Renting the Pandemic Runway & Diversify, or Delist: the Nasdaq’s New Rule with Ursula Burns & Darren Walker

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 2 December 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Nasdaq has proposed a new rule to require its 3,000+ listed companies to disclose Board of Directors demographics. Ursula Burns, former Xerox CEO and board member at Uber, Nestle, and ExxonMobil, joins Ford Foundation president Darren Walker in a discussion about diversity’s impact on the financial bottom line, finding diverse talent, and encouraging evolution in corporate America. Rent the Runway CEO Jenn Hyman says despite casual pandemic fashion trends, her business is holding steady. A Covid vaccine is drawing nearer on the horizon; CNBC’s Julianna Tatelbaum reports on the United Kingdom’s process for distributing supply to vulnerable populations. Plus, Tesla’s Elon Musk is putting pressure on his employees, and wealthy U.S. citizens are on the move--or at least, making plans to.

Transcript

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0:00.0	This is SWAC Pod. I'm C. NBC producer Katie Kramer. Today on our podcast. A vaccine on the way. UK regulators become the first to approve emergency use of Pfizer's COVID-19 vaccine as soon as next week.
0:16.0	Things are happening. I mean we're people are going to be getting that vaccine in the UK
0:20.4	like near term so it's good.
0:22.8	D-List the Nasdaq's new rule for its listed companies and what the move means
0:28.0	for the rest of corporate America Ford Foundations Darren Walker.
0:31.7	This is about performance. This is about
0:34.9	productivity and this is about profit. So this is not about political
0:39.2	correctness. And Uber Nestle ExxonMobil board member Ursula Burns.
0:44.0	We're talking about including skilled diverse people on boards.
0:50.0	They exist. They have not been included in the past.
0:53.0	Plus, what have you been wearing these days? I'm betting it's not runway.
0:57.0	But Rent the Runway CEO says despite our pandemic sweatsuits,
1:01.0	her business is holding steady.
1:03.2	We have seen wider diversity of who's actually coming to the site in the first place,
1:09.2	and we think that that change is permanent.
1:12.1	It's Wednesday, December 2nd, 2020, sit back, relax.
1:16.3	That's coffee, Andrew, or are you really going crazy and having some shelter and
1:20.0	breaking all the rules? Squawk Pod begins right now.
1:24.3	Good morning everybody.
1:25.1	Welcome to Squawk Box.
1:26.4	This is C.M.
1:27.7	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
	...

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