Satya Nadella, Chairman and CEO of Microsoft, says a multinational company’s license to do business is earned by creating “local surplus” wherever it operates. In this episode, Brad and Satya unpack what this means, how it connects to the company’s mission, the responsibility that companies have to create inclusive growth, and how software is one of the biggest deflationary forces during inflationary times.

Satya Nadella is Chairman and Chief Executive Officer of Microsoft. Before being named CEO in February 2014, Nadella held leadership roles in both enterprise and consumer businesses across the company. Joining Microsoft in 1992, he quickly became known as a leader who could span a breadth of technologies and businesses to transform some of Microsoft’s biggest product offerings. Most recently, Nadella was executive vice president of Microsoft’s Cloud and Enterprise group. In this role he led the transformation to the cloud infrastructure and services business, which outperformed the market and took share from competition. Previously, Nadella led R&D for the Online Services Division and was vice president of the Microsoft Business Division. Before joining Microsoft, Nadella was a member of the technology staff at Sun Microsystems. Originally from Hyderabad, India, Nadella lives in Bellevue, Washington, with his family. He earned a bachelor’s degree in electrical engineering from Mangalore University, a master’s degree in computer science from the University of Wisconsin – Milwaukee and a master’s degree in business administration from the University of Chicago. Nadella serves on the board of trustees to his alma mater the University of Chicago, as well as the Starbucks board of directors.

Click here for the episode transcript.