meta_pixel
Tapesearch Logo
Log in
Slate Money

Big Business and Bailouts

Slate Money

Slate Podcasts

Business, Investing

4.11.1K Ratings

🗓️ 28 March 2020

⏱️ 40 minutes

🧾️ Download transcript

Summary

This week, Felix, Emily, and Anna talk to Rich Lesser of Boston Consulting Group about how big businesses are coping right now and the relief bill that was just passed. Then they discuss what the Fed is doing, and what’s going on at Amazon. 

U.S. airlines don’t need a bailout to stay in business” by Richard Squire 

In the Slate Plus segment: Ecuador.

Slate Plus members get a bonus segment on Slate Money each week, and no ads. Sign up now to listen and support our show.

Email: slatemoney@slate.com

Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck


Podcast production by Jessamine Molli. 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the big business and bailouts edition of Slate Money, your guide to the

0:18.8

business and finance news of the week. And yep, it's been

0:22.6

another one of those weeks and it's only been a few days since Wednesday when we last talked to you.

0:27.0

But there's a lot to catch up on. I'm Felix Salmon of Axios. I'm here with Anna Schumansky of

0:32.4

breaking views. Hello. I'm here with Emily Pack of Huffpost. Hello.

0:38.5

And we even have a special guest. We have the CEO of BCG, so many letters in there.

0:45.5

Rich Lesser is going to talk to us because he is a management consultant who talks to big business the whole time.

0:51.3

So we're going to ask him about what on earth big business is thinking

0:55.1

about and going through right now. We're going to talk about the Fed and exactly what it's doing

1:00.3

in terms of trying to get the economy moving. We're going to talk about Amazon and what they need to

1:05.7

do to keep their workers safe because that will be a good example for the rest of us when every other business gets

1:12.1

up and running again. And we'll even have a Slate Plus segment on Ecuador because we haven't

1:17.6

had one of those in a while. It's a mildly gloomy show. I mean, it's a mildly gloomy time,

1:22.0

but I think you all like it. It's all coming up on Slate Money. So, Rich, yes, introduce yourself and tell us what

1:33.2

you've been up to for the past couple of weeks. So I'm Rich Lesser. I'm CEO of BCG, Boston Consulting Group.

1:39.5

BCG operates in 50 countries around the world is one of the leading management consulting firms

1:44.9

working across all industries, public sector, huge range of topics. And the news of the week is that

1:52.7

your clients, the big businesses in America, $454 billion of the stimulus bill is allocated basically to them. And then that's being leveraged up to

2:05.1

something on the order of $4 trillion by the Fed. And we're going to talk a little bit about how

2:10.3

that leverage works. But can you give us an indication of just how much money is $4 trillion and where is it going to go and what's it going to do?

2:21.3

I must tell you, if you stack them on top of each other, how many, how far a planet it can reach.

2:27.1

I mean, I did a little bit of back of the envelope where I was like, if you take the median wage in America, it would, four trillion dollars would pay

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Slate Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Slate Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.