Latest Interviews
Showing 1006–1020 of 1,615 transcripts.
Clear all filters- Milken Institute53 min
The Road Ahead in Finance: Regulation, Disruption and Human Capital
Timothy O'Hara, Emanuel Friedman, Paul Hamill, Timothy Massad, Stephen Schwarzman, Darryl White, Tim O'Hara, Steve Schwarzman, Tim Massad, Manny Friedman
Six to seven years post-crisis, the financial sector has achieved lower leverage and improved balance sheets at the cost of reduced liquidity, declining returns to 9%, and a shifting landscape where non-bank entities challenge incumbent dealers. Regulatory pressures and technological shifts are driving a transition toward electronic fixed-income markets and blockchain-based data integrity, while firms face intense competition for talent from Silicon Valley. Ultimately, industry success depends on balancing ethical culture with digital innovation to stabilize returns at 13–15% without stifling broader economic growth.
- Milken Institute58 min
Mexico as a Global Powerhouse
Michael Milken, Thaddeus Arroyo, Pedro Aspe, Francisco González Díaz, Alan Schwartz, Blanca Treviño
Mexico has successfully transitioned from a high-inflation, discretionary economy to a rules-based system anchored by institutional reforms, an independent central bank, and NAFTA frameworks that stabilized inflation while driving automotive parity with US prices. These macroeconomic shifts, alongside aggressive sector-specific investments by firms like AT&T and energy producers, have catalyzed a surge in foreign direct investment, telecommunications growth, and manufacturing competitiveness that leverages a young, engineering-rich workforce. The event concludes that these developments position Mexico as an indispensable partner in a unified North American production powerhouse, essential for US companies seeking to compete globally against Asian markets.
- Milken Institute59 min
Credit Market Outlook
Michael Milken, Richard Byrne, Scott Minerd, Joseph Naggar, David Warren, James Zelter, Mike Milken, Rich Byrne
The panel examined a complex credit environment characterized by historically high corporate debt levels and constrained bank liquidity, which has created significant arbitrage opportunities in special situations, distressed commercial real estate, and non-bank lending. Industry leaders emphasized that effective capital deployment now demands substantial technological infrastructure and deep sector expertise, leading to a market dynamic where active management consistently outperforms passive strategies. While current conditions favor a "credit alpha" environment with yields ranging from 8% to 16%, experts warn that regulatory pressures and potential recessionary headwinds will likely drive future industry consolidation toward larger, well-capitalized firms.
- Milken Institute58 min
How Do We Value Art?
Jane Nathanson, Deborah McLeod, Timothy Potts, Philip, Lucienne, Martha Minowski
Art leaders including MOCA co-founder Jane Nathanson, Gagosian Director Deborah McLeod, and Getty Director Timothy Potts debate the shifting balance between passion-driven collecting and financial investment at a Los Angeles forum. Participants analyzed market dynamics from the $60 billion global fine art volume to the specific challenges of the antiquities trade, emphasizing rigorous due diligence and the curatorial role of auction houses like Sotheby's. The consensus highlighted a strategic pivot where museums act as cultural anchors driving tourism while collectors increasingly adopt contrarian investment strategies to navigate the cyclical nature of contemporary art valuations.
- Milken Institute58 min
Activist Philanthropy: Upping the Ante for Giving
Richard Ditizio, Precious Moloi-Motsepe, Sean Parker, Lynda Resnick, George Weiss
This event critiques the fragmentation of the U.S. nonprofit sector by showcasing five distinct models of high-impact philanthropy led by Linda and Rich Resnick, George Weiss, Precious Motsebe, and Shawn Fanning. Each speaker demonstrates how shifting from single-issue aid to systemic, business-driven strategies—such as Resnick's community surveys in the Central Valley, Weiss's city-wide health and education integration, Motsebe's private equity approach in South Africa, and Fanning's cross-institutional cancer research consortium—creates sustainable capital and measurable outcomes. Collectively, these case studies advocate for a generational shift toward "engineering" solutions that prioritize local data, talent mobility, and self-sustaining economic structures over traditional charity.
- Milken Institute1h 7m
Taking the Long View: The Dangers of Short-Termism
Scott Minerd, Christopher Ailman, Scott Evans, Vicki Fuller, Hiromichi Mizuno
Representatives from major funds including GPIF, CalSTRS, New York State, and New York City convened to advocate for shifting from quarterly transparency to long-term "permanent ownership" strategies that prioritize corporate governance over short-term market volatility. The panelists unanimously criticized outdated fee structures and bureaucratic hiring constraints, proposing aggressive reforms such as clawback provisions, in-house management expansion, and a transition of U.S. public pensions into quasi-commercial entities to secure top-tier talent. By aligning compensation models with actual performance and redefining passive management as active stewardship, these leaders aim to sustain multi-decade return objectives amidst a landscape of near-zero bond yields and intense public pressure for immediate results.
- Milken Institute59 min
Monetary Policy: Out of Ammunition?
David Zervos, Joachim Fels, Pippa Malmgren, James McCormack, Stephen S. Poloz
At the Milken Institute panel, David Zervos, Joachim Fels, Jakob Frenkel, and Pippa Malmgren analyzed the diminishing efficacy of traditional monetary tools and the potential for central bank coordination following the 2016 G20 Shanghai meeting. The experts debated the risks of unconventional strategies such as negative rates, "helicopter money," and sovereign debt monetization while contrasting their impacts on global currency dynamics and emerging market stability. Furthermore, the discussion highlighted a divergence between improved bank solvency due to regulation and persistent systemic vulnerabilities within the shadow banking sector, alongside arguments for prioritizing private-sector innovation over state-led fiscal stimulus to address sovereign debt burdens.
- Milken Institute1h 5m
Can We Afford to Cure Disease?
Caroline Pearson, Gregg Alton, Peter Bach, Anthony Barrueta, Roy Beveridge, Tony Beretta, Pablo Legoreto
A 2015 panel discussion highlighted a five-fold surge in media mentions of prescription drug prices driven by high-cost therapies for hepatitis C and cancer, while analyzing the structural inefficiencies of the current U.S. market. Experts including Dr. Peter Bock and representatives from Humana and Gilead debated the necessity of value-based frameworks and potential policy interventions to address disparities where inflation-adjusted treatment costs rose from $50,000 to $250,000 per life-year gained. The consensus pointed toward a future shift toward outcomes-based payment models to balance pharmaceutical innovation with the financial sustainability of a healthcare system consuming 18% of U.S. GDP.
- Milken Institute58 min
The Climate Change Agreement: What's Next?
Aimée Christensen, Richard Friend, Hua Jingdong, Fred Krupp, Franklin Orr, Amy Christensen
Building on the Paris Agreement's global framework, 195 nations have committed to Nationally Determined Contributions while specific initiatives like Mission Innovation and the Breakthrough Energy Coalition mobilize 28 investors and 20 governments to double energy R&D funding. Despite these financial mechanisms and a 50% drop in renewable energy costs, current trajectories still project a 2.7°C temperature rise, necessitating an additional $770 billion in annual capital to bridge the gap toward carbon neutrality by 2050. Success now hinges on dismantling regulatory barriers, expanding carbon pricing markets, and addressing the social risks that could push 100 million more people into poverty without targeted climate resilience strategies.
- Milken Institute1h 0m
Women Entrepreneurs: A Dynamic Force in Global Growth
Rick Smith, Jessica Alba, Susan Feldman, Sheila Lirio Marcelo, Alexandra Wilkis Wilson, Debbie Wosskow
Featuring founders from Care.com, The Honest Company, and One Kings Lane, this panel examines the stark funding disparity where women start companies at double the male rate yet receive only one in twelve Series A deals. The discussion highlights how structural barriers like investor bias and the misclassification of female-centric solutions as "pleasure" problems hinder growth, while offering concrete strategies such as male allyship and targeted STEM advocacy to close the gap. By analyzing case studies that collectively raised hundreds of millions, the event underscores that achieving gender parity could add $28 trillion to the global economy and requires shifting from passive observation to active championing of women-led ventures.
- Milken Institute57 min
Brain Wave: How Meditation Can Enhance and Elevate Your Mind
Mallika Chopra, Goldie Hawn, Sara Lazar, Allan Lokos, Russell Simmons
An eight-week Mindfulness-Based Stress Reduction program triggers measurable structural brain changes, including increased gray matter in regions responsible for learning and empathy and a decreased amygdala size correlated with reduced stress. Large-scale educational initiatives like the Hawn Foundation's MindUP program leverage these findings to implement daily "brain breaks" in schools, resulting in improved academic performance and pro-social behavior among children as young as six. Furthermore, long-term meditation practice appears to preserve cognitive function and fluid intelligence with age, prompting a shift from spiritual skepticism to scientific acceptance as a viable tool for enhancing mental resilience and global well-being.
- Milken Institute54 min
Globalization: Path to Prosperity or Race to the Bottom?
Staci Warden, Victoria Espinel, Tony Fratto, Francisco González Díaz, Clark Roberts, Stefan Selig
Panelists analyzed the economic and political complexities of globalization, highlighting how the Trans-Pacific Partnership addresses modern digital flows while contrasting steady public support for trade with the acute, localized disruptions that drive populist sentiment. Evidence showed that economies integrated into global value chains outperformed protectionist ones, yet the discussion emphasized the urgent need to expand worker retraining programs and shift the policy narrative to explain the benefits of an open economy to younger generations. Ultimately, the dialogue argued that maintaining international connectivity is essential for addressing cross-border threats and sustaining future economic growth despite the challenges of the 2016 political landscape.
- Milken Institute1h 0m
The Growing Drone Phenomenon: Creating Order Out of Chaos
Gary Shapiro, Russ Burns, Lisa Ellman, Dave Vos, David Windmueller, Eric Schmidt, Jure Vatsuri, Nick Smoot, Robert
Industry leaders and policymakers convened to discuss the rapid expansion of commercial drone technology, highlighted by early adopters like Clayco securing FAA exemptions to revolutionize construction efficiency and Google's vision for automated logistics. Participants outlined a roadmap for integrating unmanned traffic management systems that rely on automated data exchange rather than traditional air traffic control, while addressing regulatory challenges regarding privacy and property rights. The dialogue concluded with an emphasis on how these advancements will drive economic growth through cost savings, reduce carbon footprints via electric delivery models, and enable humanitarian applications in disaster response.
- Milken Institute1h 0m
The Business of eSports
Brandon Beck, Kevin Lin, Gregory Milken, Matt Wolf
The global esports industry, projected to double its $500 million annual revenue within two years, is experiencing a structural shift as major corporations like Coca-Cola and Turner Broadcasting adopt strategic partnerships and television formats to reach 100 million daily viewers. Led by executives from traditional sports backgrounds and supported by platforms like Twitch's $1 billion-acquired ecosystem, the sector is rapidly developing professional infrastructure, diversified game franchises, and inclusive policies to mature beyond its digital-native origins. Despite challenges in traditional TV compatibility and merchandising revenue, the market is expanding through university scholarships, mobile game integration, and new tools designed to convert viewers into active players.
- Milken Institute1h 1m
Biotech: Bull Market or Bubble?
Luke Timmerman, Alex Denner, Bob Hugin, Annalisa Jenkins, John Reed
Panelists from major pharmaceutical firms and investment firms analyzed the biotech sector's transition from a 2012–2015 valuation bubble to a value-driven correction that prioritizes clinical utility over speculative hype. Industry leaders emphasized that while technological convergence in genomics and personalized medicine drives innovation, the sector faces critical challenges in pricing models, R&D efficiency, and patient trial enrollment that threaten long-term profitability. Consensus among the executives suggests that future success depends on collaborative regulatory frameworks, demonstrable patient outcomes, and new manufacturing efficiencies to justify the billions required for drug development.