meta_pixel
Tapesearch Logo
Log in
The John Batchelor Show

#WaltDisney: #FL: Why does Big Business turn away from old-fashioned Bottom Line Thinking? Daniel Henninger, WSJ

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 20 May 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Photo: No known restrictions on publication.
@Batchelorshow


#WaltDisney: #FL: Why does Big Business turn away from old-fashioned Bottom Line Thinking? Daniel Henninger, WSJ
https://www.wsj.com/articles/the-right-targets-corporations-ceo-esg-dei-virtue-signaling-woke-congress-judiciary-committee-desantis-youngkin-jim-jordan-feb7665f

Transcript

Click on a timestamp to play from that location

0:00.0

Childhood should be fun. Don't let bed wetting spoil that.

0:07.0

Dry nights give maximum protection, so kids can go to bed where we free.

0:12.0

Have a dry night sleep. And wake up awesome!

0:19.0

Awesome days start with dry nights. Search dry nights for a free sample.

0:29.0

This is CBS Eye on the World. Here's John Bachelor.

0:40.0

Auditor and corporate America are powerful and extremely well to do except I learned from Daniel Hanager,

0:47.0

Deputy Editor of the Wall Street Journal, Editor of Page C. Rites Wonderland.

0:51.0

I learned that there are moments right now where there is a puzzle as to whether corporate America is supremely powerful, global.

1:00.0

Understands that taking on a political partisan dispute before an election is not good for the bottom line.

1:07.0

Puzzle. Dan, I'm very good evening to you. You cite the example of JP Morgan where someone has made the poor decision to de-throne, defensterate, de-platform elements of conservatism.

1:23.0

You mentioned Sam Brownback conservatism, for example. But you reason quite correctly that there's no way Jamie Diamond of the leadership of JP Morgan could know this.

1:32.0

JP Morgan Chase. I agree with you. However, that isn't uniform these days. You also cite the report of Larry Fink and BlackRock with ESG.

1:42.0

And now there's the famous Mr. I grew up Disney taking on the extremely popular and rising star of Mr. DeSantis.

1:51.0

Does corporate America long continue to understand the bottom line as their responsibility to their shareholders? Good evening to you, Dan.

2:00.0

Either John Well, one would hope that they are beginning to recognize that the bottom line is in fact the bottom line.

2:07.0

And not the politics of the left. The JP Morgan story, which was reported inside the Wall Street Journal, this past week was fascinating.

2:16.0

What it basically involved and the technical word for it is indeed debanking. They debanked a group run by Sam Brownback, all the National Committee for Religious Freedom.

2:29.0

Night, the attorney's general of 19 states sent a letter to JP Morgan demanding to know why they were discriminating against the conservative religious group.

2:43.0

When you get the attention of 19 attorneys general, there must be something going on there now. Chase denied that it was engaged in discrimination.

2:53.0

What they did was cancel the account of Sam Brownback's group a couple of weeks after it opened.

3:00.0

And as I wrote the idea that the well known CEO of JP Morgan Chase, Jamie Diamond, would ever engage in any such thing to me is just beyond imagining.

3:12.0

What is not beyond imagining is that someone in the bowels of JP Morgan thought it would be the most normal thing in the world to debank a conservative group.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from John Batchelor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of John Batchelor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.