Recode Decode: Rockfeller Foundation president Raj Shah and Goldman Sachs CEO David Solomon (Live at Code 2019)

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 1 July 2019

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

In these interviews from the 2019 Code Conference, Rockfeller Foundation president Raj Shah and Goldman Sachs CEO David Solomon talk with Recode's Teddy Schleifer. In the Shah interview: Rising inequality and the limits of private philanthropy; the growing scrutiny of wealthy endowments like Rockefeller; are "opportunity zones” just a tax giveaway?; what do Silicon Valley’s ultra-rich owe to people in need?; and the low percentage of billionaires who have committed to the Bill Gates and Warren Buffett's Giving Pledge. And then, in the Solomon interview: What tech can learn from finance’s own era of backlash; how Goldman Sachs changed post-financial crisis; the state of tech IPOs after Uber and Lyft; Goldman’s and Solomon's investments in Uber; the state of M&A partnering with Apple on its upcoming credit card; the appeal of the Goldman Sachs brand to millennials; Eric Ries and the Long-Term Stock Exchange; China’s rising economic power and Trump’s tariffs; and diversity at Goldman Sachs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Sabotage, hired goons and a landfill in Utah.
0:05.0	How Steve Jobs' revolutionary catastrophe of a computer, the Apple Lisa, earned a brief
0:10.7	second life and then was buried for good.
0:14.8	Watch the Verges documentary, Lisa's final act, now on YouTube.
0:23.0	You're listening to Reco Decode from the Vox Media Podcast Network.
0:26.2	I'm Teddy Schleifer, the finance editor at Reco Decode, in today for Cara Swisher.
0:30.6	Today we're going to play two interviews I just did at this year's Code Conference.
0:34.8	First, we're going to play an interview I conducted with Raj Shah, the president of the
0:39.0	Rocky Flutter Foundation.
0:40.6	And then later in the show, you'll hear Cara Swisher and me talking to David Solomon,
0:44.8	who is the CEO of Goldman Sachs.
0:47.0	But let's start with Raj Shah.
0:48.9	This year a code, we heard a lot about what Silicon Valley's richest residents owe to people
0:53.4	in need and the reckoning happening at Tech at Large.
0:57.1	And Shah said that as recently as five years ago or so, representatives from companies
1:01.3	like Facebook told lawmakers that of course they were saving the world.
1:05.6	And they don't say that now.
1:06.6	And I think there's a new responsibility.
1:08.4	Frankly, I think that we're having a good conversation about should technology billionaires
1:13.4	give more and how can they do it optimally?
1:16.2	That's great.
1:17.2	In addition to that, we need to be having a conversation of how can the tools of modern
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