Leadership Amid Chaos: Carlyle’s David Rubenstein & Ariel’s Mellody Hobson

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 8 January 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the wake of the riots at the Capitol, America’s C-suites are speaking out, some calling for President Trump’s removal from office, others urging a reevaluation and restoration of the United States’ democracy. Founder and co-executive chairman of The Carlyle Group David Rubenstein calls on his fellow business leaders to help restore America’s reputation as a beacon of democracy, and to restore American democracy itself. Co-CEO of Ariel Investments, Mellody Hobson, reflects on her role as a corporate leader in pushing the nation forward, and considers the juxtaposition of new market highs and political unrest.

Transcript

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0:00.0	This is Kewak Pod. I'm C. NBC producer Katie Kramer. Today on our podcast, business leaders
0:07.6	respond to the stunning scenes at the U.S. Capitol.
0:10.8	Melody Hobson of aerial investments on the stock markets shrugging off political crisis.
0:16.0	Despite the travesty that we saw, the images that are hard to forget that I never expected to see in my lifetime.
0:23.0	Despite all of that in terms of the underpendings,
0:25.6	the foundation of the U.S. economy, nothing changed.
0:29.3	And Carlisle's David Rubinstein
0:31.1	on the responsibility of the C suites and employers of America.
0:35.0	It's important for the business community to make it clear that we are Americans who care about the democratic
0:40.6	process. It's clear that democracy had a bit of a meltdown and we need to fix the system.
0:45.9	It's Friday, January 8th, 2021, Squawk Pot begins right now.
0:58.0	In the wake of Wednesday's violent reach of the U.S. capital, business leaders have spoken out, condemning the rider's effort to disrupt American democracy.
1:01.0	Some of those leaders, like famed activist investor Nelson Peltz confessed
1:05.6	that his support for President Donald Trump is a mistake.
1:09.8	What happened yesterday is a disgrace and as an American I'm embarrassed. You know I didn't
1:17.0	vote for Trump in 16. I voted for him in this past election November.
1:24.0	Today I'm sorry I did that.
1:27.0	The National Association of Manufacturers, a trade group that has been supportive of the President's economic agenda,
1:33.4	went out in front Wednesday, calling on Vice President Pence to invoke
1:37.7	the 25th Amendment and begin proceedings to remove Donald Trump from office and keep him from ever running again.
1:44.6	Over the last four years and this last year of 2020 in particular,
1:48.7	business leaders have weighed in on politics again and again.
	...

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