Latest Interviews
Showing 2461–2475 of 3,056 transcripts.
Clear all filters- Milken Institute52 min
Rethinking Risk
Madelyn Antoncic, Jane Buchan, Laird Landmann, Vlad Portnoy, Myron Scholes, David M. Solomon
Prominent financial leaders including David Solomon, Vlad Portnoy, and Myron Scholes convened to analyze alarming market metrics, such as a U.S. market-to-GDP ratio of 125% and a $2.5 trillion increase in corporate leverage, which signal distorted risk management and potential systemic fragility. The panelists cautioned that negative interest rates, reduced broker-dealer liquidity, and reliance on historical stress tests have created an environment where synchronized portfolio reactions could trigger severe market dislocations. Consequently, the group advocated for shifting risk models toward forward-looking data and time-series diversification to better navigate tail risks before current monetary policies eventually normalize.
- Milken Institute55 min
Private Equity Outlook from Industry Titans
Andrea Kramer, Leon Black, Jonathan Nelson, David Rubenstein, Robert Smith
At a recent industry summit, private equity leaders including Leon Black, Jonathan Nelson, and Robert Smith identified high recession risks, compressed leverage, and evolving LP demands as critical challenges reshaping the market. The discussion highlighted a strategic pivot from rapid acquisitions to operational value creation, with firms diversifying into credit products and leveraging sovereign wealth funds to navigate tightening spreads and regulatory barriers. Furthermore, experts projected extended holding periods and a potential expansion of access to non-accredited investors while maintaining skepticism regarding emerging market returns due to currency and governance uncertainties.
- Milken Institute59 min
Chinas Future: The Sky Is Not Falling
Timothy Dattels, James Fong, Stephen Roach, Neil Shen, Jing Ulrich, Xiao Yuqiang
A comprehensive panel analysis examines China's structural shift from a manufacturing-driven "old economy" toward a 20% growth "new economy" fueled by digital giants, entertainment, and domestic consumption. While total social lending reaches 250% of GDP, the government is actively de-leveraging heavy industry and utilizing a $3.25 trillion currency reserve to manage financial stability alongside a transition to managed RMB convertibility. Long-term strategic outlooks highlight a critical demographic inverted pyramid and an unfunded pension system, prompting urgent investments in automation and AI to offset labor shortages and support a consumption-led future.
- Milken Institute1h 7m
Gender Gap: Checking the Box or Moving the Needle?
Richard Ditizio, Christopher Ailman, Alexandra Cavoulacos, Lauren Leader-Chivée, Rosie Rios, Janet Thomas, Candida Wolff
Panelists and officials highlighted the persistent economic and social costs of gender inequality, citing data that gender-balanced leadership correlates with lower risk, higher performance, and significant GDP growth. While private sector initiatives like CalSTRS and Citi have successfully implemented accountability measures and diverse hiring practices, government agencies continue to lag due to fragmented policies and a lack of internal mentoring structures. The consensus among speakers is that advancing women in leadership requires men to act as active sponsors and companies to enforce measurable diversity targets rather than relying on vague aspirations.
- Milken Institute1h 1m
Connectivity Is the New World Order: A Conversation with Parag Khanna
Senior fellow Parag Khanna argues that massive global infrastructure investment has replaced geography as the primary driver of destiny, creating a "Connectography" where traditional borders and territorial conquest are increasingly obsolete. His analysis highlights a shift toward competitive connectivity, where nations like China and the United States compete for control over trade enclaves, digital networks, and energy grids rather than physical land. Khenna contends that future geopolitical stability depends on adopting long-term infrastructure diplomacy and economic integration strategies to manage accelerating migration and the complex web of megaprojects reshaping the world.
- Milken Institute59 min
The M&A Outlook
Jason Kelly, John Danhakl, Steve Krouskos, Jennifer Nason, Robin Rankin, Paul Stefanick, John Donhocle, Robin Zasio, Steve Grove, David Freeman, Mr. Sokoloff, Donhawks, MARTHA MINOW
EY Capital Conference panelists collectively forecast a strong 2016 M&A year driven by $675 billion in private equity dry powder and a strategic shift toward alliances amid digital disruption. Key regional trends highlight China's dominance in cross-border deals while intensifying global antitrust scrutiny and activist campaigns reshape traditional corporate governance. Although financing caps and regulatory uncertainty temper specific sectors, the market is expected to see accelerated strategic activity in the second half of the year as companies pursue consolidation to combat technological obsolescence.
- Milken Institute1h 0m
Discovering Value in Turmoil
Gregory Zuckerman, Glenn August, John Calamos Sr., Matthew James, Matthew Natcharian, Anne Walsh
Market participants identify China's structural economic transition, European banking instability, and regulatory-driven liquidity erosion as primary drivers of future volatility and asset dislocation. In response to these systemic risks, investors are shifting toward defensive asset allocation strategies, including increased cash reserves, high-yield credit, and collateralized loan obligations, while avoiding equities in a projected low-growth, low-inflation environment. The consensus outlook foresees continued secular stagnation rather than an immediate recession, prompting a focus on generating alpha through sector-specific dislocations in energy and shipping rather than broad market beta.
- Milken Institute58 min
Filling the Mid-Market Financing Gap
Staci Warden, Michael Arougheti, André Bourbonnais, Bilal Rashid, Brian Reynolds, Steven Sugarman, Stacey Worden, Mike Arrigetti
Panelists from major firms including Aries Management, PSP Investments, and the Bank of California discussed the mid-market's critical role in U.S. job creation following a structural shift where regulatory changes like Basel III forced large banks to exit leveraged lending. This disintermediation has driven institutional investors to deploy over $1 trillion in private debt capital, with regional banks adopting shadow banking models to fill the void left by systemically important institutions. While the sector currently offers strong covenant protection and floating-rate benefits, experts warn that leverage thresholds exceeding 4.5x and stress in energy and mining sectors could precipitate a default cycle by 2018 despite an otherwise resilient outlook.
- Milken Institute1h 1m
The Transformation of Finance: Technology's Impact on Wall Street
Larry Tabb, Corrie Elston, Adena Friedman, Daniel Nadler, David M. Siegel, Jackson Mueller
Hosted by Larry Tabb, a panel of industry leaders including Corey Elston, Dan Nadler, David Siegel, and Adina Friedman examines how automation, artificial intelligence, and cloud computing are reducing Wall Street's headcount by an order of magnitude while shifting the workforce toward data scientists. The experts predict that while blockchain and machine intelligence will not eliminate traditional banks, they will force a structural evolution where institutions transition from proprietary trading to value-added services and operate with significantly higher operating leverage. Ultimately, the convergence of these technologies aims to eliminate capital inefficiencies and rent extraction, creating a financial ecosystem where the cost of market exposure approaches zero through democratized access to sophisticated algorithmic tools.
- Milken Institute1h 6m
The Age of Asset Management: Harbinger of Stability or Chaos?
Tracy Alloway, David Hunt, Jim McCaughan, Hilda Ochoa-Brillembourg, Ronald O'Hanley, Nouriel Roubini
Experts including Jim McCaughan, Hilda Ochoa-Brillemburg, and Nouriel Roubini analyze how post-crisis re-regulation has shifted global capital flows from bank-dominated systems to asset managers, creating a structural disconnect between macro liquidity and market execution. This transition has fostered a liquidity paradox where ETFs and algorithmic trading amplify volatility while the correlation between equities and bonds inverts, forcing active managers to seek alpha in illiquid sectors like emerging markets. Ultimately, the panel concludes that investors must adjust return expectations downward and that future systemic risks stem primarily from political balkanization, cyber threats, and the need for multilateral institutional reform to sustain global capital mobility.
- Milken Institute1h 1m
Monetizing Mobile: Transforming Behavior into Bottom-Line Results
Kara Swisher, Andrew Appel, Carolyn Everson, Jenny Lee, Spencer Rascoff, Sam Yagan
Mobile adoption has reshaped global commerce, with revenue now comprising 82% of major platforms while traditional incumbents struggle against daily disruptors in an economy where users focus on just four apps. China's advanced market distinguishes itself through diverse monetization waves like virtual tipping and mobile real estate, contrasting with the U.S. walled gardens by leveraging open ecosystems and context-aware, location-based services. Experts predict the future will rely on breaking data silos to connect social and physical retail, driven by the dominance of mobile video, the commercial maturation of augmented reality, and voice-activated assistants.
- Milken Institute1h 1m
Japan: Finding a Path to New Growth
Kotaro Tamura, William Haseltine, Daisuke Iwase, Hideaki Ohmura, Scott Sato, David Shaywitz, Katherine White, Ian Epstein, Hirotaka Yoshino
A comprehensive analysis of Japan's current economic landscape examines the Bank of Japan's negative interest rate policy in conjunction with labor shortages and demographic shifts driven by a super-aging society. Key stakeholders, including LifeNet Insurance's Daisuke Iwase and major staffing CEO Scott, discuss the regulatory tensions between monetary stimulus and capital requirements while highlighting structural reforms in women's workforce participation and guest worker immigration. The event further outlines Japan's strategic pivot toward technological leadership in elder care, regenerative medicine, and hydrogen energy as potential blueprints for addressing similar global challenges in Europe and the United States.
- Milken Institute1h 1m
Africa: Understanding Its Unique Value Proposition
Helima Croft, Samit Gehlot, Bassim Haidar, Yvonne Ike, Jay Ireland, Sena Torres, Amir El, Ruben Brigetti, Aubrey Ruby, Susanna Amos, Clever Gatete, Jeff Herbst
Panellists argue that Africa's economic narrative has shifted from a monolithic "rising" trend to a heterogeneous landscape where policy-driven leaders in Rwanda and Côte d'Ivoire have outperformed commodity-dependent giants like Nigeria and South Africa. The discussion highlights how international institutions and the US often fail to adapt to local realities due to rigid models and risk aversion, while China's capital-heavy approach and Africa's rapid mobile technology adoption offer alternative growth vectors. Ultimately, sustainable development depends on regional integration, infrastructure investment, and the diversification of economies away from extractive industries to absorb the continent's exploding youth demographic.
- Milken Institute1h 0m
The Art and Science of Polling
Mollyann Brodie, Jon Cohen, Michael Dimock, Alex Lundry, Margie Omero, Molly Ambroti
A panel of polling experts and campaign strategists analyzed how modern data science and media dynamics reshaped the 2016 election, noting that traditional models failed to predict Donald Trump's rise until online metrics and social media sentiment captured his "black swan" status. While Republican voters were driven by divisive rhetoric and fear, the discussion highlighted a methodological revolution where machine learning and aggregated diverse data sources replaced outdated telephone surveys to identify unarticulated voter preferences. The event concluded by emphasizing that despite industry challenges with response rates and public trust, polling remains an essential democratic check against punditry by validating the broader electorate's mandate.
- Milken Institute1h 15m
Real Estate: Where Are Prospects Rising and Falling?
Maria Bartiromo, Barry Blattman, Victor Coleman, David Simon, Michael Weil
Industry leaders characterize the current real estate cycle as stable and leveraged-conservative, driven by a strategic pivot from short-term trading to long-term ownership as Asian and Middle Eastern capital flows increasingly favor equity stakes in U.S. trophy assets. While new supply creates localized oversupply risks in urban cores like New York and San Francisco, the market demonstrates resilience through disciplined underwriting and a distinct shift where technology giants and international investors prioritize physical space as a critical talent acquisition tool rather than operational overhead. Looking ahead, participants warn that future value creation will rely on operational efficiency and asset management to navigate political uncertainties and a transition away from interest-rate arbitrage, even as emerging markets like Brazil offer deep value opportunities for diversification.