Bloomberg Businessweek
The Business of Waste Management and Economics' Sherlock Holmes
Feb 14, 2025
Devina Rankin, CFO of Waste Management, shares insights on the company's growth and sustainability focus amid economic fluctuations. Torsten Slok, Chief Economist at Apollo Global Management, explores the resilience of the U.S. economy despite interest rate hikes, and predicts market trends. Lee Schrager, Director of the South Beach Wine & Food Festival, teases the exciting culinary line-up and its charitable impact while discussing evolving dining habits and the festival's role in supporting aspiring chefs.
52:31
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Quick takeaways
- Waste Management operates with resilience in various economic climates, focusing on strategic growth amid potential tariff and interest rate disruptions.
- The acquisition of Stericycle signals Waste Management's plan for significant operational synergies and cost savings, despite facing integration challenges.
Deep dives
The Birth of a Payments Revolution
A businessman in the 1950s introduced a system for settling lunch tabs that sparked a significant transformation in payments. This early adoption of more streamlined transactions laid the groundwork for advancements in financial technology. Looking forward, stablecoins are at the forefront of a new wave in payment systems, promising to facilitate faster and cheaper transactions. This indicates a shift towards more frictionless financial operations in a digitized economy.
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