4.4 • 350 Ratings
🗓️ 20 July 2022
⏱️ 20 minutes
🧾️ Download transcript
Greedflation. Price gouging. Pandemic profiteering. What happens when turning a profit is considered a bad thing? In this week’s episode, the FT’s US business editor Andrew Edgecliffe-Johnson explains how a new message around corporate profits is resonating with the American public and causing headaches for executives.
Clip courtesy of Bloomberg
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For further reading:
US companies face rising battle to fend off vilification over ‘excess’ profits
Joe Biden blasts Chevron chief as ‘sensitive’ after fuel-price criticism
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On Twitter, follow Andrew Edgecliffe-Johnson (@Edgecliffe) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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0:29.2 | Imagine a world where corporate profits are seen as a bad thing, where a company can be |
0:37.7 | accused of being too successful. |
0:41.6 | It sounds sort of crazy, doesn't it? |
0:44.0 | Well, maybe not so much anymore, because as it turns out, there's an idea. |
0:51.0 | The profit is somehow selfish and it's somehow excluding people in the wider economy from the |
0:58.3 | gains that are being enjoyed by a very few at the top of the corporate ladder. That's Andrew Edgcliffe Johnson. |
1:05.2 | He's the F.T.'s U.S. business editor. |
1:07.6 | We're now seeing the conversation shift away from that sense that profit is always good. It represents growth and that will |
1:15.4 | filter through the wider economy and benefit in other investors in those |
... |
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