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Skullduggery

The Hypocrisy of Davos Man (w/ Peter S. Goodman)

Skullduggery

Michael Isikoff, Daniel Klaidman, Victoria Bassetti

Politics, White House, News Commentary, Government, Senate, Podcasts, President, House Of Representatives, News, Victoria Bassetti, Supreme Court, Michael Isikoff, Foreign Policy, Scandels, Yahoo News, Voting, Elections, Skullduggery, Daniel Klaidman

42K Ratings

🗓️ 25 January 2022

⏱️ 60 minutes

🧾️ Download transcript

Summary

The World Economic Forum is something that takes place every year in Davos, Switzerland. Mark Benioff, Billionaire CEO of cloud computing company Salesforce who frequents this forum, is an evangelist for a concept known as stakeholder capitalism. The notion that corporate executors have an obligation to not just do what's best for its shareholders, the folks who bought the stocks and reaped the dividends, but for all its stakeholders including the company's workers, consumers, suppliers, and more broadly, society at large. It's positioned Benioff as that most admirable of characters at the annual retreat, a progressive CEO committed to ending climate change, promoting diversity, and otherwise making the world a better place. But according to our guest Peter S. Goodman of The New York Times, and author of the book Davos Man, it's all a charade. In addition, our hosts discuss the latest developments into Jan. 6th, the newly discovered Draft Executive Order for the Military to cease election machines, as well as the recent news out of Georgia in regards to the infamous Trump phone call to find him more votes.


GUEST:

Peter S. Goodman (@petersgoodman), @nytimes global econ corr. Author of DAVOS MAN: How the Billionaires Devoured the World


HOSTS:

  • Michael Isikoff (@Isikoff), Chief Investigative Correspondent, Yahoo News
  • Daniel Klaidman (@dklaidman), Editor in Chief, Yahoo News
  • Victoria Bassetti (@VBass), fellow, Brennan Center for Justice (contributing co-host)

RESOURCES:

  • Pick Up Goodman's book - Here.
  • Watch Rutger Bregman Viral Clip from Davos - Here.


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Transcript

Click on a timestamp to play from that location

0:00.0

I believe business is the greatest platform for change.

0:05.0

I believe that CEOs really have an opportunity using their businesses to improve society.

0:13.0

And that could be directly making a commentary to politicians or building great products

0:22.0

or making sure that their companies are net zero.

0:25.0

I think in all of those cases, business are improving the state of the world.

0:29.0

That's Mark Benioff, billionaire CEO of the Cloud Computing Company, Sales Force,

0:35.0

speaking in an interview last year shown at the World Economic Forum in Davos, Switzerland.

0:40.0

Benioff is an evangelist for a concept known as stakeholder capitalism.

0:44.0

The notion that corporate executives have an obligation to not just do what's best for its shareholders,

0:49.0

the folks who bought the stock and reaped the dividends, but for all its stakeholders,

0:54.0

including the company's workers, its consumers, its suppliers, and more broadly society at large.

1:00.0

It's positioned Benioff as that most admirable of characters at the annual Davos retreat.

1:05.0

A progressive CEO committed to ending climate change, promoting diversity,

1:09.0

and otherwise making the world a better place.

1:12.0

But according to Peter Goodman, the New York Times Global Economic Correspondent,

1:16.0

an author of the new book Davos Man, How the Billionaires Devoured the World,

1:21.0

it's all a charade. Billionaires like Benioff fly off to the Swiss retreat every year on their private jets,

1:27.0

hobnob with their fellow billionaires at fancy cocktail parties thrown by giant consulting firms,

1:33.0

attend meditation seminars, and otherwise stroke themselves on their virtue and brilliance.

1:38.0

All the while, pushing and helping to shape a world economic order,

1:42.0

that, while making all of them much richer, has exacerbated world poverty,

1:47.0

thrown millions at a work, and contributed to new levels of global inequality.

...

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