Jay Powell
๐ค SpeakerAppearances Over Time
Podcast Appearances
I said at the time, I don't know that you can give a permanent ban to the president of the United States. When he had the opportunity to reevaluate that decision, you know what he did? He punted. He created a third-party organization to make the decision for him and deflected. Zuck created the oversight board.
He's so spineless, he decided, I'll create and give $150 million to this board to make these hard decisions for me. Instead of me making the decision, he has God voting shares of that company, Chamath. He controls it with an iron fist. And not only does he control it with an iron fist, he has put protective precisions in that so that his children could...
He's so spineless, he decided, I'll create and give $150 million to this board to make these hard decisions for me. Instead of me making the decision, he has God voting shares of that company, Chamath. He controls it with an iron fist. And not only does he control it with an iron fist, he has put protective precisions in that so that his children could...
take that $3.3 billion platform and own it forever. And he punted to them and said, I don't want to make these decisions. What I saw when he did that was, I don't want to be blamed for these decisions. And that is a lack of courage and morality in my estimation. And then the second he is threatened by Trump, he makes the opposite decision.
take that $3.3 billion platform and own it forever. And he punted to them and said, I don't want to make these decisions. What I saw when he did that was, I don't want to be blamed for these decisions. And that is a lack of courage and morality in my estimation. And then the second he is threatened by Trump, he makes the opposite decision.
And if he's making his decisions strictly on maximizing money, I don't respect that. I think he should make the decisions based on what he think is the moral. What is the point of being a billionaire or worth 100 billion or 200 billion if you don't get to say, I have you money, you, I'm going to do what I want. And that's what I think is his moral failure.
And if he's making his decisions strictly on maximizing money, I don't respect that. I think he should make the decisions based on what he think is the moral. What is the point of being a billionaire or worth 100 billion or 200 billion if you don't get to say, I have you money, you, I'm going to do what I want. And that's what I think is his moral failure.
And anybody giving him his flowers or championing him for this, I think it's just political expediency. And I think it's disgraceful. That's my feeling. Sorry. I have my own opinion.
And anybody giving him his flowers or championing him for this, I think it's just political expediency. And I think it's disgraceful. That's my feeling. Sorry. I have my own opinion.
No, not at all. He could have just hired lawyers and fought it. He didn't put up any fight. The second they told him to roll over and ban Trump, he did it. Zero fight from him.
No, not at all. He could have just hired lawyers and fought it. He didn't put up any fight. The second they told him to roll over and ban Trump, he did it. Zero fight from him.
Like I told you at the beginning of this, I'm basing it on his actions. He was not going to jail for banning Trump. If he didn't ban Trump or he gave him a six-month suspension, he would have been just fine.
Like I told you at the beginning of this, I'm basing it on his actions. He was not going to jail for banning Trump. If he didn't ban Trump or he gave him a six-month suspension, he would have been just fine.
I do give him the benefit of being a great business executive.
I do give him the benefit of being a great business executive.
Did they launch that or did Sergey kill the deal when Eric Schmidt proposed it? Well, that deal went live.
Did they launch that or did Sergey kill the deal when Eric Schmidt proposed it? Well, that deal went live.
No, they didn't go live. Sergey Brin, because of his upbringing in Russia, he went to the mat and said, on a moral basis, we're not going into China. And I've talked to Sergey about it. He did not want to go in there and compromise his own ethics. That's right. You're at full stop. So I don't think that Elon is the only outlier here. You're not right.
No, they didn't go live. Sergey Brin, because of his upbringing in Russia, he went to the mat and said, on a moral basis, we're not going into China. And I've talked to Sergey about it. He did not want to go in there and compromise his own ethics. That's right. You're at full stop. So I don't think that Elon is the only outlier here. You're not right.
And I just want to make sure that- Okay, tell us, when did, because the Dragon, it was called Project Dragon?