Bloomberg Talks
00:12:04 · S0, Robert Kaplan, S2, S1
[00:12:04] S0: We're not seeing that. [00:12:05] S3: I think we're getting to a level of debt where people are more reluctant now to own treasuries. That's a dangerous thing. I think that should be the red warning light that gets us to address this. [00:12:16] S2: I've got to get this in. It's too important. [00:12:18] S1: Skydance, Paramount, five days a week in the office, Warner Brothers. three days in the office, work from home. Robert Kaplan wrote a book years ago, folks, What You're Really Meant to Do. And it wasn't like a Netflix series because it was really an uncomfortable book. The importance of relationships. How in God's name, Robert Kaplan, would you or I be where we are today, working from home? [00:12:46] S0: Discuss. This is why most businesses. [00:12:49] S3: During COVID, the first reaction was, oh, my God, this is working better than we thought working remotely. And then eventually people realized, no, training, mentoring, coaching, relationship building deteriorates. And that's why most businesses, including ours at Goldman, we ask, you've got to come back to the office because we need the gathering in person in order to– So what does Nick Booth at. [00:13:15] S1: Stanford get wrong? Let me cut to the chase. He's leading the academic charge on him. There's a lot of, full disclosure, folks, I'm six days in the office. [00:13:24] S2: Okay. What's Booth and the crew get wrong at Stanford?
00:13:24 · S2, Robert Kaplan, S4, S0, S1
[00:13:24] S2: Okay. What's Booth and the crew get wrong at Stanford? [00:13:29] S3: Listen, there are certain functions that I think And I think there's some good development, certain functions you can work remotely. Listen, if you have children and you have other obligations, I think we ought to accommodate those. But by and large, I think what you're missing is the cultural development, mentoring, coaching, observing. Coaching requires observation. I can't observe you. if we're not together. For younger people in particular, they need the coaching. And I see it every day. And you can't do it if it's remote because I don't know what you're doing. [00:14:06] S2: Absolutely. Real quickly. [00:14:08] S4: So Goldman Sachs, the younger bankers, I mean, to me, when I was a young banker, I learned by just observing and interacting with my senior folks. I mean, to this day, I do things a certain way because I think back to what. [00:14:22] S0: Same here. [00:14:23] S1: I mean. [00:14:25] S4: Was there a generation lost there? [00:14:28] S3: I think when folks were out of the office there for a year or two, I think some of the training, leadership, development, mentoring, and coaching might have atrophied a little bit. And I think we're working very hard, and I think most businesses are, to rebuild that if you want a successful firm. [00:14:45] S2: Come on, the movie Margin Call. [00:14:48] S1: Could they have had that famous meeting with Jeremy Irons at the end of the table if. [00:14:52] S2: They were all work from home? [00:14:53] S4: I don't think so.
00:14:53 · S4, S1, S0
[00:14:53] S4: I don't think so. [00:14:56] S1: Robert Kapp, we got through it without talking about University of Kansas football. [00:15:01] S0: We're to important topics now, yeah.