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Money Talks from The Economist

Money talks: No magic sauce

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 26 February 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

Could Kraft Heinz’s troubles signal the limits of cost-cutting and the strategies of 3G Capital? Germany’s Deutsche Bank is struggling, but merging might not be the right answer. Sallie Krawcheck, a titan of Wall Street, who once thought social impact investing was for “granola eaters”, now tells us companies should be less dominated by white males. Simon Long hosts

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Transcript

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0:00.0

Imagine you in a nice comfy seat with your hands behind your head taking in the views instead of taking on the road maybe even taking a nap. That's the bliss of getting where you need to go

0:16.1

without worrying about driving. Book your train journey via avantiawestcoast.co. Oveanti West Coast.

0:25.0

Feel good travel. Hello I'm Simon Long, international editor at The Economist and this is Money Talks on Economist Radio.

0:46.2

Coming up on today's show, even Warren Buffett makes mistakes.

0:51.1

We all were paid for craft and we wrote down 15 billion of that and we misjudged.

0:56.1

We look at why one of the biggest food companies in the world is in a sticky mess and

1:01.3

financial feminists Sally Kortchek and why she completely changed her mind

1:05.8

about social impact investing. I've turned on meetings with impact investors

1:09.7

I you know if you had worked your way into my office when I was running Merrill or

1:13.7

Smith Barney and said you know I'm here to talk about social impact I would have said you know

1:17.8

you're a granola eater tree hugger you know so I was all the way with old Wall Street.

1:24.0

First, Kraft Heintz finds itself in a spot of bother.

1:28.0

Look in your cupboard and you're bound to find some of its products.

1:32.0

Kraft Macaroni and jeez!

1:34.7

It's a cheesy ceremony,

1:36.2

let's shake right and l'erolone.

1:38.6

Keep Britain Heinz, Hines.

1:45.0

Hines.

1:46.0

You don't need any more hormones in your house.

1:48.0

That's why you chose craft natural cheese.

1:51.0

Made with fresh milk.

1:52.0

Cuz that's Oscar Meyer has a way with B. L.O.G. and A.

...

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