[Script Info] Title: [Events] Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text Dialogue: 0,0:00:01.00,0:00:03.64,Default,,0000,0000,0000,,Of all the characters\Nin all the Disney films Dialogue: 0,0:00:03.67,0:00:06.96,Default,,0000,0000,0000,,the one I love the most\Nis Jiminy Cricket from "Pinocchio." Dialogue: 0,0:00:07.71,0:00:09.77,Default,,0000,0000,0000,,My favorite scene in the movie Dialogue: 0,0:00:09.79,0:00:12.81,Default,,0000,0000,0000,,is when the blue fairy\Nis saying to Pinocchio, Dialogue: 0,0:00:12.83,0:00:15.48,Default,,0000,0000,0000,,"Always let your conscience\Nbe your guide." Dialogue: 0,0:00:15.50,0:00:17.85,Default,,0000,0000,0000,,Pinocchio asks, "What are conscience?" Dialogue: 0,0:00:17.88,0:00:20.48,Default,,0000,0000,0000,,and Jiminy Cricket\Nis scandalized by the question. Dialogue: 0,0:00:20.50,0:00:21.81,Default,,0000,0000,0000,,"What are conscience! Dialogue: 0,0:00:21.83,0:00:23.31,Default,,0000,0000,0000,,"What are conscience! Dialogue: 0,0:00:23.33,0:00:27.31,Default,,0000,0000,0000,,Conscience is that still, small voice\Nthat people won't listen to. Dialogue: 0,0:00:27.33,0:00:29.88,Default,,0000,0000,0000,,That's just the trouble\Nwith the world today." Dialogue: 0,0:00:30.71,0:00:34.14,Default,,0000,0000,0000,,I love the way Jiminy Cricket\Nis always there Dialogue: 0,0:00:34.17,0:00:37.23,Default,,0000,0000,0000,,with a nerdy, ethical thing Dialogue: 0,0:00:37.25,0:00:41.18,Default,,0000,0000,0000,,just as Pinocchio's coming up\Nwith some kind of good plan. Dialogue: 0,0:00:41.21,0:00:44.14,Default,,0000,0000,0000,,I think of him as speaking\Ntruth to puppet. Dialogue: 0,0:00:44.17,0:00:46.64,Default,,0000,0000,0000,,I always wondered what it was\Nabout Jiminy Cricket Dialogue: 0,0:00:46.67,0:00:48.10,Default,,0000,0000,0000,,that made me love him so much Dialogue: 0,0:00:48.12,0:00:49.39,Default,,0000,0000,0000,,and one day it hit me. Dialogue: 0,0:00:49.42,0:00:51.58,Default,,0000,0000,0000,,It was because he sounds\Nlike my grandfather. Dialogue: 0,0:00:52.67,0:00:55.81,Default,,0000,0000,0000,,My grandfather was\Na very sweet and cuddly man Dialogue: 0,0:00:55.83,0:00:58.29,Default,,0000,0000,0000,,and I loved him to the moon and back. Dialogue: 0,0:00:59.42,0:01:02.14,Default,,0000,0000,0000,,But I shared him with a big, wide world. Dialogue: 0,0:01:02.17,0:01:03.89,Default,,0000,0000,0000,,His name was Roy O. Disney, Dialogue: 0,0:01:03.92,0:01:06.52,Default,,0000,0000,0000,,and together with his younger\Nbrother Walt Disney, Dialogue: 0,0:01:06.54,0:01:10.39,Default,,0000,0000,0000,,he came from a very humble\Nupbringing in Kansas Dialogue: 0,0:01:10.42,0:01:14.79,Default,,0000,0000,0000,,and started and ran one of the most\Niconic businesses in the world. Dialogue: 0,0:01:15.83,0:01:18.73,Default,,0000,0000,0000,,Two things I remember the best\Nabout going to Disneyland Dialogue: 0,0:01:18.75,0:01:20.10,Default,,0000,0000,0000,,with my grandfather. Dialogue: 0,0:01:20.12,0:01:23.56,Default,,0000,0000,0000,,The first thing was\Nhe always gave me a stern warning Dialogue: 0,0:01:23.58,0:01:26.27,Default,,0000,0000,0000,,that if I ever sassed\Nanybody who worked there Dialogue: 0,0:01:26.29,0:01:28.67,Default,,0000,0000,0000,,I was in deep doo-doo when we got home. Dialogue: 0,0:01:30.25,0:01:32.35,Default,,0000,0000,0000,,He said, "these people work really hard -- Dialogue: 0,0:01:32.38,0:01:33.77,Default,,0000,0000,0000,,harder than you can imagine, Dialogue: 0,0:01:33.79,0:01:35.79,Default,,0000,0000,0000,,and they deserve your respect." Dialogue: 0,0:01:36.75,0:01:40.81,Default,,0000,0000,0000,,The other is that he never\Nwalked by a piece of garbage Dialogue: 0,0:01:40.83,0:01:42.98,Default,,0000,0000,0000,,inside of Disneyland or anywhere else, Dialogue: 0,0:01:43.00,0:01:45.31,Default,,0000,0000,0000,,where he didn't bend over to pick it up. Dialogue: 0,0:01:45.33,0:01:48.71,Default,,0000,0000,0000,,He said, "no one's too good\Nto pick up a piece of garbage." Dialogue: 0,0:01:50.08,0:01:51.43,Default,,0000,0000,0000,,In Grandpa's day, Dialogue: 0,0:01:51.46,0:01:53.96,Default,,0000,0000,0000,,a job at Disneyland was not a gig. Dialogue: 0,0:01:54.92,0:01:57.18,Default,,0000,0000,0000,,A person could expect to own a home, Dialogue: 0,0:01:57.21,0:01:58.81,Default,,0000,0000,0000,,raise a family, Dialogue: 0,0:01:58.83,0:02:01.43,Default,,0000,0000,0000,,access decent health care, Dialogue: 0,0:02:01.46,0:02:05.18,Default,,0000,0000,0000,,retire in some security without worrying Dialogue: 0,0:02:05.21,0:02:08.18,Default,,0000,0000,0000,,on just what he earned there at the park. Dialogue: 0,0:02:08.21,0:02:10.56,Default,,0000,0000,0000,,Mind you, Grandpa fought the unions, Dialogue: 0,0:02:10.58,0:02:11.96,Default,,0000,0000,0000,,and he fought them hard. Dialogue: 0,0:02:12.58,0:02:14.56,Default,,0000,0000,0000,,He said he didn't like to be forced Dialogue: 0,0:02:14.58,0:02:17.14,Default,,0000,0000,0000,,to do something\Nhe wanted to do voluntarily. Dialogue: 0,0:02:17.17,0:02:21.52,Default,,0000,0000,0000,,That was rank paternalism of course\Nand maybe even a tiny bit of BS. Dialogue: 0,0:02:21.54,0:02:23.12,Default,,0000,0000,0000,,He wasn't an angel, Dialogue: 0,0:02:23.92,0:02:27.06,Default,,0000,0000,0000,,and everyone wasn't well\Nand fairly treated across the company, Dialogue: 0,0:02:27.08,0:02:28.54,Default,,0000,0000,0000,,something that's well-known. Dialogue: 0,0:02:30.21,0:02:35.10,Default,,0000,0000,0000,,But I think in his core\Nhe had a very deep commitment Dialogue: 0,0:02:35.12,0:02:39.54,Default,,0000,0000,0000,,to the idea that he had a moral obligation\Nto every human being that worked for him. Dialogue: 0,0:02:40.42,0:02:44.67,Default,,0000,0000,0000,,That actually wasn't such an uncommon\Nattitude for CEOs of the day. Dialogue: 0,0:02:45.54,0:02:49.06,Default,,0000,0000,0000,,But when my grandfather died in 1971, Dialogue: 0,0:02:49.08,0:02:51.52,Default,,0000,0000,0000,,a new mindset was beginning to take hold Dialogue: 0,0:02:51.54,0:02:55.12,Default,,0000,0000,0000,,of the American and eventually\Nthe global imagination. Dialogue: 0,0:02:55.88,0:02:59.93,Default,,0000,0000,0000,,Jiminy Cricket got shown the door\Nby economist Milton Friedman, Dialogue: 0,0:02:59.96,0:03:01.23,Default,,0000,0000,0000,,among others, Dialogue: 0,0:03:01.25,0:03:04.25,Default,,0000,0000,0000,,who popularized the idea\Nof shareholder primacy. Dialogue: 0,0:03:05.17,0:03:10.33,Default,,0000,0000,0000,,Now, shareholder primacy is a pretty\Nreasonable idea when you think about it. Dialogue: 0,0:03:11.12,0:03:12.93,Default,,0000,0000,0000,,Shareholders own the company, Dialogue: 0,0:03:12.96,0:03:17.23,Default,,0000,0000,0000,,shareholders want profits and growth, Dialogue: 0,0:03:17.25,0:03:20.56,Default,,0000,0000,0000,,so therefore you prioritize\Nprofits and growth. Dialogue: 0,0:03:20.58,0:03:22.43,Default,,0000,0000,0000,,Very sensible. Dialogue: 0,0:03:22.46,0:03:26.98,Default,,0000,0000,0000,,But unfortunately, shareholder primacy\Nwas an idea that became a mindset Dialogue: 0,0:03:27.00,0:03:29.56,Default,,0000,0000,0000,,and then that mindset jumped the rails, Dialogue: 0,0:03:29.58,0:03:32.68,Default,,0000,0000,0000,,and it came to fundamentally\Nalter everything Dialogue: 0,0:03:32.71,0:03:35.18,Default,,0000,0000,0000,,about the way companies\Nand even governments Dialogue: 0,0:03:35.21,0:03:37.17,Default,,0000,0000,0000,,were led and managed. Dialogue: 0,0:03:38.33,0:03:41.73,Default,,0000,0000,0000,,Milton Friedman's pivotal op-ed\Nin the "New York Times" Dialogue: 0,0:03:41.75,0:03:47.56,Default,,0000,0000,0000,,was followed by decades\Nof concerted organizing and lobbying Dialogue: 0,0:03:47.58,0:03:49.52,Default,,0000,0000,0000,,by business-focused activists Dialogue: 0,0:03:49.54,0:03:54.43,Default,,0000,0000,0000,,along with a sustained assault\Non every law and regulation Dialogue: 0,0:03:54.46,0:03:59.08,Default,,0000,0000,0000,,that had once held businesses'\Nworst impulses in check. Dialogue: 0,0:03:59.92,0:04:01.23,Default,,0000,0000,0000,,And soon enough, Dialogue: 0,0:04:01.25,0:04:04.52,Default,,0000,0000,0000,,this new mindset had taken hold\Nacross every business school Dialogue: 0,0:04:04.54,0:04:06.04,Default,,0000,0000,0000,,and across every sector. Dialogue: 0,0:04:06.92,0:04:10.89,Default,,0000,0000,0000,,Profits were to be pursued\Nby any means necessary, Dialogue: 0,0:04:10.92,0:04:13.18,Default,,0000,0000,0000,,unions were kneecapped, Dialogue: 0,0:04:13.21,0:04:14.52,Default,,0000,0000,0000,,taxes were slashed, Dialogue: 0,0:04:14.54,0:04:15.85,Default,,0000,0000,0000,,and with the same machete, Dialogue: 0,0:04:15.88,0:04:17.98,Default,,0000,0000,0000,,so was the safety net. Dialogue: 0,0:04:18.00,0:04:20.27,Default,,0000,0000,0000,,I don't need to tell you\Nabout the inequality Dialogue: 0,0:04:20.29,0:04:22.38,Default,,0000,0000,0000,,that's been the result of these shifts. Dialogue: 0,0:04:23.04,0:04:25.02,Default,,0000,0000,0000,,We all know the story well. Dialogue: 0,0:04:25.04,0:04:28.98,Default,,0000,0000,0000,,The bottom line is that everything\Nthat turns a gig into a livelihood Dialogue: 0,0:04:29.00,0:04:32.02,Default,,0000,0000,0000,,was stripped away from an American worker. Dialogue: 0,0:04:32.04,0:04:33.35,Default,,0000,0000,0000,,Job security, Dialogue: 0,0:04:33.38,0:04:34.68,Default,,0000,0000,0000,,paid sick days, Dialogue: 0,0:04:34.71,0:04:36.02,Default,,0000,0000,0000,,vacation time -- Dialogue: 0,0:04:36.04,0:04:37.31,Default,,0000,0000,0000,,all of that went away Dialogue: 0,0:04:37.33,0:04:42.52,Default,,0000,0000,0000,,even as the wealthy saw their net worths\Nbloat to unprecedented, Dialogue: 0,0:04:42.54,0:04:45.39,Default,,0000,0000,0000,,and yes, unusable levels. Dialogue: 0,0:04:45.42,0:04:48.85,Default,,0000,0000,0000,,Although if you're Scrooge McDuck\Nyou could change it all into gold coins Dialogue: 0,0:04:48.88,0:04:50.17,Default,,0000,0000,0000,,and backstroke through it. Dialogue: 0,0:04:51.12,0:04:53.62,Default,,0000,0000,0000,,So let me just address\Nthe Dumbo in the room. Dialogue: 0,0:04:54.67,0:04:58.46,Default,,0000,0000,0000,,Yes, I am criticizing the company\Nthat bears my family's name. Dialogue: 0,0:04:59.54,0:05:01.71,Default,,0000,0000,0000,,Yes, I think Disney can do better. Dialogue: 0,0:05:02.38,0:05:06.56,Default,,0000,0000,0000,,And I believe that many of the thousands\Nof magnificent people Dialogue: 0,0:05:06.58,0:05:08.81,Default,,0000,0000,0000,,who work at the Walt Disney Company Dialogue: 0,0:05:08.83,0:05:11.96,Default,,0000,0000,0000,,wish that it would do better\Njust as much as I do. Dialogue: 0,0:05:12.83,0:05:14.68,Default,,0000,0000,0000,,For almost a century, Dialogue: 0,0:05:14.71,0:05:16.81,Default,,0000,0000,0000,,Disney has turned a pretty profit Dialogue: 0,0:05:16.83,0:05:20.60,Default,,0000,0000,0000,,on the idea that families\Nare a kind of magic, Dialogue: 0,0:05:20.62,0:05:22.85,Default,,0000,0000,0000,,that love is important, Dialogue: 0,0:05:22.88,0:05:24.67,Default,,0000,0000,0000,,that imaginations matter. Dialogue: 0,0:05:25.21,0:05:27.39,Default,,0000,0000,0000,,That's why it turns\Nyour stomach a little bit Dialogue: 0,0:05:27.42,0:05:30.93,Default,,0000,0000,0000,,when I tell you that Cinderella\Nmight be sleeping in her car. Dialogue: 0,0:05:30.96,0:05:33.88,Default,,0000,0000,0000,,But let's be very clear:\Nthis is not just about Disney. Dialogue: 0,0:05:35.17,0:05:38.27,Default,,0000,0000,0000,,This is structural and this is systemic. Dialogue: 0,0:05:38.29,0:05:41.85,Default,,0000,0000,0000,,No single CEO on his own is culpable Dialogue: 0,0:05:41.88,0:05:45.43,Default,,0000,0000,0000,,and no single company\Nhas the wherewithal to buck this. Dialogue: 0,0:05:45.46,0:05:46.98,Default,,0000,0000,0000,,The analysts, the pundits, Dialogue: 0,0:05:47.00,0:05:48.31,Default,,0000,0000,0000,,the politicians, Dialogue: 0,0:05:48.33,0:05:51.14,Default,,0000,0000,0000,,the business school curricula\Nand the social norms Dialogue: 0,0:05:51.17,0:05:54.48,Default,,0000,0000,0000,,drive the shape\Nof the contemporary economy. Dialogue: 0,0:05:54.50,0:05:57.06,Default,,0000,0000,0000,,Disney is just doing\Nwhat everybody else does, Dialogue: 0,0:05:57.08,0:05:59.02,Default,,0000,0000,0000,,and they're not even the worst offender. Dialogue: 0,0:05:59.04,0:06:03.60,Default,,0000,0000,0000,,If I told you how bad it was for workers\Nat Amazon or McDonald's or Walmart, Dialogue: 0,0:06:03.62,0:06:07.14,Default,,0000,0000,0000,,or any one of a thousand other places\Nyou've never heard of, Dialogue: 0,0:06:07.17,0:06:11.73,Default,,0000,0000,0000,,it's not going to hit you as viscerally\Nas if I tell you that 73 percent, Dialogue: 0,0:06:11.75,0:06:15.39,Default,,0000,0000,0000,,or three out of four of the people\Nwho smile when you walk in, Dialogue: 0,0:06:15.42,0:06:18.06,Default,,0000,0000,0000,,who help you comfort that crying baby, Dialogue: 0,0:06:18.08,0:06:21.68,Default,,0000,0000,0000,,who maybe help you have the best\Nvacation you ever have, Dialogue: 0,0:06:21.71,0:06:24.17,Default,,0000,0000,0000,,can't consistently put food on the table. Dialogue: 0,0:06:25.17,0:06:27.46,Default,,0000,0000,0000,,It's supposed to be\Nthe happiest place on earth. Dialogue: 0,0:06:28.58,0:06:31.85,Default,,0000,0000,0000,,And the people who work there\Ntake incredible pride Dialogue: 0,0:06:31.88,0:06:34.56,Default,,0000,0000,0000,,that they pursue a higher purpose. Dialogue: 0,0:06:34.58,0:06:35.85,Default,,0000,0000,0000,,It's a higher purpose Dialogue: 0,0:06:35.88,0:06:39.85,Default,,0000,0000,0000,,that both my grandfather\Nand great-uncle very intentionally built Dialogue: 0,0:06:39.88,0:06:44.33,Default,,0000,0000,0000,,when they made it a place that honors\Nan interaction over a transaction. Dialogue: 0,0:06:45.62,0:06:48.60,Default,,0000,0000,0000,,Now, I know that a word like magic\Nmakes you wonder Dialogue: 0,0:06:48.62,0:06:50.50,Default,,0000,0000,0000,,if I've taken leave of my senses. Dialogue: 0,0:06:51.42,0:06:55.27,Default,,0000,0000,0000,,I know it's hard to imagine\Nthat something as ephemeral as love Dialogue: 0,0:06:55.29,0:06:58.35,Default,,0000,0000,0000,,can support a brand as big as Disney, Dialogue: 0,0:06:58.38,0:07:00.18,Default,,0000,0000,0000,,and I know that it's hard to imagine Dialogue: 0,0:07:00.21,0:07:04.85,Default,,0000,0000,0000,,that things as unquantifiable\Nas moral obligations Dialogue: 0,0:07:04.88,0:07:06.52,Default,,0000,0000,0000,,should have any call on us Dialogue: 0,0:07:06.54,0:07:09.92,Default,,0000,0000,0000,,when we seek to deliver\Nvalue to our investors. Dialogue: 0,0:07:10.96,0:07:14.88,Default,,0000,0000,0000,,But accounting and finance\Ndon't run the world. Dialogue: 0,0:07:15.75,0:07:17.23,Default,,0000,0000,0000,,Beliefs, Dialogue: 0,0:07:17.25,0:07:18.60,Default,,0000,0000,0000,,mindsets -- Dialogue: 0,0:07:18.62,0:07:21.14,Default,,0000,0000,0000,,those are what drive business ethics. Dialogue: 0,0:07:21.17,0:07:24.56,Default,,0000,0000,0000,,And if we're going to change\Nthose mindsets and belief systems, Dialogue: 0,0:07:24.58,0:07:27.77,Default,,0000,0000,0000,,we're going to have to use the most\NDisney superpower out there. Dialogue: 0,0:07:27.79,0:07:30.48,Default,,0000,0000,0000,,We're going to have to use\Nour imaginations. Dialogue: 0,0:07:30.50,0:07:33.75,Default,,0000,0000,0000,,You're going to have to invite\NJiminy Cricket back to the party. Dialogue: 0,0:07:35.12,0:07:38.38,Default,,0000,0000,0000,,Now, Jiminy Cricket might start\Nwith some low-hanging fruit, Dialogue: 0,0:07:39.33,0:07:41.60,Default,,0000,0000,0000,,like, greed is not good, Dialogue: 0,0:07:41.62,0:07:45.60,Default,,0000,0000,0000,,like the world is not divided\Ninto makers and takers, Dialogue: 0,0:07:45.62,0:07:47.23,Default,,0000,0000,0000,,and that nobody ever, Dialogue: 0,0:07:47.25,0:07:48.52,Default,,0000,0000,0000,,without any help, Dialogue: 0,0:07:48.54,0:07:50.81,Default,,0000,0000,0000,,pulled themselves up\Nby their own bootstraps -- Dialogue: 0,0:07:50.83,0:07:53.96,Default,,0000,0000,0000,,if you know anything about physics\Nyou'll understand why that is. Dialogue: 0,0:07:55.21,0:07:59.02,Default,,0000,0000,0000,,Jiminy might remind us that every\Nsingle person who works for us, Dialogue: 0,0:07:59.04,0:08:00.85,Default,,0000,0000,0000,,without exception, Dialogue: 0,0:08:00.88,0:08:02.85,Default,,0000,0000,0000,,whether they fill out the spreadsheets Dialogue: 0,0:08:02.88,0:08:04.60,Default,,0000,0000,0000,,or change the bedsheets, Dialogue: 0,0:08:04.62,0:08:08.60,Default,,0000,0000,0000,,deserves the respect\Nand dignity of living wage. Dialogue: 0,0:08:08.62,0:08:10.46,Default,,0000,0000,0000,,It's as simple as that. Dialogue: 0,0:08:10.92,0:08:14.56,Default,,0000,0000,0000,,And Jiminy might wonder\Nhow managers and employees Dialogue: 0,0:08:14.58,0:08:19.18,Default,,0000,0000,0000,,could possibly have any kind\Nof empathy for each other Dialogue: 0,0:08:19.21,0:08:22.85,Default,,0000,0000,0000,,when their workplaces\Nhave become so segregated Dialogue: 0,0:08:22.88,0:08:25.14,Default,,0000,0000,0000,,that it seems normal and natural Dialogue: 0,0:08:25.17,0:08:28.81,Default,,0000,0000,0000,,that an executive needs\Nan especially swanky place to park Dialogue: 0,0:08:28.83,0:08:30.89,Default,,0000,0000,0000,,or eat or go to the bathroom Dialogue: 0,0:08:30.92,0:08:35.06,Default,,0000,0000,0000,,or that an executive is too good\Nto pick up a piece of garbage. Dialogue: 0,0:08:35.08,0:08:40.25,Default,,0000,0000,0000,,We are, after all, just the one species\Nliving together on just the one planet. Dialogue: 0,0:08:41.29,0:08:45.68,Default,,0000,0000,0000,,Jiminy might ask us\Nto question some of our dogma. Dialogue: 0,0:08:45.71,0:08:50.52,Default,,0000,0000,0000,,Does a CEO really need to be paid\Nas much or more than every other CEO Dialogue: 0,0:08:50.54,0:08:52.98,Default,,0000,0000,0000,,or is that just creating\Na competitive dynamic Dialogue: 0,0:08:53.00,0:08:55.25,Default,,0000,0000,0000,,that's driving numbers\Ninto the stratosphere? Dialogue: 0,0:08:56.21,0:09:00.35,Default,,0000,0000,0000,,He might wonder if boards really do know\Nall that they really need to know Dialogue: 0,0:09:00.38,0:09:03.54,Default,,0000,0000,0000,,when they don't have frontline workers\Never at their meetings. Dialogue: 0,0:09:04.71,0:09:07.83,Default,,0000,0000,0000,,He might ask if there's such a thing\Nas too much money. Dialogue: 0,0:09:08.75,0:09:12.23,Default,,0000,0000,0000,,Or he might wonder\Nif maybe we can make common cause Dialogue: 0,0:09:12.25,0:09:14.27,Default,,0000,0000,0000,,with consumers, with workers, Dialogue: 0,0:09:14.29,0:09:16.18,Default,,0000,0000,0000,,with companies, with communities, Dialogue: 0,0:09:16.21,0:09:18.02,Default,,0000,0000,0000,,for all of us to come together Dialogue: 0,0:09:18.04,0:09:21.89,Default,,0000,0000,0000,,to redefine this incredibly narrow idea Dialogue: 0,0:09:21.92,0:09:24.96,Default,,0000,0000,0000,,of what the purpose\Nof a company really is. Dialogue: 0,0:09:26.46,0:09:31.35,Default,,0000,0000,0000,,Jiminy would want us to remember\Nthat nobody works in a vacuum, Dialogue: 0,0:09:31.38,0:09:33.77,Default,,0000,0000,0000,,that the men and women who run companies Dialogue: 0,0:09:33.79,0:09:38.18,Default,,0000,0000,0000,,actively cocreate the reality\Nwe all have to share. Dialogue: 0,0:09:38.21,0:09:40.39,Default,,0000,0000,0000,,And just like with global warming, Dialogue: 0,0:09:40.42,0:09:44.39,Default,,0000,0000,0000,,we are, each of us, responsible\Nfor the collective consequences Dialogue: 0,0:09:44.42,0:09:47.12,Default,,0000,0000,0000,,of our individual decisions and actions. Dialogue: 0,0:09:48.42,0:09:51.77,Default,,0000,0000,0000,,I believe that the most profitable\Nbusiness ecosystem Dialogue: 0,0:09:51.79,0:09:53.14,Default,,0000,0000,0000,,in the history of the world Dialogue: 0,0:09:53.17,0:09:54.43,Default,,0000,0000,0000,,can do better. Dialogue: 0,0:09:54.46,0:09:58.23,Default,,0000,0000,0000,,I believe we can take\Njust a little bit off of the upside, Dialogue: 0,0:09:58.25,0:10:02.60,Default,,0000,0000,0000,,take a tiny bit of pressure off\Nthe speed at which things are happening. Dialogue: 0,0:10:02.62,0:10:05.52,Default,,0000,0000,0000,,I believe that everything\Nwe lose in the short-term Dialogue: 0,0:10:05.54,0:10:07.35,Default,,0000,0000,0000,,will more than make up for itself Dialogue: 0,0:10:07.38,0:10:13.00,Default,,0000,0000,0000,,in an expanded landscape of moral,\Nspiritual and financial prosperity. Dialogue: 0,0:10:13.88,0:10:16.14,Default,,0000,0000,0000,,I know what the cynics say, and it's true: Dialogue: 0,0:10:16.17,0:10:18.18,Default,,0000,0000,0000,,you can't eat your principles. Dialogue: 0,0:10:18.21,0:10:20.73,Default,,0000,0000,0000,,But you can't breathe\Na basis point either, Dialogue: 0,0:10:20.75,0:10:22.21,Default,,0000,0000,0000,,and neither can your children. Dialogue: 0,0:10:23.12,0:10:26.73,Default,,0000,0000,0000,,I know I idolized my grandfather\Nprobably too much. Dialogue: 0,0:10:26.75,0:10:28.93,Default,,0000,0000,0000,,He worked in very different times Dialogue: 0,0:10:28.96,0:10:31.31,Default,,0000,0000,0000,,and those are times\Nnone of us want to go back to Dialogue: 0,0:10:31.33,0:10:33.68,Default,,0000,0000,0000,,for all kinds of good reasons. Dialogue: 0,0:10:33.71,0:10:36.93,Default,,0000,0000,0000,,I know there are a lot of CEOs today\Nwho are just as well-meaning Dialogue: 0,0:10:36.96,0:10:39.73,Default,,0000,0000,0000,,and just as decent as my grandfather was, Dialogue: 0,0:10:39.75,0:10:42.89,Default,,0000,0000,0000,,but they're working at a time\Nwith very different expectations Dialogue: 0,0:10:42.92,0:10:45.25,Default,,0000,0000,0000,,and much more cutthroat context. Dialogue: 0,0:10:45.96,0:10:47.64,Default,,0000,0000,0000,,But here's the good news. Dialogue: 0,0:10:47.67,0:10:51.31,Default,,0000,0000,0000,,Expectations and contexts are made Dialogue: 0,0:10:51.33,0:10:53.56,Default,,0000,0000,0000,,and they can be unmade too. Dialogue: 0,0:10:53.58,0:10:56.56,Default,,0000,0000,0000,,There is so much to learn\Nfrom the simple integrity Dialogue: 0,0:10:56.58,0:10:59.79,Default,,0000,0000,0000,,of how my grandfather\Nunderstood his job as CEO. Dialogue: 0,0:11:00.62,0:11:03.98,Default,,0000,0000,0000,,Behind every theme park\Nand every stuffed animal, Dialogue: 0,0:11:04.00,0:11:06.96,Default,,0000,0000,0000,,a handful of principles\Ngoverned everything. Dialogue: 0,0:11:07.75,0:11:11.92,Default,,0000,0000,0000,,Every single person\Ndeserves respect and dignity. Dialogue: 0,0:11:13.04,0:11:16.77,Default,,0000,0000,0000,,No one is too good\Nto pick up a piece of garbage, Dialogue: 0,0:11:16.79,0:11:19.96,Default,,0000,0000,0000,,and always let conscience be your guide. Dialogue: 0,0:11:20.79,0:11:24.52,Default,,0000,0000,0000,,We could all do worse\Nthan listen to Jiminy Cricket. Dialogue: 0,0:11:24.54,0:11:25.79,Default,,0000,0000,0000,,Thank you.