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tv   Bloombergs Studio 1.0  Bloomberg  June 30, 2018 11:00pm-11:30pm EDT

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like immigration and same sex ocial clubs and raising record amounting amounts of capital. ivy y proving that an league legislation is worth the cross. passed the tomp she
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opened up about her next chapter. outgoing harvard faust.ent drew emily: you've been president for 10 years, this is your last year. feel. you is it bittersweet? >> i feel really good about it. a presidency ike has a certain rhythm. agenda move through an and accomplish things, and work together with people. eyes, od to have fresh and someone with another agenda carrying your agenda forward and bringing new skills, approaches and energies to it. feel terrific about what we accomplished. first woman re the president of harvard. when you took over you said i'm harvard.dent of not harvard's woman president. why was it important to say that? >> i felt people would label me s special or in a different
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category or i was there only woman.e i was a >> i didn't want to do that. i wanted to make clear at the real and full and omplete a president of harvard as my 27 predecessors. i had an incerdible experience. i had letters and messages from little girls all over the world meant to themh it that there was a woman president of harvard. ultimately, to be both the woman president of be, perhaps, ould an inspiration or model for but i ll over the world, wanted to make sure that people understood that i was as much as of harvard as anyone else that was a president, with an asterisk or special status. >> i would love for all the little girls watching to learn got there. you were born in new york city, raised in virginia, you had
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brothers, what was that like? farm. rew up on a i was a tom boy, i enjoyed i played false, and war with my brothers, i always was aware na there were that they had that i didn't, and things were expected lacy in terms of wearing dresses at appropriate times and exhibiting a demeanour that always seemed to be consistent and boisterous as my brothers were allowed to be. sense early on that girls were given certain oles in that society, in virginia, in the 1950s, and i was not comfortable with being such a role. >> what did you belief about hat women could and could not achieve? >> i did not have many models of workforce or had careers, my mother didn't finish
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high school, my grandmother was a force in her own right. he wasn't someone that works throughout the home. i didn't have many indications f what was possible for women, and the expectation for me was mary would find a man to and become a housewife and raise a family. > how did you break out of that? >> i was good in school. i loved school. if i pursued my educational me to collegetook and a world where different expectations prevailed. i went to bernmark veg and aught by powerful intellectuals, school aftics, cademic women and began to see possibilities in their lives that i was object imagine for my own. firsts, the first harvard president without a degree. you went to benmark and the niversity of pennsylvania, and
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became a history professor. >> i was very much a student college and very human d in politics, right issues, vietnam war. challenging the world, having an in the world. when i graduated from college, i with the two years don't of housing. to maybe move in urban planning or some area my ling me to carry on concerns about public service and changing the world. missed intellectual life. and ideas, and the kind of of ae that is at the other university. so i applied to graduate school at penn. went back and got a ph.d. at and that led me to a faculty position that i held for years. >> you wrote six books, tell me about that. i became a historian of the
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american south and asked too distant to questions i asked as a young child. about people was who defended slavery. unthinkable.so and couldn't imagine how people came to convince themselves that was a position that was justified, or acceptable. i think i was projecting some of my questions about who had embraced segregation in my own home i was growing up in virginia in the 1950s. makes people defend the indefensible. and what makes change. you must have strong opinions about how president donald trump spoke about some of the civil heroes, or not heroes, and the monument. interesting an moment with civil war memory and the challenges that have been
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monuments, and accounting for the past. it's a healthy moment. understand what our history has been, and to understand that the civil war in which a whole section of the country was defending, in favor of the system of slavery. i think we have hidden from that nation, and to bring out those divisions, and nderstand them fully, and the context in which race relations operate is a very important dimension of moving forward as a nation. you think the monuments and statues should come down. varies.ink it >> many of them should. others that perhaps we could or explain. >> how does one get from civil historian to first woman president of harvard. of the about being part university over a long serd of time. of time. g period
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and living a life where i came oll realize the wonder of education, and opening minds and ontributing to the growth and flourishing of individual talent. and thinking about universities places where people pursue ruth and challenge accepted wisdom, and devote themselves to learning and scholarship. had come to believe that the most es are among important institutions in our society, and i began to be to take on leadership from penn to e harvard to be the head of the rech which issate institute of study, which had been made a part of harvard from there i d wept on to become president. >> does being the first woman part of it. the woman part of the equation, come within extra
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pressure or sense of responsibility? me. lot of eyes were on and would i be able to do it. nd what would that say about women generally, but could a woman do this job. would have young women beaming at me. people i didn't know just would the biggest smiles as if to sigh "you go girl, it's for throughout i felt that i could, perhaps, be the ind of role models that i didn't initially have when i was a child, but found in professors i got to college and saw women doing extraordinary thinks. a men to that. you go girl. what do you see as your biggest success. i made the university a more open place, have expanded people from all kinds of backgrounds. oints of view, economic circumstances, and made harvard more affordable and open. also made it a place that
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as felt more welcoming and inclusive, once they got there. place where women would not feel they were there on suf from less udents advantaged backgrounds would be there on the margins, but this their harvard too, and they owned them any more than they kinds of tional students, who might be there. that we e to make sure attract the best talent. affordability is important. important. ♪
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emily: the most often success for a school president is the money raised. mets or succeeded goals, then do youment is $38 billion, think it's the best measure of success for your field? all., i don't at
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it is important to have the resources to accomplish what you to accomplish. it depends what are you going to resources for. enabler. n the income that it generates invest: 35 or 36% of their operating budget. billion of dollars are working capital that are income that they apply to the activities. f research teaching financial aid, buildings. the chunk that s a big funds the volley. have been quiet about the strategy and what they care about. there's a movement within the tech. could do funding
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diversity. venture capital. or whobout making money, you are giving that money too. e had a position articulated for fully. a policy that the ndaument is about funding the core mission of the university, which is teaching and research. that is meant d to be a social intervention fund. and so we have not divested in pressures put upon us. we have not used the endowment weapon or tool. in part, the logic of that is and how manyissues of them. what are the priorities, would fossil fuels, diversity. ther kinds of admirable
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concerns that might distract from our core business is. teaching and ng, research. the cost we bring down of higher education, that is under ng we need to get control and address more fully. that. logy will help with what can we do online to certain t and replace parts of instruction, so we can needto people the parts we people for. some of that will be coming forward. constraining costs will be a change for all of higher education. emily: a lot of companies are rying to disrupt higher education, how do you respond to that. we attract ake sure the best talent. affordability is important. the strength of being in that ommunity, living in the
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community with other students from whom you learn probably as learn in any class of take, that is the core what a harvard education is. residential dimensions are full ial for the experience of what it can be. hat is not going to be disruptive by an online experience. >> you are not bumping into corridor and finding they challenge you in ays you never expected or the bays they are different from -- ways they are different from you. understanding of the world. that is an important part of outside ens inside and the classrooms. sense that 's a stamford has surpassed harvard and it comes to technology becoming a feeder for the biggest and powerful companies
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world. is that a fair assessment? >> of course not. of course not. we are different united nations, great hink that's the strength. their different emfaceies and pportunities that institutions like stamford and harvard can offer. and have a to sit stamford-harvard competition and "we are so good at this." we have a growing presence in technology, and fields of engineering. in ents concentrating engineering have tripled. paying n area we are more attention. deep-seeded strength in life sciences, in art and a y and the commitment to social sciences, that are not ours involved in technology, and we successfully with
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stamford for students and faculty. we very pleased to be harvard remain harvard. we want to support the needs of but we don't s, think that these separate rganizations are the way to accomplish what needs to be done. ♪
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emily: what is harvard doing differently to train the worker tomorrow. doyou think harvard needs to anything different to arm workers with a skill to succeed technology.n >> there has been changes with education.oached we find our curriculum much more oriented and our students more eager for a hand-on experience. to be many more internships or public service tied into es
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curricul offerings, going and thinking are intertwined more closely. one of things i've been following is harvard's crackdown single sex clubs. and harvard has had a tradition all-male clubs and more recently all-female clubs sprung up u i'm curious how your position evolved over your at harvard and led you to the decision that this needed to big way? a >> the issues surrounding final into my consciousness lmost as soon as i arrived at harvard when i became dean. debated about the centrality. club. by the time i bim president. i have been hearing about the of many years.
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earing about them also increasingly. fter the dean of the college was head of the graduate houses, worried about un survived drinking. and they were a constant drum beat of issues. and any quality. a policy that ed became a matter of great debit dispute. > and welcome women into full citizenship. and management much value and spaces should no tom nate student life. >> what is the policy as it
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stands. if you choose to join one of the social organizations, certain matters. they are funded in part by college, and that you ill not be given the dean's recommendations for certain fellowships and other honours. protests andlot of unfairly t say this targets women. had and men will be part of the finals clubs have had. to women ur response disenfranchises them. women process is about that grew up with exclusion from organization, but there
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were differentiation, and the ower to support the organizations, and the centrality to student life of aose organizations, they were kind of second-class status within student life. we have been concerned about the women feel they needed separate spaces for themselves. organizations will join. ue and allow men to they'll have their own activities within the organization, and we want to the needs of women on we don't thing the separate organizations are the to accomplish what needs to be down. somehow should it be given special status. they cannot discriminate on the of race or gender or.
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any other discriminatory basis, they can discriminate on whether can sing well enough to get well hem or play football enough. aof ve a vert organizations -- variety of rganizations, it can't be derived from an accident of birth. > what do you think of your successor, and what do you hope he will accomplish? > i am delighted by his appointment. larry when io know was becoming president. dinner at the o president's house of tuff, july 1, 2006. first day. he cooked dipper and talked -- dinner, and talked about being president and offered to help. friends and good spent a good deal of time
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together. i'd come to him with problems. when the final crisis happened or. onsulted each he joined the consulting authority. 've been the benefit of his wisdom in that group. i'm delighted his experience and carry forward harvard's next chapter. >> what do you think will be the biggest challenge for your uccessor and harvard in the political atmosphere we are in today. >> the cost of higher education, to make it accessible and affordable. president thing any will have to attend to. another element is there's and hostility emerge of course, a sense that higher is not serving a broad public, but a place like harvard too elite. reach out beyond our
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more and explain what we are going to improve the lives of people around the world. hat's an importance agenda item. >> what is next for you? learn nt to see if i can to be a historian again. mean writing another book. >> i hope so. year, a sabbatical next i'll investigate some of those and see might work. to y: what's your advice future women leaders or women that want to be leaders. what a great question. believe in yourself. you to t anyone cause doubt yourself. emily: all right. outstanding president of harvard university, today ou for joining us it's really an honour.
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host: he has been one of the world's best basketball players for nearly two decades. dwayne wade sees even more success ahead. >> basketball is the stepping tone to get to the next thing, and the next thing. bloomberg's business debriefly, wade speaks about the created in ne he mainly. > we are in a position where players understand that power. host: he talks about the portfolio he is building. >> i want to build a lifestyle brand. host: and he looks ahead to his legacy beyond the game. just want my legacy to be a part of the

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