Goldman Sachs
Showing 841–855 of 1298 transcripts.
- 21 min
From “The Way Forward" Conference: Sarah Friar, CEO, Nextdoor
Between February and May 2020, Nextdoor experienced an 80% surge in usage and a permanent shift to daily engagement across 265,000 neighborhoods while deploying safety features like the Help Map and verified residency checks to support local commerce and counter misinformation. CEO Sarah Levison pivoted the platform toward a stakeholder model that leveraged psychological research to reduce racial profiling by 70% and introduced transparency measures to foster grassroots social change. These strategic adaptations addressed a 100% revenue drop for small businesses and aligned with emerging long-term trends in local commerce, virtual healthcare, and hybrid work environments.
- 46 min
From “The Way Forward" Conference: Jim Fitterling, CEO of Dow, and Julie Sweet, CEO of Accenture
Jim Fitterling, Julie Sweet, John
Accenture CEO Julie Sweet and Dow executive Fitterling describe how the 2020 pandemic accelerated a fundamental shift from physical to digital business operations, exposing a performance gap where top adopters leveraged cloud infrastructure to remote-work instantly while laggards struggled with obsolete sales channels. This crisis drove aggressive strategic pivots, including Dow's rapid e-commerce expansion and the integration of AI for product development, which simultaneously highlighted critical needs for cybersecurity fortification and systemic workforce reskilling through public-private partnerships. The leaders further argue that these technological transitions must be paired with enduring commitments to sustainability targets and racial justice initiatives to ensure long-term organizational resilience against future geopolitical and social disruptions.
- 23 min
From “The Way Forward" Conference: Ray Dalio Founder, Co-Chairman and Co-CIO, Bridgewater Associates
Ray Dalio identifies a convergence of the long-term debt cycle, extreme wealth inequality, and a structural rivalry between the U.S. and China that mirrors the geopolitical tensions of the 1930s. This framework signals a shift toward monetary and fiscal coordination that depreciates cash and currency while inflating asset prices, rendering the traditional 60/40 investment strategy ineffective. Consequently, investors are urged to pivot away from bonds and cash toward diversified holdings like gold and inflation-protected securities to preserve wealth against inevitable currency devaluation and heightened political risk.
- 13 min
From “The Way Forward" Conference: Dr. Stephen J. Corwin, President and CEO, New York-Presbyterian
Dr. Stephen J. Corwin, Sharmini, Dr. Steve Corwin
During the unprecedented first wave of the pandemic, New York Presbyterian Hospital, under President and CEO Dr. Steve Corwin, treated over 2,700 COVID-19 patients while grappling with severe supply chain shortages and a psychological toll that resulted in the suicide of a physician leader. Facing a projected financial loss exceeding $1 billion and an estimated 20% in-hospital mortality rate, the institution is now expanding ICU capacity to 900 beds and securing a 60-day PPE stockpile to prepare for a potential second wave. Despite Dr. Corwin's pessimism regarding vaccine availability before early 2021, the hospital is refining novel staffing models and supporting peer networks to ensure resilience against future surges in New York and emerging epicenters.
- 18 min
From “The Way Forward" Conference: Ed Bastian, CEO, Delta Air Lines
Delta CEO Ed Bastian characterizes the pandemic as a biological crisis more complex than 9/11, prompting the airline to implement strict safety protocols like 60% load caps, mandatory masking, and comprehensive HEPA filtration that have reduced employee infection rates to one-fifth of the national average. While leisure demand has driven a rebound to 15% of pre-pandemic volumes with record customer satisfaction scores, the company simultaneously shifts its strategic focus toward workforce resilience, launching a massive employee testing program and reorganizing its fleet to prepare for a future where domestic travel leads economic recovery.
- 8 min
The Next Phase of Corporate Strategy
Global corporations are fundamentally reorienting their strategies from strict financial optimization to operational resilience and social purpose, driven by a global health crisis that distinguishes this period from previous economic downturns. This pivot has fueled record capital raising and accelerated supply chain decoupling from China, while investment banks have successfully maintained deal flow through fully virtual execution methods. Looking ahead, pent-up capital and sector-specific consolidation needs in technology and healthcare are expected to drive a meaningful resurgence in merger and acquisition activity later this year.
- 23 min
The Power of Advocacy: US Mayors
Eric Johnson, Nan Whaley, LaToya Cantrell
Mayors Eric Johnson of Dallas, Andrew Whitaker of Dayton, and LaToya Cantrell of New Orleans collectively addressed the compounding crises of the COVID-19 pandemic and civil unrest while outlining strategies to support small businesses and protect vulnerable populations. These leaders detailed significant public-private financial partnerships, such as Dallas's $10 million recovery fund and New Orleans' $50 million commitment with Goldman Sachs, to mitigate job losses and address systemic inequities. Furthermore, the mayors emphasized an urgent need for federal assistance and collaborative governance to accelerate economic recovery and build more resilient, equitable urban environments.
- 7 min
What’s Next for Emerging Markets Equities
Emerging market equities have rallied due to pandemic recovery, fiscal stimulus, and resilient corporate earnings, with a specific structural shift occurring as manufacturing capacity relocates from China to nations like Mexico. The sector's diversity drives distinct opportunities across fintech, where China and India lead adoption, and e-commerce in Latin America, which is projected to double its penetration rate within five years. Although near-term earnings may decline, Goldman Sachs maintains a positive outlook based on projected regional growth of 7% to 8% and the current discount of EM valuations relative to historical levels and developed markets.
- 7 min
Face Masks and GDP
Goldman Sachs Research proposes a national face mask mandate as an economic alternative to lockdowns, projecting that increasing U.S. compliance from 70% to 85% could lower daily infection growth rates from 1.6% to 0.6%. The report argues this strategy would avoid the estimated 5% GDP reduction associated with equivalent restrictions on economic activity, citing data from East Asia and Southern Europe where mandates successfully slowed viral spread. While the analysis acknowledges potential measurement errors, it concludes that federal or decentralized mandates offer a statistically viable path to mitigate the Sunbelt's accelerating crisis.
- 9 min
Small Cap Stock Performance
Following a post-March market bottom where small-cap stocks outperformed large-caps by 30%, investors are capitalizing on a recovery trade focused on domestically generated revenues. Portfolio managers have strategically avoided pandemic-impacted sectors like energy and retail, instead positioning capital in healthcare, technology, and consumer digitization companies capable of sustaining market share. This active, bottom-up approach leverages deep fundamental analysis to identify inflection points in firms pivoting toward therapeutics, educational technology, and cybersecurity, reinforcing the strategy's efficiency advantage over passive small-cap investing.
- 11 min
Stress Testing the Big US Banks
The Federal Reserve implemented a new Stress Capital Buffer Framework for the 10th annual stress test, allowing 32 banks to bypass prior approval requirements for capital returns while withstanding simulated scenarios of 10% unemployment and a 50% market decline. All participating institutions passed with $140 billion in excess aggregate capital, positioning the banking system with double the 2008 reserves and liquidity sufficient to support over $1 trillion in incremental lending. To address projected unemployment peaks exceeding 15%, banks will resubmit capital plans in late 2020 while leveraging robust capital market activity to offset rising loan loss reserves and maintain operational profitability.
- 23 min
Val Ackerman, Commissioner of the Big East Conference
On March 12, the Big East Conference suspended its tournament quarterfinals following a strategic assessment by its Board of Directors amidst state mandates on large gatherings and the broader coronavirus response. Under the leadership of President Val Ackerman, the conference simultaneously launched a diversity working group across its 11 member schools and advocated for NCAA rule changes permitting student-athletes to monetize their names, images, and likenesses. With UConn's recent addition strengthening its competitive profile and an expanded digital network, the conference is navigating complex return-to-play logistics while leveraging its status as the largest producer of collegiate women's sports programming.
- 28 min
Protecting You, Your Family and Your Employees
Dr. Mark McClellan, Alex Gorsky, Dr. Susan David, John
Johnson & Johnson Chairman Alex Gorski, former FDA Commissioner Dr. Mark McClellan, and psychologist Dr. Susan David discuss a unified framework for navigating the intersection of the pandemic, racial justice, and economic stability. Gorski details Johnson & Johnson's accelerated vaccine development using its viral vector platform with a not-for-profit pricing model, while McClellan outlines a four-phase reopening strategy requiring robust healthcare capacity and equitable testing access. Concurrently, David argues that organizational resilience depends on leaders adopting emotional agility to validate employee distress and realigning systemic practices with core values to address the social inequities exposed by the crisis.
- 15 min
The Power of Advocacy: US Senators
Ben Cardin, Steve Daines, Maggie Hassan, Senator Cardin, Senator Daines, Senator Hassan
Following a near-unanimous congressional vote, the Paycheck Protection Program evolved through bipartisan legislative adjustments that extended loan forgiveness timelines and recalculated expense ratios based on direct feedback from small business owners. Senators Cardin, Hassan, and Daines facilitated these critical "bug fixes" by prioritizing storytelling and real-world data to ensure the safety net remained effective as economic conditions shifted rapidly. This collaborative process highlighted how transparent communication between legislators and the ground-level intelligence of local entrepreneurs created a flexible framework essential for preserving jobs during the national emergency.
- 9 min
Paving the Way for the European Green Deal
The European Union's Green Deal outlines an ambitious, €7 trillion investment strategy to achieve net-zero emissions by 2050, targeting decarbonization across power, transport, manufacturing, and heating sectors. Funded through a hybrid model of private capital and public subsidies, the initiative leverages existing recovery funds to transform energy infrastructure while aiming for a five-to-one economic return multiplier. With strong backing from 19 member states and accelerated legislative timelines, the plan seeks to establish global climate leadership, though its success hinges on resolving potential bottlenecks between centralized mandates and local permitting processes.