Working Capital Conversations

Today – a special edition of our sister podcast "Call In," which explores Inclusive Leaderships – when to call in, and when to call out.

Our guest was Julian Francis, President and CEO of Beacon Building Products – the largest publicly traded distributor of roofing materials and complementary building products in the U.S. and Canada.

A key component of the way Julian advances business success is through empathetic leadership, connecting a human understanding of each employee to the realities of what it takes to succeed in a competitive business environment.

We also discuss the specific, tangible ways that Julian brings his leadership philosophy to life: Discover ways to generate actionable opportunities for members of underrepresented groups, how to help employees balance personal and work needs, and learn about their innovative campaign for putting people first.

You can find the Call In podcast, co-hosted with Dr. Alexandria White, at callinpodcast.com.

For anyone fortunate to come home to a familiar space, we can forget the compounding difficulty of homelessness. A home represents stability, and in the wake of the COVID 19 pandemic, homelessness was made even worse.

Mary Kay Orr, the Executive Director of Nazareth Housing, wanted to address the problem of homelessness in New York in a meaningful way. Nazareth Housing is a community-based nonprofit serving vulnerable families and individuals in crisis. For almost 40 years Nazareth has helped families to unlock their potential, build pathways out of poverty, and avoid homelessness — helped them realize, as Orr puts it, "a mosaic of what life can be."

Orr came to the organization after 25 years working in financial services on Wall Street. Her work has illuminated the nuance between serving others and helping them, respecting their fundamental dignity and giving individuals the tools to advance their own lives. She has seen that homelessness has multiple root causes and that any gesture of compassion and volunteering contributes to making a meaningful difference.

As global and domestic businesses enter a new and potentially-fraught economic environment, the relationship between the U.S. government and American business – always evolving – will face new challenges: Inflation, fair trade vs. free trade, China, protectionism, labor, supply chains, taxes, and of course, the massive humanitarian devastation and economic dislocation from Russia’s attack on Ukraine.

So how can – and should – government and business work together to maximize American competitiveness, navigate these shifting dynamics, and manage the tensions underlying global trade today?

U.S. Rep. Stephanie Murphy has a point of view. Murphy represents a Central Florida district that covers much of downtown and northern Orlando, and other cities. She serves on the House Ways and Means Committee and Armed Services Committee. She also is a co-chair of the Blue Dog Coalition, an official caucus in the U.S. House of Representatives comprised of 19 self-described “centrist” and “fiscally-responsible Democrats.”

We wanted to know from Murphy: How should Washington, DC and the business world interact, and what could they learn from each other?

Of all human tools and inventions, few are as essential, complicated and stigmatized as money. In particular, financial technologies and concepts have often spurred growth, investment and powerful advancements around the globe.

Maja Lapcevic brings a masterful understanding to the fintech space and these concepts. She is Senior Vice President, Mastercard Foundry Innovation Management & Marketing, where she leads Mastercard Lab’s Global Innovation Programs, the Mastercard Foundry Marketing team including Mastercard Experience Centers, and product portfolios for Data & Services as well as various dedicated innovation relationships. On a fundamental level, her work helps strengthen the trust, credibility and reliability that are essential to a thriving financial system, including helping government representatives learn about emerging technologies like crypto-currencies and NFTs, as well as working with startups globally to grow and scale their business.

Throughout nearly the entirety of human history, we have accepted a simple truth: A person’s genetic makeup is beyond one’s choice. Until now.

In 2020, the Nobel Prize in Chemistry was awarded to Emmanuelle Charpentier and Jennifer Doudna for the development of CRISPR, a method for genome editing. CRISPR may change everything -- and land us in a world previously imaginable only in science fiction.

CRISPR can be wonderful and incredible. It may eliminate a child’s susceptibility to a genetic condition, such as cleft lip or cystic fibrosis or devastating disease. Imagine that. However, it also makes it possible to choose a child’s height or hair color. With these and other possibilities, the moral and ethical implications are important and immense.

The race to discover CRISPR was one of the great science tales of the 21st century, a cross-continent battle of discovery and speed. So how did CRISPR arrive? And more importantly, where might it take us?

Walter Isaacson is one to tell that story -- a professor of history at Tulane, he has been CEO of the Aspen Institute, chair of CNN, and editor of Time. He has written numerous No. 1 best-selling books, including on Leonardo DaVinci, Steve Jobs, Albert Einstein, and Ben Franklin, each one of the great creators of their time, who transformed not only their fields, but also the way humans connect -- offering new ways to think about and engage in meaningful human interaction.

Isaacson’s latest book is The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race. It’s part mystery, part science, part personal, and completely compelling. Isaacson details the discovery of the CRISPR method and tells the story of the groundbreaking, female scientists who revolutionized the world.

By now we know what went wrong in the response to the most devastating pandemic in a century. Mistakes were legion and many of the world’s biggest drug and vaccine makers were slow to react or couldn’t muster effective responses.

“A Shot to Save the World: The Inside Story of the Life-or-Death Race for a Covid-19 Vaccine” by award winning Wall Street Journal reporter and bestselling author Gregory Zuckerman is the untold story of what went right.

It’s a riveting business, science, and public sector chronicle of the scientists' epic sprint to create Covid-19 vaccines, fulfilling decades of unheralded yet revolutionary work on messenger RNA, virology, immunology, and more.

As Founder, Chairman, Chief Executive Officer, and Partner over his three-decade career at CD&R, Joseph L. Rice, III shaped an institution grounded in a set of core values with integrity at the center. Joe spent the major portion of his business career in private equity and is recognized for his emphasis on ethical decision-making.

The Joseph L. Rice, III Faculty Fellowship is supported by a fund CD&R established in 2012 (The Fellowship Fund) to honor Joe’s contributions to the Firm and the private equity industry. The Fellowship Fund supports academic activity focused on the study of values, integrity, and leadership in business.

Professor Hsieh is the third HBS professor to be a Joseph L. Rice, III Faculty Fellow. In addition he is the Kim B. Clark Professor of Business Administration at HBS and Director of the Edmond J. Safra Center for Ethics at Harvard University. His research concerns ethical issues in business and the responsibilities of global business leaders.