Socially Responsible Investing

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The media business has been roucked lately by jeff socker's departure from c an an over his failure to disclose a personal relationship as required by company policy. Do you think that's something that is more acute at media businesses than in other businesses? Look, i think power can breed bad choices, right? And so i think that could be true in any industry, but perhaps even more pronounced with people wanting to get their big shot. I don't know. It's just a part of, unfortunately, a business culture thatwe working our way through to better sides."

It may appear off-brand for Betterment, a digital investment adviser, to acquire a cryptocurrency investing platform. But CEO Sarah Levy explains that Betterment, positioned around its long-term diversification philosophy, has approached this volatile space with their tried-and-true principles top of mind. “Once we believe that an asset class is here to stay,” she says, “the question is: how do we responsibly incorporate that alongside a traditional investment strategy?” Levy, who became CEO in the midst of the pandemic, offers an intriguing perspective on how new, fast-moving digital finance platforms are shifting the norms of the industry. “We are not saddled with legacy businesses here that prevent us from chasing new dreams.”

Read a transcript of this episode: https://mastersofscale.com

Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.