
Speaker 1: that's going on that's quote unquote market based, and then

880
00:45:51,440 --> 00:45:54,840
Speaker 1: there's also sort of you know, what should the minimum

881
00:45:54,840 --> 00:45:57,560
Speaker 1: wage be, you know, from a regulated way, right, But

882
00:45:57,560 --> 00:45:59,520
Speaker 1: but I do think there are business leaders who are

883
00:45:59,560 --> 00:46:03,040
Speaker 1: trying to trying to do some of these things, both

884
00:46:03,080 --> 00:46:06,760
Speaker 1: because they think that's in their economic interests and because

885
00:46:06,760 --> 00:46:08,839
Speaker 1: they think it's good. Yeah. And by the way, those

886
00:46:08,880 --> 00:46:13,239
Speaker 1: two things are the mutually exclusive, right you you can't

887
00:46:13,280 --> 00:46:17,160
Speaker 1: do good unless you do well first. So we we

888
00:46:17,200 --> 00:46:20,759
Speaker 1: want good companies and good leaders to prosper because we

889
00:46:20,840 --> 00:46:23,400
Speaker 1: want them to spread it on. I think it was

890
00:46:24,120 --> 00:46:28,200
Speaker 1: the New York New York Central Station. Was it Rockefeller

891
00:46:28,400 --> 00:46:32,839
Speaker 1: or who built that? Um? Uh, it's one of the

892
00:46:33,080 --> 00:46:35,760
Speaker 1: early may not when Rockefeller was one of the early

893
00:46:36,840 --> 00:46:39,560
Speaker 1: builders of the twentieth century. A lot of those buildings

894
00:46:39,560 --> 00:46:42,040
Speaker 1: that you know, a lot of these universities that that

895
00:46:42,080 --> 00:46:44,800
Speaker 1: we talked about the day were created and endowed by

896
00:46:44,920 --> 00:46:49,080
Speaker 1: and now HBCUs successful capitalists. I mean, what legitimate wealth

897
00:46:49,520 --> 00:46:52,440
Speaker 1: comes from business? I think you're you're thinking about Vanderbilt.

898
00:46:53,280 --> 00:46:58,080
Speaker 1: Vanderbilt who helped build Grand Central Station. Okay, so I

899
00:46:58,120 --> 00:47:00,880
Speaker 1: think that we've got to do more than DEMONI uh,

900
00:47:01,000 --> 00:47:03,919
Speaker 1: we've got to harmonize. We've got to find a way

901
00:47:03,920 --> 00:47:06,080
Speaker 1: to see the rainbow after this storm. I mean, this

902
00:47:06,239 --> 00:47:11,120
Speaker 1: country was built on entrepreneurship and entrepreneurs um and you know,

903
00:47:11,280 --> 00:47:14,040
Speaker 1: the first democracy was actually rooted in a in a corporation.

904
00:47:14,040 --> 00:47:16,000
Speaker 1: We don't have time of this whole conversation, but that

905
00:47:16,040 --> 00:47:18,200
Speaker 1: goes in the back of them but look at what's

906
00:47:18,200 --> 00:47:20,640
Speaker 1: happening in this country. Look at the fight that's happening

907
00:47:20,719 --> 00:47:25,279
Speaker 1: right now between Elizabeth Warren and Elon Musk. Look, I

908
00:47:25,280 --> 00:47:27,399
Speaker 1: don't agree with everything that Elon Musk does or says

909
00:47:27,440 --> 00:47:31,399
Speaker 1: on Twitter. I don't, but I admire what he has

910
00:47:31,520 --> 00:47:34,680
Speaker 1: created and what he has done to push the human

911
00:47:34,800 --> 00:47:38,000
Speaker 1: race forward. Is the idea that that tesla that he's

912
00:47:38,000 --> 00:47:40,120
Speaker 1: created tesla not just all the jobs, but he's now

913
00:47:40,520 --> 00:47:44,480
Speaker 1: pushed the entire industry towards electrified cars and e vs.

914
00:47:44,640 --> 00:47:47,279
Speaker 1: Think about that, Think about what he's doing space, think

915
00:47:47,320 --> 00:47:51,719
Speaker 1: about all of that. And yet he's been demonized by

916
00:47:51,800 --> 00:47:55,839
Speaker 1: Elizabeth Warren for not paying the taxes that she wants

917
00:47:55,880 --> 00:47:59,800
Speaker 1: him to pay. He's gonna pay eleven billion dollars. I

918
00:48:00,200 --> 00:48:02,359
Speaker 1: don't think he should also get a thank you note

919
00:48:02,400 --> 00:48:04,200
Speaker 1: for that. Nobody sends me a thank you note when

920
00:48:04,200 --> 00:48:06,960
Speaker 1: I pay my taxes. I think that's part of the deal.

921
00:48:07,000 --> 00:48:09,440
Speaker 1: It's part of the deal. You pay him. But I

922
00:48:09,480 --> 00:48:12,440
Speaker 1: think the idea that that that we're going to demonize

923
00:48:12,480 --> 00:48:16,480
Speaker 1: people because either they've they've done well, or they're not

924
00:48:16,600 --> 00:48:19,439
Speaker 1: paying the way she thinks they should pay. Now, that's

925
00:48:19,440 --> 00:48:22,840
Speaker 1: an argument to change the way the tax structure works.

926
00:48:22,920 --> 00:48:25,320
Speaker 1: You don't like the tax structor demonize the tax strucktor,

927
00:48:25,360 --> 00:48:28,640
Speaker 1: don't demonize the person. I never understand I never I

928
00:48:28,680 --> 00:48:31,560
Speaker 1: understand why people do it, but I never really understood

929
00:48:31,560 --> 00:48:34,719
Speaker 1: it because it seems intellectually dishonest. In the end, it

930
00:48:34,800 --> 00:48:36,360
Speaker 1: might just be a first I'm not saying this is

931
00:48:36,360 --> 00:48:38,480
Speaker 1: Elizabeth Warren, but it might just be good TV and

932
00:48:38,480 --> 00:48:40,920
Speaker 1: good media sound bites. It's a way for everybody to

933
00:48:40,960 --> 00:48:43,360
Speaker 1: get I mean, this guy in Florida, who's our but

934
00:48:43,880 --> 00:48:46,400
Speaker 1: but you know what this but this goes to the

935
00:48:46,440 --> 00:48:49,320
Speaker 1: point we talked about. Look, you have credibility to the

936
00:48:49,360 --> 00:48:51,640
Speaker 1: extent I have any credibility, it's because I hope that

937
00:48:51,680 --> 00:48:54,200
Speaker 1: we're just honest and we're telling people straight. And I

938
00:48:54,239 --> 00:48:57,120
Speaker 1: think when you don't do that, when when you when

939
00:48:57,120 --> 00:48:59,920
Speaker 1: you're when you're playing around the edges. And look, I

940
00:49:00,120 --> 00:49:03,920
Speaker 1: think that Elizabeth Warrens truth is that she wants people

941
00:49:04,000 --> 00:49:05,799
Speaker 1: like you on Must to pay more. But I don't

942
00:49:05,840 --> 00:49:08,400
Speaker 1: know if she really thinks on musk Unto himself is

943
00:49:08,440 --> 00:49:10,799
Speaker 1: a terrible human being because of the way he pays

944
00:49:10,840 --> 00:49:12,960
Speaker 1: his taxes. He pays his taxes because that's the law,

945
00:49:13,160 --> 00:49:15,000
Speaker 1: that is the law. It's a lot. It's a lot

946
00:49:15,040 --> 00:49:19,799
Speaker 1: easier to point at Elon Moss personally, I imagine, than

947
00:49:19,880 --> 00:49:23,160
Speaker 1: to point quote at yourself and all of the other

948
00:49:23,280 --> 00:49:26,279
Speaker 1: legislators in Washington, say what are we doing here? And

949
00:49:26,280 --> 00:49:28,600
Speaker 1: why haven't we fixed it? If in fact it deserves

950
00:49:28,640 --> 00:49:31,600
Speaker 1: to be fixed. Yes, and and let's just say that,

951
00:49:31,640 --> 00:49:34,880
Speaker 1: you know, no good d shall go unpunished. So if

952
00:49:34,920 --> 00:49:38,799
Speaker 1: you're an elected official, you know, if you're lucky, people

953
00:49:39,000 --> 00:49:42,360
Speaker 1: like you. If you're lucky. Every we like former presidents

954
00:49:42,760 --> 00:49:45,319
Speaker 1: and in future presidents. We we rarely, we rarely like

955
00:49:45,360 --> 00:49:48,040
Speaker 1: a president when he's or she is in office because

956
00:49:48,760 --> 00:49:54,200
Speaker 1: you just can't please the American public. I mean, so

957
00:49:54,400 --> 00:49:57,480
Speaker 1: I will give I'm gonna say that, you know, Senator

958
00:49:57,480 --> 00:49:59,640
Speaker 1: Elizabeth Warmant, thank thank thanks for finding a good fight,

959
00:49:59,680 --> 00:50:04,480
Speaker 1: and all the other champions of of the little underdog,

960
00:50:04,640 --> 00:50:08,520
Speaker 1: Maxine Waters and all the others. I know you mean, well,

961
00:50:08,920 --> 00:50:11,560
Speaker 1: I think we've got to find a And then there's

962
00:50:11,600 --> 00:50:14,560
Speaker 1: a whole bunch of dishonest people who actually don't mean well.

963
00:50:14,680 --> 00:50:17,040
Speaker 1: We don't have time for that conversation. Have a lot

964
00:50:17,040 --> 00:50:19,359
Speaker 1: of time for Elizabeth Warren, a lot and a lot

965
00:50:19,480 --> 00:50:23,640
Speaker 1: of empathy and sympathy for our arguments because I do

966
00:50:23,760 --> 00:50:26,719
Speaker 1: think that they come from the right place. Meaning I

967
00:50:26,760 --> 00:50:29,600
Speaker 1: think she does want to fix the system. I do,

968
00:50:29,680 --> 00:50:33,320
Speaker 1: and I and I anybody who actually, I think genuinely

969
00:50:33,360 --> 00:50:35,839
Speaker 1: wants to fix the system, I I give a lot

970
00:50:35,880 --> 00:50:38,160
Speaker 1: of credence to. I just think in certain cases that

971
00:50:38,200 --> 00:50:40,879
Speaker 1: I disagree with how they doing it. Yeah. No, we're

972
00:50:40,880 --> 00:50:42,960
Speaker 1: in a hundred percent agreement. I think we're stepping in

973
00:50:43,000 --> 00:50:45,720
Speaker 1: mass and not over it. I think we're winning the battle,

974
00:50:45,880 --> 00:50:48,960
Speaker 1: not winning the war. I think we're specializing in drama

975
00:50:49,160 --> 00:50:51,759
Speaker 1: and getting people all worked up. But right now we

976
00:50:51,800 --> 00:50:55,520
Speaker 1: need more as many page uh dues as we have

977
00:50:55,640 --> 00:50:58,680
Speaker 1: pH ds. We need, we need these conversations. Promise you

978
00:50:58,760 --> 00:51:01,200
Speaker 1: have a beginning, in middle and an end. And we

979
00:51:01,239 --> 00:51:04,320
Speaker 1: should not demonize people. We should demonize. We should demonize

980
00:51:04,360 --> 00:51:07,520
Speaker 1: the problem um, particularly when the person is just doing

981
00:51:07,600 --> 00:51:09,040
Speaker 1: as you said. I mean, Elon Musk is not my

982
00:51:09,040 --> 00:51:10,719
Speaker 1: favorite guy. He was I was with him the last

983
00:51:11,040 --> 00:51:14,279
Speaker 1: well recently at the Time Magazine person of the Year thing.

984
00:51:14,360 --> 00:51:17,360
Speaker 1: I mean, I could do without him being Time magazine.

985
00:51:17,719 --> 00:51:19,919
Speaker 1: If he's not my guy, I don't buy. I don't

986
00:51:20,040 --> 00:51:22,200
Speaker 1: like the way he flows, but I admire what he's

987
00:51:22,239 --> 00:51:24,680
Speaker 1: created for all the reasons you've just said, and I

988
00:51:24,680 --> 00:51:27,560
Speaker 1: can respect that. And he is paying a crapload in taxes.

989
00:51:27,640 --> 00:51:30,359
Speaker 1: It's called capital gains for anybody wants to do some

990
00:51:30,440 --> 00:51:33,200
Speaker 1: research versus on ordinary income. What she's saying is he

991
00:51:33,239 --> 00:51:36,400
Speaker 1: should pay money on ordinary income. Let me tell you newsflash. Everybody,

992
00:51:36,440 --> 00:51:39,000
Speaker 1: by the way, billionaires A figure this stuff out. They

993
00:51:39,040 --> 00:51:41,879
Speaker 1: don't make any ordinary income. They make all their money

994
00:51:41,880 --> 00:51:43,440
Speaker 1: through capital gains. If you want to tax him, you

995
00:51:43,480 --> 00:51:46,000
Speaker 1: got anyways, a whole another conversation. He's paying what the

996
00:51:46,080 --> 00:51:47,840
Speaker 1: law size, you need a wealth If you're gonna do that,

997
00:51:47,920 --> 00:51:49,600
Speaker 1: you need a wealth tax. And then you're taxing what

998
00:51:49,600 --> 00:51:51,719
Speaker 1: are called unrealized gains, which your games that you never

999
00:51:51,760 --> 00:51:55,440
Speaker 1: had yet. And I find that a bit harder, just

1000
00:51:55,520 --> 00:51:59,080
Speaker 1: a stretch. Right. So so there is no perfect answer here.

1001
00:51:59,400 --> 00:52:01,399
Speaker 1: What we need it as a perfect union. And we've

1002
00:52:01,440 --> 00:52:03,680
Speaker 1: gotta we've gotta stop arguing with each other because the

1003
00:52:03,719 --> 00:52:05,960
Speaker 1: Bible says the house divided cannot stand. Let me tell

1004
00:52:05,960 --> 00:52:08,279
Speaker 1: you benefits from all this crap is going on now.

1005
00:52:08,360 --> 00:52:10,040
Speaker 1: The way in which we're doing in this which what

1006
00:52:10,080 --> 00:52:14,239
Speaker 1: you're talking about China in Russia, who love that we're

1007
00:52:14,280 --> 00:52:17,640
Speaker 1: have in this family food fight because markets hate clouds

1008
00:52:17,680 --> 00:52:21,640
Speaker 1: and cloudiness and drama. But your adversaries want to slow

1009
00:52:21,680 --> 00:52:23,480
Speaker 1: you down. They want you to trip your trip up,

1010
00:52:23,480 --> 00:52:25,400
Speaker 1: They want you to argue with each other over stupid stuff.

1011
00:52:25,400 --> 00:52:28,280
Speaker 1: We gotta stop talking about red and blue and black

1012
00:52:28,320 --> 00:52:30,000
Speaker 1: and white and trying to figure out how we can

1013
00:52:30,000 --> 00:52:32,719
Speaker 1: all get some more green as in US currency and

1014
00:52:32,840 --> 00:52:36,160
Speaker 1: some environmental sustainability. How do we create a sustainable planet

1015
00:52:36,160 --> 00:52:39,320
Speaker 1: that grows? How do we create a sustainable marketplace that grows?

1016
00:52:39,360 --> 00:52:42,200
Speaker 1: How do we involve more of God's children in the economy.

1017
00:52:42,280 --> 00:52:44,200
Speaker 1: Why are we demonizing rich people? We should all, We

1018
00:52:44,239 --> 00:52:46,920
Speaker 1: should want as many rich people we want, we should want.

1019
00:52:46,960 --> 00:52:49,440
Speaker 1: This whole country is about poor people becoming rich. I mean,

1020
00:52:49,480 --> 00:52:51,160
Speaker 1: what do you think Goldman Sex came from? Is a

1021
00:52:51,160 --> 00:52:55,560
Speaker 1: guy named poor, a poor struggling immigrant from who's Jewish

1022
00:52:55,640 --> 00:52:59,160
Speaker 1: from Europe named Goldman and a guy named Sas selling

1023
00:52:59,160 --> 00:53:03,000
Speaker 1: stuff door to door or who became successful. Now that's

1024
00:53:03,040 --> 00:53:05,759
Speaker 1: Goldman Sacks. That's every big business was once a small one,

1025
00:53:06,120 --> 00:53:09,040
Speaker 1: including me. We should want we shouldn't. I think you're

1026
00:53:09,040 --> 00:53:13,000
Speaker 1: what you're saying, Andrew is she's not just demonizing. In

1027
00:53:13,040 --> 00:53:15,719
Speaker 1: this example when I'm not building a picking Elizabeth warning.

1028
00:53:15,760 --> 00:53:17,879
Speaker 1: By the way, this is an example people who would

1029
00:53:17,920 --> 00:53:20,000
Speaker 1: do that even with the goodness in their heart, which

1030
00:53:20,000 --> 00:53:22,040
Speaker 1: I believe she has. Other like other people who are

1031
00:53:22,080 --> 00:53:24,960
Speaker 1: just lying, people who may not be paying deep attention

1032
00:53:25,000 --> 00:53:27,200
Speaker 1: to this, Andrew, are just getting the message of people

1033
00:53:27,200 --> 00:53:29,759
Speaker 1: that rich people are bad, and that's just wrong. We

1034
00:53:29,760 --> 00:53:32,320
Speaker 1: should we should want people to become successful, isn't that right, Andrew?

1035
00:53:35,440 --> 00:53:38,160
Speaker 1: I root for success for everybody across the board. I

1036
00:53:38,200 --> 00:53:41,759
Speaker 1: really really do. So. My mother always said, you never

1037
00:53:41,800 --> 00:53:43,680
Speaker 1: wanna be the old guy in the club. So before

1038
00:53:43,680 --> 00:53:45,600
Speaker 1: you kick me out off of this podcast, Andrew, I'm

1039
00:53:45,600 --> 00:53:48,440
Speaker 1: gonna leave. This was my longest podcast session because I mean,

1040
00:53:48,480 --> 00:53:51,040
Speaker 1: I can talk to you all day, all night long.

1041
00:53:51,080 --> 00:53:54,120
Speaker 1: You're my brother from another mother. You're an honorary black man.

1042
00:53:54,560 --> 00:53:56,920
Speaker 1: You are coolest is heck? I think I think I

1043
00:53:56,920 --> 00:53:58,759
Speaker 1: can say another word on here, but I won't. The

1044
00:53:58,800 --> 00:54:00,919
Speaker 1: kids may be listening, but you are you a one

1045
00:54:01,040 --> 00:54:03,720
Speaker 1: bad brother, and I love you. I gotta, I gotta,

1046
00:54:03,760 --> 00:54:06,680
Speaker 1: I gotta. My wife is listening to this hopefully, and

1047
00:54:06,719 --> 00:54:08,360
Speaker 1: I'm straight it's gonna be. I got a man crush

1048
00:54:08,400 --> 00:54:11,080
Speaker 1: on Andrew Ross Sorkin. You are a bad sexy brain,

1049
00:54:11,600 --> 00:54:14,560
Speaker 1: uh smart as brother, and I hope you. I hope

1050
00:54:14,600 --> 00:54:16,839
Speaker 1: you stay in the fight every damn day because the

1051
00:54:16,840 --> 00:54:19,080
Speaker 1: world needs you. So why don't you leave this audience

1052
00:54:19,760 --> 00:54:22,600
Speaker 1: with your with with your building advice? Like? What what

1053
00:54:22,640 --> 00:54:24,920
Speaker 1: do you what advice counsel thoughts do you have for

1054
00:54:24,960 --> 00:54:27,160
Speaker 1: the young Andrew Ross Sorkin or people listening to this

1055
00:54:27,200 --> 00:54:29,440
Speaker 1: who don't think that the country works for them and

1056
00:54:29,480 --> 00:54:31,520
Speaker 1: there's no place for them and they want to know

1057
00:54:31,560 --> 00:54:34,240
Speaker 1: how to build back better or build or build wealth,

1058
00:54:34,320 --> 00:54:36,720
Speaker 1: or build community, or build their own business, or build

1059
00:54:36,719 --> 00:54:38,719
Speaker 1: their own life, or build their family, or build their

1060
00:54:38,719 --> 00:54:41,399
Speaker 1: self esteem. What's sure? What do you say to them?

1061
00:54:41,640 --> 00:54:43,640
Speaker 1: That is not an easy question. Everyone's got a sound

1062
00:54:43,640 --> 00:54:48,239
Speaker 1: bite for that. I don't um. I think your answer ultimately, ultimately,

1063
00:54:48,440 --> 00:54:51,839
Speaker 1: and it's it's a cliche to some degree, but it's

1064
00:54:51,880 --> 00:54:54,680
Speaker 1: some semblance, it's it's it's some idea around the idea

1065
00:54:54,920 --> 00:54:58,320
Speaker 1: of frankly, just being persistent. I think that every person

1066
00:54:58,360 --> 00:55:03,120
Speaker 1: I've ever met who said any success, it never came easy. Ever,

1067
00:55:03,760 --> 00:55:06,680
Speaker 1: it didn't just happen. A lot of people said no, first,

1068
00:55:07,480 --> 00:55:10,200
Speaker 1: you can't get discouraged. And the truth is, and we

1069
00:55:10,239 --> 00:55:12,879
Speaker 1: said it earlier and as impatient as we all are

1070
00:55:13,360 --> 00:55:16,279
Speaker 1: the three teas. Things take time, but you'll get there

1071
00:55:16,320 --> 00:55:20,320
Speaker 1: if you keep going. M Things take time. Things take time.

1072
00:55:20,760 --> 00:55:23,880
Speaker 1: That doesn't mean you should take your time, So be

1073
00:55:23,920 --> 00:55:27,960
Speaker 1: in a hurry, being a rush. Be be, be, be

1074
00:55:28,160 --> 00:55:32,320
Speaker 1: impatient for injustice. Cover uh those who are weak and

1075
00:55:32,520 --> 00:55:35,960
Speaker 1: shut in, who are shaking in the night with with

1076
00:55:35,960 --> 00:55:38,960
Speaker 1: with no clothes. Stop at the off ramp you see

1077
00:55:39,000 --> 00:55:42,799
Speaker 1: somebody in thirty degree weather who's homeless, and give them

1078
00:55:43,160 --> 00:55:45,279
Speaker 1: an encouraging word and maybe five or ten dollars out

1079
00:55:45,280 --> 00:55:47,800
Speaker 1: of your pocket you can afford it. Find a homeless

1080
00:55:47,800 --> 00:55:49,680
Speaker 1: shelter if you happen to be driving by one and

1081
00:55:49,719 --> 00:55:51,960
Speaker 1: you saw somebody behind you who was homeless, and at

1082
00:55:52,000 --> 00:55:53,920
Speaker 1: least let them know where it was. It is their

1083
00:55:53,960 --> 00:55:56,960
Speaker 1: decision to go there or not. Give a little back

1084
00:55:56,960 --> 00:56:01,920
Speaker 1: to charity, Find somebody to mentor find a young person

1085
00:56:02,000 --> 00:56:05,719
Speaker 1: who's aspiring like me, which Andrew Ross Sorkin did. Put

1086
00:56:05,760 --> 00:56:08,239
Speaker 1: him on your show, put him on your TV show,

1087
00:56:08,560 --> 00:56:11,160
Speaker 1: put him in your newspaper article, make a phone call

1088
00:56:11,280 --> 00:56:16,640
Speaker 1: for them, Encourage them, you know, give them, give them

1089
00:56:16,719 --> 00:56:23,640
Speaker 1: some support, because success takes time, but it also takes mentorship.

1090
00:56:23,880 --> 00:56:26,319
Speaker 1: It takes relationship capital, because if you hang around nine

1091
00:56:26,320 --> 00:56:28,480
Speaker 1: broke people, you'll just be the tenth. It takes somebody

1092
00:56:28,560 --> 00:56:31,520
Speaker 1: rooting for you. It takes somebody backing you. Andrew ross Orkin,

1093
00:56:31,560 --> 00:56:34,239
Speaker 1: thanks for backing me, and so many others who haven't

1094
00:56:34,239 --> 00:56:36,000
Speaker 1: had a chance to say thank you. You're a good dude,

1095
00:56:36,120 --> 00:56:39,839
Speaker 1: Thank you your consul. And it has been a remarkable thing.

1096
00:56:40,280 --> 00:56:42,319
Speaker 1: So glad I met you in China two thousand seven,

1097
00:56:42,360 --> 00:56:45,759
Speaker 1: and I have just loved watching all your success. I

1098
00:56:45,880 --> 00:56:48,560
Speaker 1: was just with my man Andrew Ross Sorkin and the

1099
00:56:48,680 --> 00:56:52,080
Speaker 1: three T s. Things take time. I would say change

1100
00:56:52,120 --> 00:56:54,759
Speaker 1: takes time, but I think you can remember that T

1101
00:56:54,920 --> 00:56:58,000
Speaker 1: T T things take time, which doesn't mean you should

1102
00:56:58,040 --> 00:57:01,440
Speaker 1: take your time doing the thing, but just understand that

1103
00:57:01,520 --> 00:57:05,200
Speaker 1: things take time. All things, good things take time. Let

1104
00:57:05,200 --> 00:57:08,439
Speaker 1: me tell you something else. Love is work, uh, he said,

1105
00:57:08,440 --> 00:57:11,960
Speaker 1: to be persistent, he said, never give up. Love is work.

1106
00:57:12,080 --> 00:57:15,240
Speaker 1: Non love is laziness. Anti love is evil. Evil exists,

1107
00:57:15,280 --> 00:57:18,320
Speaker 1: but it's very rare. Most people are just lazy and

1108
00:57:18,520 --> 00:57:22,680
Speaker 1: lexily lazy, financially lazy, spiritually lazy, emotionally lazy, morally lazy.

1109
00:57:22,720 --> 00:57:25,480
Speaker 1: They just don't want to do the work. Andrew Ross

1110
00:57:25,480 --> 00:57:28,280
Speaker 1: Sorkin encourages you all to do the work, and particularly

1111
00:57:28,280 --> 00:57:30,000
Speaker 1: if you're a person of color or a woman, you're

1112
00:57:30,000 --> 00:57:31,640
Speaker 1: gonna have to do twice the amount of work. Don't

1113
00:57:31,640 --> 00:57:33,240
Speaker 1: don't get it to bears out for about it. Don't

1114
00:57:33,240 --> 00:57:36,040
Speaker 1: have a chip on your shoulder. Just understand that the game,

1115
00:57:36,200 --> 00:57:38,120
Speaker 1: the game, the playing fields just not a level. That's

1116
00:57:38,120 --> 00:57:41,080
Speaker 1: all right. Haters make you better. You have people on

1117
00:57:41,120 --> 00:57:43,320
Speaker 1: the inside like Andrew Ross Sorkin and people on the

1118
00:57:43,360 --> 00:57:46,680
Speaker 1: outside on the sidelines like me, trying to open the

1119
00:57:46,720 --> 00:57:48,479
Speaker 1: door and push you through it. So but you gotta

1120
00:57:48,480 --> 00:57:50,200
Speaker 1: get to the door so we can push you through it.

1121
00:57:50,560 --> 00:57:53,720
Speaker 1: Capitalist is not bad. Is the abuse of capitalism. It's

1122
00:57:53,760 --> 00:57:59,840
Speaker 1: an average. It's the low frequency, arrogant, obnoxious greed days

1123
00:58:00,120 --> 00:58:03,920
Speaker 1: me me based approach to life, which only means if

1124
00:58:03,920 --> 00:58:06,160
Speaker 1: you're a good person and you become wealthy, you become

1125
00:58:06,160 --> 00:58:10,040
Speaker 1: a better wealthy person. If you're a bad person or

1126
00:58:10,080 --> 00:58:13,440
Speaker 1: a jerk and become wealthy, become a horrible bad person.

1127
00:58:13,520 --> 00:58:16,440
Speaker 1: With money, everything just gets amplified. So let's put some

1128
00:58:16,520 --> 00:58:19,320
Speaker 1: good people in power so they can share that power

1129
00:58:19,320 --> 00:58:21,400
Speaker 1: and amplify that power on others. And that's what Andrew

1130
00:58:21,440 --> 00:58:23,280
Speaker 1: Rocks Sorkin is doing. And that's what I'm trying to do.

1131
00:58:23,400 --> 00:58:24,920
Speaker 1: This when a lot of good people are trying to

1132
00:58:24,920 --> 00:58:26,880
Speaker 1: do you want to you have covered a good people.

1133
00:58:26,960 --> 00:58:32,440
Speaker 1: Let's not demonize he said success. This whole country is

1134
00:58:32,480 --> 00:58:35,400
Speaker 1: built on entrepreneurship, and all legitimate wealth comes from business.

1135
00:58:35,520 --> 00:58:38,960
Speaker 1: Why would you Why would you demonize wealth creation? Why

1136
00:58:38,960 --> 00:58:41,560
Speaker 1: would you not encourage everybody to want to be successful.

1137
00:58:41,600 --> 00:58:44,640
Speaker 1: So we've got to have our elected officials. Um, they

1138
00:58:44,640 --> 00:58:47,800
Speaker 1: don't like the laws, change the laws, but don't beat

1139
00:58:47,880 --> 00:58:51,320
Speaker 1: up somebody because they're following the law. We should We

1140
00:58:51,320 --> 00:58:56,320
Speaker 1: should applaud legitimate success um and encourage other people to

1141
00:58:56,400 --> 00:59:00,200
Speaker 1: do that too, of all races and colors, so that

1142
00:59:00,240 --> 00:59:03,840
Speaker 1: they can do well and do good too. We both agreed.

1143
00:59:03,880 --> 00:59:05,640
Speaker 1: Even if you want to distribute money like a socialist,

1144
00:59:05,640 --> 00:59:08,160
Speaker 1: she had the first collected like a capitalist, and that

1145
00:59:08,960 --> 00:59:11,720
Speaker 1: business and capitalism and free enterprise can be a force

1146
00:59:11,800 --> 00:59:16,120
Speaker 1: for good. This is Building the Good Life with John

1147
00:59:16,160 --> 00:59:20,400
Speaker 1: Hope right. Building the Good Life with John Hope Bryant

1148
00:59:20,480 --> 00:59:22,240
Speaker 1: is brought to you by Prudential Financial