Decoder with Nilay Patel

Recode Decode: Rockfeller Foundation president Raj Shah and Goldman Sachs CEO David Solomon (Live at Code 2019)

Jul 1, 2019

Raj Shah, President of the Rockefeller Foundation, confronts pressing issues like rising inequality and the scrutiny of wealthy philanthropies. He questions the effectiveness of opportunity zones and urges billionaires to commit to social betterment. Meanwhile, David Solomon, CEO of Goldman Sachs, reflects on the post-financial crisis evolution of finance, tech IPO trends, and partnerships, like Apple’s credit card. He also discusses the implications of China's economic power and calls for diversity in the finance sector.

01:05:49

Episode guests

David M. Solomon

Raj Shah

AI Chapters

Episode notes

Intro

1min

The Intersection of Philanthropy and Inequality

4min

Rethinking Philanthropy: Impact and Accountability

10min

Advertisements on Business Strategy and Hydration Solutions

2min

Silicon Valley's Philanthropic Dilemma

11min

Insights and Advertisements: A Transition to High-Stakes Conversations

2min

Silicon Valley and Wall Street: Navigating Challenges

27min

Navigating Public vs. Private Markets

7min

In these interviews from the 2019 Code Conference, Rockfeller Foundation president Raj Shah and Goldman Sachs CEO David Solomon talk with Recode's Teddy Schleifer.

In the Shah interview: Rising inequality and the limits of private philanthropy; the growing scrutiny of wealthy endowments like Rockefeller; are "opportunity zones” just a tax giveaway?; what do Silicon Valley’s ultra-rich owe to people in need?; and the low percentage of billionaires who have committed to the Bill Gates and Warren Buffett's Giving Pledge.

And then, in the Solomon interview: What tech can learn from finance’s own era of backlash; how Goldman Sachs changed post-financial crisis; the state of tech IPOs after Uber and Lyft; Goldman’s and Solomon's investments in Uber; the state of M&A; partnering with Apple on its upcoming credit card; the appeal of the Goldman Sachs brand to millennials; Eric Ries and the Long-Term Stock Exchange; China’s rising economic power and Trump’s tariffs; and diversity at Goldman Sachs.

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