Bloomberg Markets: Diversity
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 August 2020
⏱️ 8 minutes
🧾️ Download transcript
Summary
Bloomberg Markets magazine is out with a special issue focused on diversity, where black men and women share their experience on Wall Street. There's no universal experience, but their stories reflect what it's like, and what it means, to be just one of a handful of black faces in finance. Bloomberg Radio and Television Correspondent Sonali Basak contributed to the issue and brings us more in this special report.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | With Bloomberg you get the story behind the story, the story behind the global birth rate, |
| 0:04.7 | behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context. |
| 0:10.8 | And context changes everything. |
| 0:12.6 | Go to Bloomberg.com to get context. |
| 0:15.0 | It is August and Bloomberg Markets magazine they are out with a special |
| 0:20.0 | issue. It is focused on diversity where black men and women they share their |
| 0:24.4 | experience on Wall Street there's no universal experience but their stories |
| 0:29.3 | reflect what it's like and what it means to be just one of a handful of black people in |
| 0:35.7 | finance. Bloomberg Radio and Television Correspondence Chinali Bassick contributed |
| 0:41.4 | to the Bloomberg markets issue and brings us more in this special report. |
| 0:47.0 | It's hard to define the Black experience on Wall Street, |
| 0:51.0 | partially because there are so few people of color in the C-suite |
| 0:55.0 | and on trading floors across the industry. |
| 0:58.0 | At the beginning of this year, |
| 1:00.0 | there were more than 80 top executives |
| 1:02.0 | at the six biggest U.S. banks, and only one was black. |
| 1:07.0 | We interviewed people across the industry. |
| 1:10.0 | Carla Harris, who has since become one of the most senior women at Morgan Stanley, was one of the few people of color at the firm in the 80s. |
| 1:18.0 | Excellence looked like six white men at the top, right? That wasn't strange at all. That's what you saw at IBM, that's what you saw at GM, that's what you saw at Morgan Stanley, |
| 1:28.8 | Gomez-Sacs, you pick it, right? So you knew that if you wanted to play on this playing field that was what you were you were going to have to be comfortable in some cases being the only and and being the first so that was not intimidating to me at all. That's just the way it was. |
| 1:43.8 | You know, I would say I had three strikes against me. |
| 1:46.3 | Here's what I said to myself as a first year and second year associate. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

