Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the I Heart Radio app, Apple Podcasts,

or wherever you get your podcasts.

Brought you by Bank of America, Merrill Lynch, investing in local communities, economies, and a sustainable future.

That's the power of global connections, Merrill Lynch Pierce Fenner and Smith, Inc. Member SIPC. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best in economics finance investment and

international relations find Bloomberg surveillance on iTunes sound

cloud Bloomberg.com and and of course, on the Bloomberg.

Sally Kraw Chuck is with us,

and she is, of course, an historic place on Wall Street delivering first order securities analysis

for Sanford Bernstein where she broke original ground and then her executive work in financial

management and now running Elavist is owned. The book is Own It and it's not another touchy

feeling gee golly book here. This is the real thing and it's hard-hitting. Let's start with

diversity councils. You go right

after diversity councils and say no no no help me here. Well here's what I would say

Tom is and I think we've seen it in 2016. Diversity has stalled. Gender progress, we certainly have seen it in politics,

but in business as well for all the discussion and debate about the power of diversity, it stalled

and on Wall Street, you know it's gone backwards over the past decade. of for CEOs start to just do it because the impact of not doing it has been

theoretical you won't get the higher return for return on equities you won't get

...