Gillian Tett

speaker

1,226 appearances 12 recordings 1 series first heard May 2026 last heard 2 Sep

Gillian Tett’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.

Appearances

newest first · ▶ plays the moment

The Story of Money · The 1980s Garfield buyout that changed corporate finance · 1 Jul 2026 podcast

So you have this astonishing stat. voice-verified

Of course, on the face of it looks really good, doesn't it, Robin? voice-verified

But the difference is though, it wasn't just about the old guard, the incumbents, hating a bunch of disruptive newcomers who are threatening their power. voice-verified

There were also much bigger philosophical questions at the same time, like voice-verified

Does this type of wheeling and dealing create a very short term vision of capitalism, which is potentially very bad for the economy overall? voice-verified

And if you are structuring this to assume that interest rates will always be low and growth will continue voice-verified

Is that creating a bunch of risks for the future? voice-verified

And what's fascinating is that those two questions are incredibly important right now, given that we've just had a period of ultra low rates and reasonable growth, and given there's real concern about short termism in a wider sense. voice-verified

Right. voice-verified

That's fascinating because in some ways the story of financial innovation is about somebody having a good idea which works well and often has real merit in the first few deals and then because it works everyone copies it and clones it. voice-verified

and takes it to extremes and applies it in areas where it shouldn't really be applied and things go horribly wrong. voice-verified

I mean that was the story of crediterivatives, story of LBOs, and the story of so much else. voice-verified

Um good ideas then go bad. voice-verified

So just to recap for our listeners, LBOs, you know, go through this massive frothy heyday of the nineteen eighties. voice-verified

Driven by the evangelizing zeal William Simon, who believes in free markets, and the fact you had this voice-verified

fairly specific set of historical circumstances coming together that paved the way. voice-verified

It produces big returns for investors. voice-verified

Some of those bloated conglomerates do become more efficient, but then it starts to go wrong. voice-verified

Because at the end of the 1980s, as I'm sure many of our audience might remember, Michael Milken, the father of the junk bond, voice-verified

um world is indicted for racketeering, securities fraud and insider trading, and his firm, Drexel Burnham Lambert, collapses. voice-verified

Showing 701–720 of 1,226 · page 36 of 62