Latest Interviews
Showing 1–15 of 22 transcripts.
Clear all filters- Goldman Sachs30 min
2025 outlook: Will tailwinds trump tariffs?
Jan Hatzius, Dominic Wilson, Yann, Dom, Tom, David, Alec, Dami, Yuan
Forecasts project U.S. real GDP growth at 2.5% for 2025, driven by real wage gains and moderate financial conditions, while maintaining a 15% recession probability. The outlook hinges on tariff scenarios, where base case assumptions assume limited trade barriers, though a full across-the-board tariff risk could reduce growth by one percentage point and raise inflation toward 3%. Consequently, investors are advised to hedge equity concentration risks with non-U.S. bonds and options while anticipating Federal Reserve rate cuts that target a federal funds range of 3.25% to 3.5% by late 2025.
- Goldman Sachs29 min
Robert Rubin: The biggest risks to the US economy are political, not financial
Robert Rubin, David, Bob Rubin
Former Treasury Secretary Bob Rubin outlines a philosophy where all decision-making must rely on probabilistic assessments rather than certainties, a principle that guides his assessment of current systemic stability and global risks. He identifies political dysfunction in the United States as the primary threat to the economy, while arguing that governments, not corporations, must lead the transition on climate change and international cooperation with China. Drawing from his decades at Goldman Sachs, Rubin emphasizes that sustainable success requires intense focus balanced with institutional support for employees to navigate an uncertain future where guarantees are nonexistent.
- Goldman Sachs42 min
Zak Brown, CEO of McLaren Racing and Lando Norris, McLaren Formula 1 Driver
Zak Brown, Lando Norris, David
Goldman Sachs and McLaren Racing have announced a strategic partnership to accelerate the team's transition to net zero by 2040, targeting 40% diversity, equity, and inclusion representation in the workplace by 2030. Building on this sustainability framework, McLaren is navigating significant 2022 regulatory changes and infrastructure upgrades to support its competitive glide path toward race victories, led by drivers like Lando Norris who are adapting to new ground-effect car dynamics. Simultaneously, the organization is expanding its motorsport portfolio into Formula E and Extreme E while leveraging global popularity gains from the Netflix series *Drive to Survive* to drive cultural impact and technical innovation in both racing and road vehicles.
- Goldman Sachs19 min
James Citrin, Leader, Spencer Stuart North American CEO Practice
James Citrin, David, Jim Citrin
Spencer Stewart's analysis identifies the "20-80 Principle" as a key differentiator where top 1% performers redefine roles by initiating unrequested value-add projects, a strategy that extends from interns to CEOs. The discussion also addresses the "Permission Paradox" by showcasing how candidates like Jim Citrin manufactured specific experiences to secure roles, alongside the RAMP model for hybrid leadership that balances relationships with rigorous processes. Finally, organizational leaders such as those at Goldman Sachs and Google emphasize clear return-to-office mandates and protected discretionary time to drive innovation and prevent workforce ambiguity.
- Goldman Sachs17 min
Frank Del Rio, President and CEO of Norwegian Cruise Lines
Norwegian Cruise Line secured $2.4 billion in emergency financing and established the Healthy Sail Panel with former FDA Commissioner Scott Gottlieb to navigate the 2020 CDC shutdowns and launch vaccination-based safety protocols. As the company plans to reinstate 25% of its fleet by late 2021 with record bookings for 2022 and 2023, it is adjusting its capital strategy to maintain higher cash reserves while leveraging inflationary pricing power. CEO Frank Del Rio projects a potential record year driven by pent-up demand from 50 million displaced cruisers, supported by a strategy focused on fleet expansion and demographic-driven operational governance.
- Goldman Sachs16 min
Mary Dillon, CEO of Ulta Beauty
Under the leadership of Mary Dillon, Ulta Beauty transformed its market strategy to prioritize multi-ethnic demographics and a hybrid retail model, resulting in a tripling of market capitalization and over 1,200 store locations by 2024. The company has advanced its sustainability goals through the "Conscious Beauty" platform and launched a strategic partnership with Target to establish 100 exclusive shops while maintaining an aggressive expansion in suburban real estate. As Dillon transitions to Executive Chair, she hands the CEO role to Dave Kimball, who will continue to drive innovation and authentic representation to capitalize on the brand's evolving loyalty ecosystem.
- Goldman Sachs14 min
Sasan Goodarzi, CEO of Intuit
Intuit CEO Sasan Ghadarzi announced a strategic pivot from a tax-centric provider to an AI-driven expert platform, highlighted by the Credit Karma acquisition and the integration of machine learning to automate financial workflows. This repositioning includes refreshing corporate values around customer obsession and courage while establishing an open ecosystem that hosts competitor applications like HubSpot to support small businesses. Concurrently, leadership emphasizes a constructive dissatisfaction with current performance through direct customer engagement and advocates for fiscal stimulus to stabilize the global economy dependent on the 50% of businesses that constitute small enterprises.
- Goldman Sachs16 min
Arvind Krishna, CEO of IBM
IBM CEO Arvind Krishna, who has led the company since 2020, is driving a strategic pivot toward hybrid cloud and artificial intelligence through the recent spin-off of IBM's technology services business. Krishna advocates for quantum-resistant encryption and proposed leveraging supercomputing and AI to accelerate pandemic recovery efforts, including vaccine development and remote education. Looking forward, he predicts the pandemic will compress five to ten years of digital transformation into just two years while emphasizing that human creativity will remain essential alongside these technological advances.
- Goldman Sachs22 min
Michael Dell, Chairman and CEO of Dell Technologies
Michael Dell outlines how the 2020 crisis accelerated digital transformation and prompted the launch of the "Progress Made Real 2030" ESG strategy, which prioritizes social impact alongside financial performance. The company addressed these shifts through a revised remote work culture that boosted employee engagement, a $100 million philanthropic commitment to digital equity, and a strategic exploration to spin off VMware to create a leading multi-cloud infrastructure entity. Looking ahead, Dell warns that the convergence of 5G, AI, and IoT will generate a data tsunami, necessitating intrinsic security measures and proactive interventions to prevent technology from exacerbating social inequalities.
- Goldman Sachs17 min
From “The Way Forward" Conference: Kevin Johnson, President and CEO, Starbucks Coffee Company
Starbucks Executive Kevin Johnson described a global crisis response strategy that adapted a China-derived playbook to guide operations across 32,000 stores in 80 countries while prioritizing employee safety and government health guidelines. The company leveraged AI-driven digital dashboards to manage market-specific closures and implemented rigorous health protocols, transitioning from containment to a "monitor and adapt" phase that emphasized mobile ordering and curbside pickup. Concurrently, leadership fostered ongoing racial justice dialogues through virtual family meetings and "pour-over sessions," aiming to balance these social initiatives with a long-term vision that merges the traditional in-store "third place" with convenient digital services.
- Goldman Sachs25 min
Michelle Gass, Gene Lee, and Jide Zeitlin
Michelle Gass, Gene Lee, Jide Zeitlin, G.J. Zeitlin, David
Executives G. Day Zeitlin, Michelle Gass, and Gene Lee led corporate responses to the George Floyd protests by prioritizing employee vulnerability and acknowledging systemic diversity gaps across Tapestry, Kohl's, and Darden. These leaders adapted their operational strategies to address the pandemic by accelerating digital adoption, rejecting third-party delivery aggregators, and implementing safety protocols that rely on community ecosystem thresholds. Their combined efforts emphasize shifting diversity initiatives from mere statistics to cultural change while ensuring frontline managers can foster inclusive environments in rapidly evolving retail and restaurant landscapes.
- Goldman Sachs27 min
Bernard Looney, Chief Executive Officer of BP
BP CEO Bernard Looney led the company through a historic demand collapse and supply disruption by prioritizing workforce safety, community support, and financial liquidity while navigating the "Black April" crisis. Concurrently, Looney accelerated BP's strategic shift toward clean energy with a net-zero commitment by 2050, driven by shifting societal values and investor sentiment regarding ecological fragility. The leadership approach also emphasized a cultural transformation focused on employee mental health, authentic communication, and ethical decision-making to rebuild societal trust.
- Goldman Sachs18 min
Innovation - Goldman Sachs 2020 Investor Day
Marco Argenti, Stephanie Cohen, David
Marco Argenti, former co-CIO of Goldman Sachs, leads a technology transformation designed to evolve the firm into a "vertical cloud" provider by prioritizing modular APIs and externalizing services like Marquee and Apple Card. Chief Strategy Officer Stephanie Cohen reinforces this strategy by shifting engineering focus toward differentiated capabilities, resulting in a dynamic framework that combines buying, building, partnering, and investing to capture a $60 billion retail deposit base and expand quantitative trading volumes through external broker-dealers. This approach leverages Goldman Sachs' heritage in equity markets and deep pre-IPO relationships to create a self-reinforcing platform that enables developers to embed financial services directly into client workflows while generating durable, fee-based revenue.
- Goldman Sachs30 min
Investment Banking - Goldman Sachs 2020 Investor Day
Greg Lemkaw, Dan Dees, John, David, Jim Esposito, Ashok Varadhan
Co-led by Greg Lemkau and Dan Dees, the investment bank reinforces its position as the global market leader in M&A and underwriting through a strategy targeting mid-cap growth, financial sponsors, and transaction banking. The firm leverages a vast network of over 10,000 clients and a culture of mentorship to drive record revenues, recently exemplified by landmark deals like the Spotify direct listing and the Fiat Chrysler-Peugeot merger. Looking toward 2025, leadership plans to expand coverage of $500M–$2B companies and launch a high-tech transaction banking platform to diversify revenue streams and achieve 1% global market share within five years.
- Goldman Sachs13 min
Dr. Arie Belldegrun, Co-Founder and Executive Chairman, Allogene Therapeutics
Dr. Arie Belldegrun, Dr. Ari Beldegren, Owen Weedy, Steve Rosenberg, David
Dr. Ari Beldergren and Owen Weedy founded Kite Pharma to commercialize NIH-licensed engineered T-cell therapies that overcame industry skepticism regarding the complexity of living drugs. The venture successfully demonstrated the ability to induce complete remission in terminal cancer patients, attracting David from Amgen and catalyzing a sector now comprising roughly 300 companies. Beldergren defines the organization's legacy by its tangible impact on patient survival across lymphoma, bladder cancer, and prostate cancer, positioning clinical improvement as the primary metric for the field's value.