Walmart CEO & Business Roundtable Chairman Doug McMillon

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 5 June 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Doug McMillon, Walmart CEO and Chairman of the Business Roundtable, announces the BRT’s new CEO collaborative committee to advance racial equity and justice solutions. In discussing his CNBC.com op ed, “And Justice for All: Unshackling the Potential for Every American,” Blue Meridian Partners’ Jim Shelton takes American executives to task. He says calls for justice and acknowledging history are not enough; he calls for corporate action beyond boardrooms and press releases. Plus, Allianz Chief Economic Advisor and Squawk Box regular Mohamed El-Erian makes sense of the market rebound in the face of two American crises.

Transcript

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0:00.0	This is a squawk pod. I'm C. NBC producer Katie Kramer. Today on our
0:06.8	podcast and historic collaboration from corporate America, business roundtable
0:11.2	chairman and Walmart CEO Duck McMillan.
0:13.4	What we see is a moment here, a moment where we can make a bigger difference.
0:18.1	As the nation fights for racial equality and justice.
0:21.5	We need to listen to a diverse group of people. We need to make sure. quality and
0:25.0	Chief Investment and impact officer at Star Studed Nonprofit
0:24.0	to make sure that we're hearing them and that we're finding creative ways to drive change
0:30.0	and Chief Investment and Impact Officer at Star Studded Nonprofit Blue Meridian
0:34.7	takes executives to task on unshackling the potential of every American.
0:38.8	I ask CEOs, if you are serious about this,
0:42.0	how many of your government relations people, how many of your
0:44.6	lobbyists are focused on these kinds of issues?
0:48.0	It's Friday, June 5th, 2020, Squawk Pie begins right now.
0:52.7	Good morning everybody.
0:54.0	Happy Friday and welcome to Squack Box here on
0:56.4	C.M.
0:57.6	I'm Becky Quick, along with Joe Vernon and Andrew Ross Sorkin.
1:00.4	And we're going to start with...
1:02.1	This week, many top executives have said corporations need to do more to combat racial inequality in various forms.
1:08.0	As a result, the Business Roundtable is announcing the creation of a special committee to take on just that issue through education,
1:14.7	health care, finance, and criminal justice solutions.
	...

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