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Boardroom Talks

Episode 33: Ray McGuire on His Trailblazing Path as a Top Wall Street Banker, Advising on Some of the Biggest Merger Deals in History, and Why He’s Running for Mayor of New York City

Boardroom Talks

Boardroom Podcast Network

Business, Entrepreneurship, Sports

4.4620 Ratings

🗓️ 17 March 2021

⏱️ 62 minutes

🧾️ Download transcript

Summary

Ray McGuire, former Vice Chairman of Citigroup, is a trailblazing African-American Investment Banker who’s currently running as a democratic candidate for mayor of New York City. As an advisor to global corporations and boards, McGuire has worked on an estimated $600 billion in total deals, including Time Warner’s $108 billion merger with ATT in 2018. Though McGuire grew up in a single-parent household in Dayton, Ohio, his smarts, work ethic, and vision for his future landed him at Harvard, where he earned multiple degrees. But last year, McGuire, a committed philanthropist, stepped down from his position at Citigroup to enter the brutal arena of New York City politics. His campaign has emphasized his unique qualifications to lead the city at this critical time: “New York is in a financial crisis that has exploded into a whole bunch of crises — educational, health and criminal justice. If there is a moment in history where my skill set can help lead, this is it.” In this episode, McGuire shares with Rich and Gianni his 4 P-s for success: “prayer, preparation, performance and paranoia”; how he navigated his path as a trailblazing African American banker in ‘80s and ‘90s Wall Street; his pride in his happily-blended family, including stepson, Cole Anthony, the Orlando Magic rookie point guard; and his vision for leading New York City into a brighter future.

Transcript

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0:00.0

What's up everybody and welcome to another boardroom out of office podcast.

0:08.9

This is number 33, which is only fitting because my man Patrick Ewing is in the NCAA tournament winning the Big East.

0:18.0

Yo, yo, yo, New York Knicks, man.

0:19.6

Get my man Patrick Hewing right.

0:21.7

You should be led into any basketball arena in the country, all right?

0:25.3

I'm not having it.

0:26.5

Straight up.

0:27.4

Every basketball arena in the country.

0:28.9

You're right, gee.

0:29.3

I appreciate that.

0:30.5

This shout out right there because Pat did get into some shit the other night.

0:34.9

But he went on and won the Big East tournament, incredible moment.

0:38.7

Obviously, the late John Thompson.

0:42.3

His coach at Georgetown recently passed away,

0:45.0

and this was a special moment for fans of Coach Thompson,

0:48.6

Patrick, Georgetown, around the country.

0:50.9

And today we got another special person on,

0:53.3

somebody I've gotten to know recently um somebody i think

0:56.7

you know a little bit as well uh running for mayor it's gonna be it's a special time i appreciate

1:02.3

him making time to talk to us he he's had an incredible career man he's really he's kind of

1:08.1

checked every box along the way from an education standpoint he sits on the

1:11.8

boards of some of the most incredible institutions and he went on to run corporate and investment

...

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