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Marketplace All-in-One

Kamala Harris and the glass cliff

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 23 July 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

It’s official, folks. Over the weekend, President Joe Biden dropped out of the presidential race and Vice President Kamala Harris stepped in. Some are pointing out similarities between VP Harris’ eleventh-hour candidacy and the “glass cliff effect,” when a woman is put in a position of leadership to fix a company in crisis. We’ll get into it and fill you in on how the Harris campaign is leaning into memes to attract the Gen Z vote. Plus, gaps in China’s newly released economic plans leave questions about the country’s ability to turn things around.

Here’s everything we talked about today:

Got a question or comment for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0

Let's do it. Let's do it. He says feebly. He says very feebly.

0:07.0

Hey everybody I'm Kyle Rizdahl. Welcome back to Make Me Smart, where we make today make sense.

0:14.0

And I'm Kimberly Adams. Thank you for joining us everybody. It is Monday, July 22nd, and

0:19.5

welcome back, Kai. The 22nd of July, I've been going to go for two weeks, people. It's two weeks we're never going to get back.

0:25.0

I don't even know what you say.

0:29.0

But it's not like you missed anything while you were away.

0:32.0

Yeah, right? It's been so slow. It's been very quiet. Very quiet.

0:35.4

All right, we'll do some news, we'll do some smiles, and we'll start with the news.

0:39.2

Kimberly Adams, you go first. So I can't help but recall back to an article I read last week from Jordan

0:48.2

Holman who often joins you on the weekly rap and the headline is this when that job promotion is really a

0:56.4

glass cliff the term which traces to 2005 describes a phenomenon where companies

1:01.8

appoint women to leadership roles in moments of crisis,

1:05.1

which can set them up for failure.

1:07.3

Yeah.

1:08.3

I am.

1:09.3

Not saying that that is what's about to happen but it always strikes me that it takes a crisis

1:17.0

before people often turn to women and women of color and leadership. But obviously the big news is

1:24.7

Harris likely to be the Democratic nominee as it looks like right now. And I'm still processing the fact that this is how it had to happen for a woman of color to be in that position.

1:40.0

But you know, I guess you take what you get can get. Anyway, read Jordan's

1:47.2

article it's really interesting. It's mainly about the corporate world. They use

1:50.8

the example of Boeing Tapping Stephanie Pope in the midst of all of their

1:55.2

crisis. We talked about this at the time about the glass cliff, but Jordan really gets into it

...

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