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Boss Files with Poppy Harlow

Salesforce's Marc Benioff: We Need a New Capitalism

Boss Files with Poppy Harlow

CNN

Business, Entrepreneurship

4.6538 Ratings

🗓️ 17 October 2019

⏱️ 71 minutes

🧾️ Download transcript

Summary

Salesforce Founder, Chairman and co-CEO Marc Benioff is out with a new book "Trailblazer." He argues capitalism is dead and a new form of capitalism is needed. He calls for higher taxes on the wealthy and admits CEOs have largely gotten a pass. He also weighs in on big tech regulation and says Facebook must be broken up. Produced by Haley Draznin, CNN.To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

In this episode of Boss Files, we do need a new capitalism. Capitalism is dead. We need a new,

0:08.0

more sustainable, a more equitable, more fair capitalism. Salesforce founder and co-CEO Mark Benio, Mark

0:16.2

he's out with a new book called Trailblazer and makes the case for business being about much more than the bottom line.

0:23.8

He thinks billionaires like himself should pay much higher taxes and warns about the cost of growing inequality.

0:31.7

He tells me CEOs have largely gotten a pass.

0:35.3

Plus, he makes the case for breaking up big tech.

0:38.5

Well, you were there in Davos at the World Economic Forum in 2019, and I said Facebook is the new

0:43.4

cigarettes. We've talked about this before. It's addictive. It's not good for you. They're after your

0:48.2

kids. They're running political ads that aren't true. They're giving your data to tens of

0:53.7

thousands of organizations

0:54.9

without your knowledge. And they're also acquiring other companies and commingling their data

0:59.8

into theirs. And I think at that point, because they're now doing that, that they probably should

1:05.0

be broken up. And his argument for Section 230 of the Communications Decency Act, often called the Internet's most

1:12.5

important law to be, quote, abolished. Also, his personal journey to the C-suite, the impact his

1:19.3

father and grandfather had on him, and the value of being vulnerable. Plus, what does he hope

1:26.0

his kids will say about him one day? Here's my conversation with

1:30.2

Salesforce founder and CEO Mark Benioff. Hi, Mark. Hi, Poppy. Thank you for being here. Oh, well,

1:36.7

I'm happy to be here. Congrats on. Thank you. Trailblazer, the book. Thank you. We'll get into it

1:41.4

all the way back to the 1970 Buick, I believe, in a little bit.

1:47.6

But let's start with all the headlines you're making on capitalism.

1:51.7

Mark, you say capitalism as we know it is dead.

1:55.9

That's saying a lot coming from a billionaire who made his money through capitalism.

...

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