Conversations with Mike Milken

Conversations with Mike Milken

COVID-19 has changed the way we work and live. In response to the public health emergency, Milken Institute Chairman Michael Milken is engaging a range of industry leaders and medical experts to help us better understand and confront a crisis that has not only altered our current day-to-day but will change the course of how we work, socialize, and fight disease for years to come.... Show More

Episodes

September 18, 2020 26 min
“We need to have an organization that reflects the millions and millions of guests we serve each and every day. From the bottom up we've made a commitment to diversity and inclusion. Of the 1,900 stores we run in the United States, over half are led by female store directors, over a third are diverse, and we build that pipeline in the organization.” For more than three decades, Brian Cornell held executive roles in the consumer...
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September 15, 2020 27 min
“Venture capital is concentrated in … three states: California, Massachusetts, and New York. We know that not all the good ideas come from those three places. And so it's really important that we think hard about how we make sure that all small businesses can access capital.” With a career that effortlessly spans public and private sectors, including successful forays into entrepreneurism and philanthropy, Maria Contreras-Sweet...
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“We have to rebuild with a more inclusive capitalism, and I emphasize both of those words … so that as we go forward with crises – and there will be crises – the impact of those crises will not be so heavily defined by the color of one's skin.” As President and CEO of TIAA, Roger Ferguson manages 1.1 trillion dollars in retirement funds and services spanning the academic, research, medical, and cultural fields. As one of only f...
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“What we've done during COVID in many ways, we've taken 10 years of technology adoption and crammed it into three months. I'm certain we're getting ready to have a slew of new ideas that you and I haven't thought of, but that we're going to be delighted to support.” Bob Pittman was 15 when he started in radio – and he never looked back. The Mississippi native and current Chairman and CEO of iHeartMedia has b...
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“Once you have a whole body PET scan, there's not a lot of value often in doing a physical examination or taking out your stethoscope because the information on that scan tells you everything you need to know. The classic medicine history examination is giving way to a whole new form of medicine where we are using a variety of different technologies.” As a noted physician-scientist and nuclear medicine physician at the Universi...
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“I really want to be building on this technology here at Berkeley and making sure that we are creating a community of scientists that are doing two things: not only extending this extraordinary science and thinking about how to apply genome editing in ways that will have real impact on humanity; but also doing it with an eye towards social responsibility.” It used to be the stuff of science fiction: A scientist discovers a way to e...
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“I think my immigrant spirit of adapting kicked in and I said, look guys, we need to do something. We cannot sit here and do nothing because the stores are closed. Let's start a plan of attack, let's start going online. … This is what we did within 10 days … and we grew 154% online.” Anastasia Soare is living proof that one can achieve the American Dream by building a better eyebrow. After emigrating from Romania in 1989 wi...
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“I'm very committed to compassionate capitalism, which is what I like to call my business. … My products are there to help patients who need it anywhere in the world. And therefore, I believe that if I can actually produce these products in a way that provides affordable access … I will be very driven by that sense of purpose.” As one of India’s most celebrated biopharmaceutical entrepreneurs, Kiran Mazumdar-Shaw has been commi...
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“There's so much more that unites us than separates us. And at the same time, also from a business perspective, the small businesses around the world, well, they're looking for the same thing too. … I've been on the streets of the Soweto with some amazing female entrepreneurs. And they're telling me about the biggest businesses happening in New York today. And that wouldn't have been possible that a decade ago.”...
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“Government funds alone simply aren't going to get the job done. What's needed is the engagement of the private sector and the private capital flows that come into these markets to make lasting change sustainable.”  Created in 2004 with broad bipartisan support, the Millennium Challenge Corporation is a U.S. Government aid agency that seeks to reduce poverty in the developing world through economic growth. CEO Sean Cairncro...
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“Your well-being, your wealth, is very intertwined and dependent on other people's well-being. … That is the philosophy that also drives us because we know that our children's well-being cannot be isolated from the well-being of the other children in South Africa, or other kids on the continent, for that matter.” When Precious Moloi began her career as a doctor in South Africa, she would eventually open the first women’s cl...
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“The COVID-19 crisis has made me realize that if there's anything I really want to get done in my life, I need to get it done sooner. I am ratcheting up my activity.  I'm doing what I call sprinting to the finish line now because I realize how fragile life really can be and this crisis brought it home to me.” After achieving financial success by co-founding and co-chairing the private equity firm The Carlyle Group, David Ru...
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“We immediately went from working 100% from the office to 100% work from home; we’ll remain working from home at least through October as we see how the virus progresses and how we protect the health and safety of our employees as we start to reopen.” For PayPal president and CEO Dan Schulman, the health and wellbeing of his 25,000 global employees comes first. They, in turn, are then better able to provide for the 300 million cons...
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“It's really, to me, a trust factor. … Companies at that moment had huge, huge needs for capital to manage through the beginning of what they were seeing was going to be a significant downturn in their business. If we had closed the markets, they would not have been able to gain access to that capital when they needed it the most.”  Early in the coronavirus crisis, Adena Friedman, president and CEO of Nasdaq, focused her energy...
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“We're working well as an industry, not just within the airline industry, but across the hospitality sector. We want customers to feel confident. … People want to move; people want to get out. There's a cabin fever … and we want to make sure we're serving it safely.” Ed Bastian, CEO of Delta Air Lines, remembers all too well how 9/11 affected his industry and his airline, which had to restructure and make difficult cost...
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“The unfortunate, almost-tragic, paradox of this situation is that 1.2 million healthcare professionals in the United States have lost their jobs because of the financial strains that have COVID pandemic put on healthcare organizations.” For the 99-year-old Cleveland Clinic, the care of their patients is equaled only by the emphasis they place on the health of their own workforce. Their thorough preparation and procedures have resu...
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“In Macau, we put together a plan that when we would reopen, it would be one of the safest places people could go. Everything from thermal cameras to … PPE. Every customer's given a mask. … UV technology in public bathrooms. Electro‐mist spray throughout the facility. And lots of training for our people.” For Matt Maddox, CEO of Wynn Resorts, the safety and security of employees and customers is paramount. And thanks to the com...
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“This experience is a grand experiment in online work, online education, online shopping. You really couldn't have created a better experiment, and we're learning an awful lot. Not everything is working so well, and some things are working really well.” Ever since tinkering with punch-card computers at age 10, David Siegel has had a fascination with data. He co-founded and co-chairs Two Sigma, a data-focused financial servi...
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Adam Boehler CEO, U.S. International Development Finance Corporation (DFC) There are places in the United States now with little to no cases, and if the states have the ability to do contact tracing with some testing to ensure that if there's a flare we can move quickly, then I think it's fine to open up now as long as one could take very quick action. “We're testing 200,000 Americans a day. That's an 80x inc...
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Francis deSouza President and CEO, Illumina “The first genome sequence of the virus that was published on January 12th online was done on Illumina machines, and so we have been working on this outbreak [since] well before it became a pandemic.” Sequencing DNA quickly and cheaply has revolutionized medicine with new cures and therapies that have extended and saved lives. As president and CEO of Illumina, Francis deSouza has been a...
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