The Prof G Pod with Scott Galloway Office Hours: Square’s Social Solution, How Labor Got Crushed, and the Dangers of Bad Corporate Governance
Sep 13, 2021
Scott dives into whether Square should acquire Twitter, igniting debates on leadership and e-commerce. He discusses the danger of power concentration among investment firms and its impact on business health. The conversation shifts to how labor's demands are reshaping workforce dynamics, especially in underappreciated industries. Additionally, he highlights the connection between corporate governance and personal happiness, emphasizing the need for diversity and accountability in corporate leadership.
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Square Acquiring Twitter
- Consider Square acquiring Twitter to combine payments with social media.
- This could create synergies and solve the part-time CEO issue.
Concentrated Power in Investment Firms
- Concentrated power in investment firms like BlackRock, State Street, and Vanguard creates groupthink and inert boards.
- This hinders emerging companies and leads to homogenous corporate governance.
Importance of Board Debate
- Scott Galloway recounts experiences on boards where controlling shareholders stifle debate.
- He emphasizes the importance of diverse opinions and robust discussion for effective governance.