Banks
Bank of America

Charlie Rose interviewing Brian Moynihan, CEO Bank of America ... 170921

Burgess COMMENTARY
On Thursday. September 21, Charlie Rose in a conversation with Brian Moynihan, the CEO of Bank of America (BoA) spent time talking about US GDP growth and its importance for economic performance without once referencing the damage to the environment that economic growth causes. Moynihan also said several times that BoA's quarterly profits were running at US$5 billion ... or $20 billion and year ... and later proudly mentioned that Bank of America has committed $150 million to CSR initiatives. Sorry ... but this suggests that the management of BoA have a singular focus on profit and little understanding of the existential risks associated with business externalities like the impact on society and the environmental and sustainability in general ... ably enabled by Charlie Rose who rarely engages with the big issues of society and the environment, and to the extent that he does, it is agonizingly superficial!
Peter Burgess