Lloyd Blankfein at CITIZEN by CNN: The New Business of Business
Boss Files with Poppy Harlow
CNN
4.6 • 538 Ratings
🗓️ 25 October 2019
⏱️ 28 minutes
🧾️ Download transcript
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| 0:00.0 | Hey everyone, some exciting news to share. It is our 100th episode of Boss Files. It has been |
| 0:08.0 | quite a journey, and I'm so glad you've been along with us for the ride. So I just got back from |
| 0:12.9 | our Citizen by CNN conference. It's a live event with newsmakers across industries talking about |
| 0:18.1 | critical issues. Former Goldman Sachs, CEO Lloyd Blankfine, joined me on stage, and we talked about a issues. Former Goldman Sachs CEO Lloyd Blankfine joined me on stage, |
| 0:22.6 | and we talked about a lot. He says capitalism is not dead, but it must be more fair. He was born and |
| 0:28.9 | raised in Brooklyn public housing. He made it to Harvard by age 16 and then made millions on Wall Street, |
| 0:35.5 | so he has known both sides of the proverbial tracks. |
| 0:39.4 | So how does that inform him today as America grapples with vast inequality? |
| 0:44.6 | We also talked about his Twitter feud with 2020 Democratic presidential candidate Bernie Sanders. |
| 0:49.3 | You should check that out if you have not seen the exchange. |
| 0:52.3 | I asked him what he thinks of Sanders' statement |
| 0:54.7 | that billionaire shouldn't exist in America. He told me he's open to the rich paying more in taxes. |
| 1:01.3 | Should I pay more tax? I sure as heck would be willing to pay more tax if I could buy a more, |
| 1:07.0 | you know, a happier and less polarized society for sure. He also shared his thoughts about President Trump's temperament. Do you think that President Trump's temperament is a net positive for the country right now? No, it's not a net positive. I don't think anybody thinks his temperament is a better. So how much is it hurting this country and the world's age? I'm not putting words in the president's lip. He says it himself. |
| 1:27.7 | He has a nationalist agenda. |
| 1:29.4 | So let's jump in right now to my live conversation with Lloyd Blank Fine at Citizen by CNN. |
| 1:36.7 | I really appreciate you being here. |
| 1:38.8 | We've talked over the years. |
| 1:40.8 | But you are in a new position. |
| 1:42.3 | You are no longer CEO of Goldman Sachs. So you are free to say a little bit more about what is actually on your mind. I didn't even know. I didn't remember. I had to go on Google to figure out how to tie a tie this morning. Yes. I don't believe that. Okay. So let's just dive right in. Mark Benioff, Salesforce founder and CEO told me last week, uneivocally capitalism is dead. Is it? |
| 2:02.6 | Unequivocally, no. It's not dead. It's not dead. We're the envy of the developed and frankly the underdeveloped world in terms of our system. |
| 2:15.6 | There's no doubt in my mind. It is always needed to be tinker with. There's no doubt in my mind. |
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