Earth the Shareholder, with Patagonia’s CEO 9/21/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 21 September 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patagonia’s founding family is redirecting their billions to fight climate change and preserve our Earth; the move has sparked conversation about ‘woke capitalism’ and a company’s impact on the world, versus its return to shareholders. Patagonia CEO Ryan Gellert discusses his predecessor’s choice to “make Earth its only shareholder,” and whether the drastic move will really make a difference. Axios co-founder Mike Allen discusses former President Trump’s strategy for announcing another run for office, President Biden taking a hard line against Russia, and his new book on succinct journalism, ‘Smart Brevity.’ Plus, Europe’s energy crisis is threatening small businesses, and a new study shows, anxiety strikes all ages. In this episode: Ryan Gellert, @Patagonia Mike Allen, @mikeallen Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squackpot.
0:08.0	The giveaway making headlines Patagonia's founder parting with his billions, the company's CEO on the strategy.
0:16.5	We take positions with the environment at the center consistently and vocally, and I think what I take away from that is people at least respect
0:26.1	that we're very consistent.
0:28.0	Vladimir Putin starting Russia's first military mobilization in decades as his invasion of Ukraine continues and
0:35.7	Europe is stung by record high energy prices. You're going to be talking about
0:39.6	pubs, businesses that have to shut down because they can't handle this.
0:43.5	Axios is Mike Allen on what's next.
0:46.2	I think you can expect to see President Biden go after Putin on attacking the rules-based order.
0:53.0	Plus, e-cigarette maker Jule sues the FDA,
0:57.0	and anxiety is everywhere.
1:00.0	But is there an age limit?
1:01.0	What am I chopped liver?
1:03.0	You know, I may get anxious today, just to show them.
1:05.0	It's Wednesday, September 21st, 2022.
1:08.0	Squawk Pod begins right now.
1:11.0	Stand back you by in three, two, one, fuel brief.
1:15.0	Good morning.
1:16.0	Welcome to Squackbox here on CMBC.
1:18.2	We're live from the Nasdak Market Site in Times Square.
1:20.9	I'm Becky Quick along with Joe Kernan and Andrew Ros
	...

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