Latest Interviews
Showing 571–585 of 2,089 transcripts.
Clear all filters- Milken Institute1h 17m
Part 1: A Conversation with New Jersey Governor Phil Murphy
Phil Murphy, Edward Greissing, Lynn Goldman, Judith Monroe, David Rhew, Alyssa Rieder
New Jersey Governor Phil Murphy detailed the state's data-driven pandemic response, highlighting the establishment of a massive PPE stockpile, the training of surge healthcare workers, and the creation of a $100 million relief fund for small businesses. Alongside First Lady Tammy Murphy, the administration launched the "Nurture NJ" initiative to address systemic disparities in Black maternal infant mortality while advocating for a strengthened national public health infrastructure and increased federal investment in the CDC and NIH. The broader panel emphasized that future preparedness requires modernizing data infrastructure, closing the digital divide, and implementing a holistic strategy that integrates health equity into all policy decisions to prevent a return to pre-pandemic inequities.
- Milken Institute1h 0m
Are You Willing to Give Up Your Privilege?
Richard Ditizio, Sarah Kate Ellis, Daniel Markovits, Darren Walker, Felicia Wong
A panel of economists, philanthropists, and advocates argues that systemic inequality stems from unaddressed privilege and a rigged meritocracy, highlighting vast wealth gaps and institutional subsidies that favor elite sectors over public institutions. Speakers propose structural interventions including treating broadband as a public utility, mandating diverse corporate governance, and reforming tax exemptions to redistribute resources toward marginalized communities. The group concludes that overcoming this modern caste system requires maintaining political discomfort to forge coalitions capable of unlocking trillions in economic potential while dismantling the barriers that entrench hierarchy.
- Milken Institute1h 2m
Bridge and Blend: The Role of DFIs in Scaling Sustainable Financing
Alison Harwood, Amit Bouri, Joan Larrea, Nancy Lee, Monish Mahurkar
With the annual financing gap for Sustainable Development Goals in emerging markets estimated at $2.5 trillion, development finance institutions face critical challenges in mobilizing the necessary private capital due to institutional constraints and a historical overconcentration in middle-income regions. To address this disparity, organizations like the International Finance Corporation are shifting strategies by targeting low-income countries with specialized "stretch funds" that absorb early-stage risks and harmonizing global impact metrics to streamline complex deals. Experts emphasize that achieving the 2030 deadlines requires immediate structural reform to transform concessional finance into scalable market infrastructure rather than relying solely on bespoke transactions.
- Milken Institute1h 0m
Beyond Financials: The Importance of ESG
Billy Nauman, Daniel Barclay, Pierre Breber, Lori Heinel, Lydie Hudson
Executives from Chevron, BMO Capital Markets, State Street, and Credit Suisse convened at the Milken Institute Global Conference to advocate for an "and" world where financial returns and ESG standards are mutually required. Participants argued that divestment is less effective than strategic engagement and incentive-based financing, with leaders like Pierre Breber defending high-return fossil fuel operations and Laurie Heinel emphasizing the materiality of ESG risks to long-term shareholder value. The panel concluded that despite global regulatory fragmentation and rating inconsistencies, the convergence of values and value is inevitable, positioning sustainable performance as a primary driver of capital allocation and cost of capital in a post-pandemic economy.
- Milken Institute58 min
Common Sense in Uncommon Times
Michael Milken, Afsaneh Beschloss, George G. Hicks, Jonathan Sokoloff, Neal Wilson
The Milken Institute Global Conference convened investors, policymakers, and corporate leaders to address the pandemic's economic disruption under the theme of "Common Sense for Uncommon Investors," emphasizing the integration of public health and social equity into financial strategy. Key figures including representatives from Leonard Green, Rock Creek, and Vardy Capital detailed adaptive measures such as liquidity tracking, shifts toward private distressed assets, and support for minority depository institutions to navigate volatile markets. The discussion concluded with projections of a K-shaped recovery, anticipated defaults in high-yield bonds, and a permanent acceleration in digital adoption and hybrid work models.
- Milken Institute1h 0m
Real Estate: In the Eye of the Storm
Carol Massar, Jonathan Goldstein, Richard Mack, David Warren, Xin Zhang
Industry leaders Jonathan Goldstein and David Warren, alongside regional experts, characterize the current real estate landscape as volatile with a projected recovery timeline extending to late 2022 or 2023. The panel identifies a sharp divergence across asset classes, noting residential and logistics sectors driven by supply shortages and e-commerce growth, while hospitality and retail face significant distress. To navigate this environment, participants highlight strategic opportunities in distressed commercial MBS, adaptive reuse of malls, and secondary city investments, while forecasting a permanent shift toward hybrid work models and emphasizing the urgent need for diversity reforms within the sector.
- Milken Institute1h 1m
Retirement Security: The COVID-19 Wake-Up Call
Rick Newman, Roger W. Ferguson, Jr., Penny Pennington
A comprehensive analysis reveals that pre-pandemic retirement insecurity was exacerbated by a $4 to $7 trillion savings shortfall and the COVID-19 crisis, which forced 11 million fewer Americans into employment and drained the nest eggs of 20% of workers. The crisis has exposed profound racial and gender disparities in wealth accumulation, prompting calls for legislative solutions such as the SECURE Act and Multiple Employer Plans to reduce administrative burdens for small businesses while addressing the projected 2033 depletion of the Social Security Trust Fund. Expert recommendations emphasize a shift toward guaranteed income streams through annuities and the adoption of automatic enrollment mechanisms to counteract longevity risks and behavioral market mistakes that threaten future financial stability.
- Milken Institute1h 3m
Credit Opportunities: Managing Shifting Tides
Kevin Duignan, Michael Buchanan, Mathieu Chabran, Anne Walsh, Don Young
This expert panel analyzes the rapid credit market recovery driven by aggressive Federal Reserve intervention and the CARES Act, which enabled high-quality issuers to access capital despite a sharp initial bear market. Speakers highlight a growing divergence where private credit and structured products like CLOs offer tailored solutions for mid-market borrowers while sectors like transportation face severe liquidity stress and a rising risk of "zombie" company defaults. Looking forward, the discussion predicts continued market support through the election cycle and vaccine rollout, though participants warn that prolonged monetary expansion may eventually lead to inflationary pressures and a necessary correction of over-leveraged entities.
- Milken Institute59 min
Leadership and Corporate Culture
David Faber, Ajay Banga, Kevin Johnson, Judith McKenna
Executives Kevin Johnson, Judith McKenna, and Ajay Banga collectively rejected the profit-only paradigm in favor of stakeholder capitalism, establishing new governance models that tie executive compensation to diversity goals and environmental outcomes. The trio outlined concrete strategies where Starbucks links succession planning to inclusion metrics, Walmart shifts to a regenerative business model, and Mastercard accelerates financial inclusion targets to reach one billion people by 2025. By prioritizing a "Decency Quotient" and implementing agile, localized decision-making during the pandemic, these leaders demonstrated that ethical operational shifts drive long-term trust while filling critical gaps left by government inaction.
- Milken Institute1h 1m
Transforming Finance: Tech Is Everywhere
Matthew Brown, Mohit Joshi, Melissa Koide, Eli Rosner, Munish Varma, Matt Brown
A recent industry summit detailed how the pandemic accelerated digital transformation in financial services, forcing banks to rapidly adapt to unprecedented volume spikes while leveraging cloud infrastructure and remote work to maintain operational resilience. Panelists from firms like Finastra and Infosys highlighted critical shifts toward financial inclusion through automated solutions for the underbanked, alongside emerging "Bank-as-a-Service" models that convert legacy costs into revenue streams. Despite these technological strides, the event emphasized urgent risks regarding algorithmic bias and data privacy, urging diverse leadership teams to integrate ethical considerations into AI development to ensure equitable access to credit and services.
- Milken Institute1h 11m
A Conversation with Central Bank of Brazil Governor Roberto Campos Neto
Roberto Campos Neto, Komal Sri-Kumar, Oscar Fahlgren, Raymond Sagayam, Bart Turtelboom, Lilian Zhou
Brazilian Governor Roberto Campos Neto outlined a strategy prioritizing private sector-led recovery and fiscal discipline over further stimulus, citing a robust credit boom and a liquid banking system as foundations for growth despite currency volatility. This stance was reinforced in a broader panel discussion where experts highlighted Brazil's relative stability against global peers, contrasting its emerging market resilience with China's consumption-driven recovery and structural shifts in hard currency debt. Collectively, the session emphasized that sustainable investment in these regions now relies on navigating fiscal fragility, leveraging imperfect information, and aligning capital allocation with long-term ESG and infrastructure priorities.
- Milken Institute53 min
Predicting Pandemics: Mobilizing an Active Global Surveillance System
Dan Diamond, Francis deSouza, Margaret Hamburg, John Nkengasong
Despite unprecedented advances in viral sequencing speed during the COVID-19 pandemic, experts identified critical systemic gaps in global pathogen surveillance that relied on serendipitous discovery rather than proactive networks. Highlighting stark disparities between nations like South Korea and underserved regions in Africa, leaders such as Francis D'Souza and Dr. Hamburg outlined a $100 million Genomics Initiative and advocated for a sustainable public-private partnership to fund a "One Health" approach. This collaborative strategy aims to integrate human, animal, and environmental monitoring through modern genomic technologies, ensuring real-time detection of emerging threats while addressing the political and structural barriers that hindered previous pandemic responses.
- Milken Institute1h 2m
Credit Is a Cycle: Finding Opportunity in Turmoil
Lisa Abramowicz, Glenn August, Amy McGarrity, Don Mullen, Justin Slatky
A panel of credit experts including Don Mullen, Justin Slack, Glenn August, and Amy McGarrity debated the trajectory of a nascent distress cycle, with consensus that extraordinary stimulus has delayed but not prevented elevated default rates in sectors like commercial real estate and airlines. While market structure differs from 2008 due to CLO characteristics preventing forced selling, underwriters degraded standards on floating-rate products, creating significant risks in BBB-rated debt and low-quality assets. Participants outlined divergent strategies ranging from mid-cap nimbleness to large-scale capital control, projecting substantial returns in private credit and residential distress while warning that liquid fixed income yields are insufficient for long-term liability goals without opportunistic risk.
- Milken Institute58 min
Social Isolation: Confronting the Silent Pandemic
Scott Kaiser, Linda Goler Blount, Jeff Huber, Dora Hughes, Kim McCoy Wade
The Social Isolation Impact Summit presented data linking social isolation to severe health risks comparable to smoking, including a 30% increased risk of heart disease and 45% higher mortality among seniors. Following these findings, California is launching a 10-year master plan and multi-sector coalitions to address isolation through housing reforms, digital equity initiatives, and expanded caregiver support programs. The event concluded with calls to prioritize social isolation as a critical social determinant of health and to redirect philanthropic resources toward infrastructure that fosters connection for the aging "oldest old" population.
- Milken Institute1h 2m
Investing in the New Normal
James Mackintosh, Rishi Kapoor, Faisal Rehman, Michael Strobaek, Maria Vassalou
Leading institutional investors and analysts convened to debate a structural economic shift where central banks maintain suppressed yields, forcing a strategic migration from government bonds into illiquid private markets and technology infrastructure. The panel highlighted a diverging landscape where digitalization drives deflationary pressure and winner-take-all dynamics, prompting SoftBank to target tech giants while Invesco adopts a "picks and shovels" approach to support broader digital transformation. Despite these opportunities, the discussion underscored significant risks including rising inequality, potential regulatory crackdowns, and market volatility as the traditional 60/40 asset allocation model becomes increasingly obsolete in a "low for longer" interest rate environment.