How conscious investors can turn up the heat and make companies change | Vinay Shandal

TED Talks Daily

TED

Creativity, Ted Podcast, Ted Talks Daily, Business, Design, Inspiration, Society & Culture, Science, Technology, Education, Tech Demo, Ted Talks, Ted, Entertainment, Tedtalks

4.1 • 11.9K Ratings

🗓️ 22 October 2018

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In a talk that's equal parts funny and urgent, consultant Vinay Shandal shares stories of the world's top activist investors, showing how individuals and institutions can take a page from their playbook and put pressure on companies to drive positive change. "It's your right to have your money managed in line with your values," Shandal says. "Use your voice, and trust that it matters."

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

Transcript

Click on a timestamp to play from that location

0:00.0	This TED Talk features investment agitator Vinay Shandall, recorded live at TED at BCG 2018.
0:10.0	We love to engage on the issues of the day. We love it. We comment on the news. We post our views on social media. we march, we protest.
0:28.7	But who among us is working on solutions, big solutions to big issues, like gun violence,
0:37.6	mistreatment of workers, flood, famine, drought? Who is on it? Boom. These guys.
0:41.0	What?
0:41.7	You were hoping for Peter Parker?
0:43.8	The Avengers?
0:45.5	You don't expect this beacon of diversity.
0:48.4	These good-looking, nicely dressed dudes
0:51.3	just oozing charisma to solve the issues?
0:54.7	Well, good, because they're actually not going to solve the issues.
0:57.8	But before you dismiss them, let me say,
1:01.7	they're not going to solve the issues, but they will show us how.
1:06.3	So who are they?
1:07.9	They're activist investors.
1:10.2	Carl Icon, Dan Loeb, Paul Singer, Barry Rosenstein.
1:16.1	These are the modern-day OGs of Wall Street. These are scary dudes. I don't mean green
1:22.8	goblin scary. I mean real scary. The fear they strike in the hearts of a company's CEO and board
1:30.3	when they enter its stock
1:32.3	is the same fear you feel when you hear a bear outside your tent
1:37.3	and it's dark, and you're sitting there with a mouth full of Doritos,
1:41.3	that just moments ago you had snuck out of the tent to pull down from the bear hang
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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