Innovation and Wealth: Forces for Good

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What's working on purpose anyway? Each
week we ponder the answer to this question.

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People ache for meaning and purpose at
work, to contribute their talents passionately

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and know their lives really matter.
They crave being part of an organization that

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inspires them and helps them grow into
realizing their highest potential. Business can be

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such a force for good in the
world, elevating humanity. In our program,

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we provide guidance and inspiration to help
usher in this world we all want

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Working on Purpose. Now Here is
your host, Doctor Elise Cortes. Welcome

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back to the Working on Purpose Program. Thanks for tuning in again this week.

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I'm your host, Doctor Release Cortes, joining you live from Dallas,

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Texas, which is home base for
me. If you've been tuning in for

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a while, you know this program
as a thought leadership series that enlightens and

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inspires listeners with insights from distinguished business
leaders and subject matter experts. Our conversations

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are designed to make you think,
inspire you to ever reach for cultivating your

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best and take an informed approach toward
leadership and business. Our guest today is

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jsh Bodik, who is the co
founder of Sony Entertainment Television a major television

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network of Sony Pictures Entertainment, which
he successfully exited in twenty thirteen. He

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is a senior advisor to Jungle Ventures, a Panasian venture capital technology fund based

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in Singapore, and he's the author
of What Shall We Do With All This

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Money? Inspiring Perspectives on Wealth.
We'll be talking about how he rose in

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his career and what he learned along
the way. Here about a few people

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in this book who have inspiring stories
about wealth and a few of the things

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he's pouring himself into today. He
joined today from Singapore. JS. Welcome

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to Working on Purpose. Thank you, doctor Elius Cortez. Such a pleasure.

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I'm in Singapore. It's seven o'clock
in the morning. Yeah, and

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it's actually Monday night at six pm
here in Dallas. It's wonderful that we

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can bridge time and place, isn't
it is? Thank you so much.

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Yeah, it's such a pleasure to
have you. So looking forward to having

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you share yourself and your delightful career
and what you're up to with our listeners.

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And let's start if we can.
In our first conversation we were talking

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about all the things that you've been
up to and where you've come from,

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and I think it's wise to start
with your own story of where you came

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from. And I think you know
that I'm an identity researcher, so I

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think a lot about how coming from
the things that you think are important about

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yourself come into play when you do
an introduction. So if you'll start there

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with your story, okay, look
forward. So, first of all,

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thank you so much for inviting me
on this talk show. I grew up

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in a lower middle class family in
Calcutta. Calcutta is a city, is

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a big city on the east coast
of India. Very humble beginnings, you

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know. I remember the day we
brought a refrigerator at home and as I

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grew up, all through my growing
up days, we never had a car.

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I did go to a good school, so I went to a school

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called Saint Lawrence High School which is
run by Jesuit priests and I was also

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part of the Scouts and Guides group, which influenced teamwork at a very early

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age. My undergraduate was at MS
University of Boroda, which is in Gujarak

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in India, which is on the
west coast of India, and I did

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electrical engineering there. After that,
I joined a premier MBA school in India

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called Indian Institute of Management in Calcutta. I lasted for two trimester. I

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just somehow felt that I didn't want
to just be a typical senior executive in

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a company, which is what happens
when you complete MBA from I am Calcutta

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and I actually lasted for two trimesters, after which I quit and thank God

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for my brother who sent me a
ticket and I flew on a plane for

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the first time in my life.
So at the age of twenty three,

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I sat on a plane, didn't
know how to fasten my seat belt.

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And I went to Austin, Texas. So that's that's that's where I landed

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in US. I fast forward.
I graduated from a University of Texas at

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Austin with an msn W Electrical Engineering, and I worked on I worked for

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a research lab on campus. So
there was a Center for electro Mechanics,

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which is a which is a research
lab, and they hired me straight out

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of college. After that, I
joined IBM in Houston, so I worked

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there for about seven years. In
Houston and IBM in the sales and marketing

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department there and lowerd Behore. I
got invited to take an expat job,

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an expatriate job in Singapore, and
this job was in an organization called IBM

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Offshore Operations had which had the responsibility
to sell to India. So there was

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back then there was no IBM in
India, and that assignment, you know,

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extended to totally four and a half
years, after which IBM we did

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such a good job that IBM physically
moved and set up shop in Bangalore in

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India. My wife and I didn't
want to live in India, but also

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we decided that we didn't want to
go back to US. We had come

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basically for an adventure and we were
really enjoying with our kids in Singapore.

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And so after twelve years, I
left IBM and then I continued to live

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in Singapore and I did nine startups
and the most notable and successful one of

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that being the TV channel Sony Entertainment
Television. But I also helped set up

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Jungle Ventures in Singapore, which is
a mainstream tech VC venture capital investing fund

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in Southeast Asia which currently has about
three hundred and fifteen million dollars under management.

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Then they're on Fund three now,
so there's sort of a brief background

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on my growing up. That was
a lot of experience and time to say

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in a shrimount of time, thank
you for that, And I appreciate the

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pieces that you picked out because again, as a researcher, what you choose

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to share with us says something that
means that there's meaning in that, So

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thank you for that. Now listeners
have an idea of just who you're dealing

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with here and what you're about to
hear from. So now, of course

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what we want to get into is
I want to know how you got involved

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in co founding Sony Entertainment Television.
How did that happen? Yes, actually

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it's there is a long story,
and I'll try to make it brief because

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obviously in such a startup then there
are stories within stories. So we were

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seven founder members, partners, and
there's a story how all each one of

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us got involved in it. But
I'll just start with mine. So I

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went to a friend's place for lunch
one day and he called me into a

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study and he says, hey,
would you take a look at this business

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plan? And so I took a
look at that business plan and it was

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a very brief business plan, and
it was on a TV channel for South

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Asian diaspora. So after a brief
discussion, I just gave it back,

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gave back the brief business plan to
him, and I told him that this

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is a great idea, but I
don't think it's going to fly. And

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so that day then I left and
then he called me the next morning and

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he said that, hey, you
know, I almost didn't sleep the night,

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you know, thinking about your comments
on that business plan. And I

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said, oh, I thought you
were just asking me about that business plan

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which was somebody else's business plan,
and I just gave you some honest feedback.

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But he says, no, no, no, this is what me

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and my friend are working on and
can you meet us, And so I

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felt really bad that, you know, I had given him such brutal,

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honest feedback. And then when I
met them both, they discussed with me

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and after having a chat with me, basically I told him that the business

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plan was such a small brief business
plan. They're trying to do a major

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TV channel, this obviously needs to
be cooked up quite well. And so

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they got impressed with my conversation and
my feedback that they asked me to see

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if I could join this, and
so at that time I had already left

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IBM, I was on my first
startup. I asked my co founder of

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my first startup, and he said, yes, as long as you keep

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both, you know, one feet
here and one for one foot here and

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one for there, you're okay to
go. And so that's how I ended

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up joining this, this pack of
seven, which then ultimately ended up doing

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a joint venture with Sony Pictures Entertainment, you know. And and so that's

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joint venture essentially launched this TV channel, and that channel continues to go.

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You know how the TV channels are
that twenty four to seven. Once you

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push the button and it's on,
it's on all the time. So I

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helped in a bit on technology and
decisions for uplinking and broadcast. I helped,

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of course soup up the business plan
back there, and then of course

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I helped with structuring and negotiating,
you know, the joint venture that we

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did with Sony Pictures, which you
know, it's a subsidiary of Sony Corporation

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of Japan. So a couple of
things, some to my really quick one

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is the the the actual ROI of
brutal honesty right, Jay, what if

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you hadn't given your real, honest, direct answer, what if you learn

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there? Yes? And so this
is really a debate that I have with

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a lot of my friends about how
people listen to the tone of your voice

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and the attitude of your voice in
many cases and sort of miss the content.

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And what is really very important for
me, which I tell my friends,

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is really that the content is also
equally important. Yes, I need

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to continue to learn how to be
mindful and how to reply with the dright

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tone so that the other person doesn't
get offended. But instead of being polite

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and not giving your honest feedback,
I would any day choose to give honest

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feedback, even if it is brutal, because that's what shows that I care.

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My caring comes in the form of
giving you honest feedback. Jay.

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Right now, you and I talked
about this. I'm working through several revisions

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of my first full book manuscript on
purpose and Leadership, and one of my

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friends was saying, how honest do
you want me to be? And I

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said, please let your honesty and
depth of feedback reflect your love for me,

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And no surprise, it came back
very red lined. So I'm very

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aligned with that and that person has
a better friend of yours than most other

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I just say that, not trying
to be judgmental, but absolutely right,

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who really cares that person really will
give you honest feedback. Yes, I

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agree, Thank you Mark Snyder and
Amy Walters put to both they both get

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praised for that. So a few
things that I wanted to hear. I

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know this could be a long long
list here, Jay, but just if

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you could share a few things that
you're most proud of while you're at Sony

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and why. Okay, So I'll
just try and be concise here again,

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Like you said, you know,
it was an experience stretching over about eighteen

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years and so many many TV channels
at that Back then there was only one

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cable and satellite television channel before US, and so we were kind of the

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second second TV channel that went live. And after US, a lot of

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TV channels came and folded, while
Set Sorry Entertainment Television continued to thrive and

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it became one of the most successful
TV networks. So that's one. We

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brought good programming to India. So
that's two things we did. One is

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we raised the benchmark of the look
and feel of TV channels. So I

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had been watching TV, you know, in the United States as well as

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in Asia in Singapore, and we
saw the difference in the quality of the

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look and feel of the picture.
Now, of course all are all high

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resolution hd TV channels, but back
then we raced the bar. So we

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did that, and then we brought
good programming. So we brought things like

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Indian Idol, which is basically an
offshoot of American Idol. We brought Who

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Wants to Be a Millionaire? There
is an Indian version of that, Combinega

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Carodopathy, and then there is this
Filmfare Award. Filmfare Award is like the

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Oscars of Indian movie, you know, the movie industry that's called Bollywood.

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So there's an oscar of that which
is called Filmfare Award. So we brought

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a good lot of programming, some
which was homegrown, some which was basically

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licensed from US. However, the
most exciting and fun part was introducing the

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game of cricket to the Americans.
So the Americans came from la they came

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from Sony Pictures Entertainment, and we
took them to Cricket to watch cricket matches

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because we want them to get excited
to see if we could actually get some

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licensing content for cricket, and they
wondered when we went to this cricket matches

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that why after hitting the ball the
batter was not running. So in cricket

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you don't have to do that.
So the similarity between cricket and baseball is

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that there is a ball in a
bat that you're supposed to hit the ball

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with. But that's where it ends. All other rules are different between the

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two. Well, fast forward.
We ended up convincing them and we bid

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and won the World Cup cricket rights
for television, and we started a premier

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league which is called Indian Premier League, which is a cricket league similar to

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MLB Major League Baseball, which was
the biggest hit in the TV networking until

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today is the biggest cricket portal.
Cricket licensed program which is washed all over

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the world, not only limited to
saltations, and so really the enterprise group

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dramatically. You know, we exhibited
over a billion dollars enterprise value and today

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today's probably worth billions of dollars,
you know, so we exited and sold

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all our stake to Sony a few
years ago. I just need to say,

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hearty, congratulations to that talk about
a life well lived. Jay,

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And I want to point something out
to our listeners here I asked the question

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of what he was proud of,
what you're proud of, Jay, And

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the reason I did that is because
that service is meaning People want to understand

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what do you mean about this meaning
stuff? Well, that which is meaningful,

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meaningful to you is that which holds
significance for you. So what you

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just shared with us is what has
been some of the more meaningful aspects of

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your career. And you did it
beautifully at Sony, Thank you, and

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least I just want to just add
one small thing that you know, the

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purpose of this was to bring entertainment
to the masses, right, So this

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is a Hindi language and this now
goes to hundreds of countries in the world,

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and this TV channel has been entertaining
hundreds of millions of people worldwide.

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So that's really the purpose. That's
beautiful impact. Now, I would be

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remiss if I did not ask you
this next question, Jay, and especially

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as somebody who's always learning, but
what are a few key things that you

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learned in your career prior to today's
focus that you're up to, which we'll

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get to later. That helped that
you think helped make your ventures successful.

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Yeah, I think the one good
news is that I came from a business

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family. So before my generation,
which is my brother and I, we

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were the first ones who ever worked
for someone else. My dad, my

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granddad, my great grandfather, they
were all business people. And so one

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inherent quality is which I have,
which is risk taking. So I would

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say that you must have an ability
to take risk, and you have to

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assess your risk taking profile if you
want to be an entrepreneur. If you're

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not a risk taker, it's okay, you can be an executative and work

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for a company. But I think
that's really one of the most important things

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is the risk taking ability. Then, of course the other pieces that when

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you're provided with an opportunity, you
have to let your intuition and intelligence help

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you decide which one to grab and
jump on. I think so that's that's

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the second piece. Because a lot
of people missed the boat, They've given

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some amazing opportunities. So for example, when my friend asked me if I

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wanted to join this TV channel coming
from IBM, I would have had I

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would have said no, I know
nothing about TV channels, but I just

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had this strong intuition that this could
scale into a massive enterprise, and so

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I jumped on it. One of
the things that I did, at least

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is also I made a bold decision
to quit I am Calcutta. Whoever knows

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I am Calcutta. That's sort of
like the Harvard MBA program. And nobody

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quits Harvard MBA program halfway through it, and I did. I decided to

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seek adventure, and I thought,
Okay, there's something better that the life

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that I want to seek is out
there, which is the United States,

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And so I came to us instead
of just staying put in India. And

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then fast forward. I also,
while I was at Houston, they asked

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me if I wanted to go to
Singapore. So I had a mainstream career,

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and I paused on that mainstream career
and I decided, okay, let's

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go for an adventure. It's a
two year assignment. I went to Singapore,

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and so I left my comfort zone. So that's the other thing.

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But sometimes you have to leave your
comfort zone and you don't know what you're

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going to discover. And then of
course I became a forced entrepreneur when I

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left IBM. And then the other
thing that I can say is executive decision

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making is super, super important,
and so people need to cultivate this clarity

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of thought. And I've been doing
it. I'm still a work in progress

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at least to be very honest,
but executive decision making is super important.

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That's what I teach my kids.
I tell my kids all the time.

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The other part is good interpersonal communication
skill. I was so lucky to have

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gone through the best marketing school in
the world, which was at IBM,

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and that taught me good communication skills. So most of the success and failures

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in people management, in business or
geopolitics is due to ineffective communication. So

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you know, it's either effective or
ineffective, and that's really the success and

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failure according to me. So you
need to develop good interpersonal skills. And

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the last one I will say is
to try and acquire a three sixty degree

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view. So whether you're an enterprise, or you're doing a job, or

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you're in a situation, if you
can master the skill such that it becomes

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intuitive, then you will have an
unfair advantage because you get the three sixty

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degree view. So those are sort
of some of my learnings. Oh,

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this is wonderful day. I feel
like I'm drinking from the hose in the

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best possible way. Let's grab our
first break. I'm a last Cortez.

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We don't there with jsh Paddek.
Who is who is the Sony Entertainment Television

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early co founder, which is a
major television network of Sony Pictures Entertainment.

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He successfully exited in twenty thirteen.
He is a senior advisor to Uncle Adventures,

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a pan Asian venture capital technology fund
based in Singapore, and he's the

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author of What Shall We Do with
All This Money? Inspiring perspectives on wealth.

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He joined us today from Singapore.
We've been talking a bit about just

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where he came from and how he
got his start and a lot of his

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early career. After the break,
we're going to talk about a few of

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the people in his book that have
been doing interesting things with their wealth.

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Stay with us, We'll be right
back. Doctor Elise Cortes is a management

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consultant specializing in meaning and purpose and
inspirational speaker and author. She helps companies

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visioneer for greater purpose among stakeholders and
develop purpose inspired leadership and meaning infused cultures

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that elevate fulfillment, performance and commitment
within the workforce. To learn more or

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to invite Elise to speak to your
organization, please visit her at Elisecoortes dot

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00:18:47.799 --> 00:18:59.000
com. Let's talk about how to
get your employees working on purpose. This

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is working on Purpose with doctor Elise
Cortes. To reach our program today or

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00:19:03.759 --> 00:19:10.519
open a conversation with Alise, send
an email to a lease Alise at elisecortes

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dot com. Now back to working
on purpose. Thanks for staying with us,

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and welcome back to working on purpose
if you're just joining us. My

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guest is Jasha Paduk, who is
the co a co founder of the Sony

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Entertainment Television and major television network of
Sony Pictures Entertainment. He is also the

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author of What Shall We Do with
All This Money? Inspiring Perspectives on Wealth.

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I'm your host, Elise Cortes.
So before we get into the book

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here, Jay, I wanted to
situate really your perspective about wealth, what

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you've come to learn about wealth,
it's management and future in your experience.

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Let's start there. Yeah, thank
you, Elise. I think the first

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thing I want to tell you is
I want to just confess to you that

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when I was growing up, I
had an infuriatory complex, and that inferiority

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complex came because I grew up in
a middle class family, so money meant

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survival for me, and so I
worked very hard and I was very hungry

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to make money for my family as
well being. And today fast forward,

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I never want to make any decisions
that will take my financial independence away from

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me. So today money is meant
to enjoy life. I don't have to

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think about affordability. I only question
the value of anything because I came from

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a humble beginning, and most importantly, I enjoy experiential spending rather than material

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spending. So there's just one thing
that I do is that I have made

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an allocation for giving and helping the
community, and I do that in three

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parts. There is something called calamity
giving, so that's for things like let's

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say COVID or tsunami or earthquake.
Then there is one piece which is for

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micro lending, so you lend money
to women entrepreneurs and then that money circles

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back. It's like the Kiwa model, and I give to mill up ap,

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Mila dot org. And then the
third one is social impact investing,

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So I invest in companies that actually
do good, but they are for profit

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companies. The other last piece is
that I don't spend too much time managing

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my wealth anymore. You know,
I just don't want to spend inordinate amounts

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of time making money on my money. You know, I know so many

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people who have made amazing lives for
themselves and of themselves. Jay from an

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inferiority complex, well aimed, So
I just want to call that out.

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There's the motivation has got to come
from somewhere, and I really appreciate that

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you shared that part of your story
with us, certainly. Yeah. Okay,

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so the book, You've had many
of other things going on here.

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There's lots of ways that you could
spend your time, and yet you created

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this beautiful book and you've showcased a
collection of people from across the Indian diaspora.

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So first, I guess I want
to understand why did you write the

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book and what do you hope to
accomplish for its readership. Yeah, so

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I think around me, you know, Singapore is quite a well to do

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place. You know, it's got
one of the highest GDPs in the capita

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incomes in the world, and so
I watched people around me, and these

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people were working very hard to make
money on their money. So people,

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what happens. People work very hard
to make money, then they work hard

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to make money on their money,
and then they die. I mean,

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it just sounds a bit harsh,
but that's how many of the lives of

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these affluent people was and is.
And so I wanted to appeal to these

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affluent folks who work so hard to
make money on money, they clearly have

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no need for that additional money.
It won't affect their lifestyle. So I

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wanted to inspire these high networth families
to consider taking their foot of the gas

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pedal and smell the roses, spend
their time and money on doing good.

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And most importantly, though my audience
is millennials, I wanted to inspire these

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millennials who are going to inherit hundreds
of millions of dollars, especially in the

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Indian diaspora, and I wanted them
to read this book and get influenced and

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inspired. Most of them do not
know what they want to do in life

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and especially with their money that they're
going to inherit. So the major target

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audience for me really are these affluent
people, but also really the millennials,

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and so that's really one of the
reasons that inspired me to inspire them to

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write this book. And you've done
a brilliant job of getting the perspectives of

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various kinds of people. And I'd
love to have you share a little bit

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from each of those buckets, if
you will. So you've got one category

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of sharing from chairman and key executives. And so who in your book would

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you like to talk about with our
listeners that maybe resonates or aligns with your

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interests or that you especially like.
Yeah, So a last what I'm going

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to do is just going to give
you a brief synopsis of the book.

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So this book is essentially a book
of interviews. It's a compilation of book

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of interviews. These interviews were audio
interviews, and so these interviews I did

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all over the world of people of
Indian diaspora who are in the United States

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and Middle East, Europe, Singapore, Malaysia, Africa, India, and

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they're from different diverse backgrounds. So
there are some who are executives, some

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who are entrepreneurs, some gurus like
for example, the Pachopra, some senior

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executives like Roten Tata, and then
there are private bankers, there are intrigitives,

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there are millennials, and so these
diverse group of people I have interviewed

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to give us perspective on what happened
to them growing up and their perspective on

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wealth, but more importantly their advice
to the millennials. So again the first

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chapter starts with is a senior chairman
and senior executives, and that includes mister

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Roth and Tata, who's very famous, but I'll pick doctor Nawenhart. So

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Naween is now a dear friend.
And Naween actually studied in US and worked

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in US and then fifteen years ago
then they came to Singapore and he's a

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senior execs now in a telecommunications testing
equipment company. The most interesting thing that

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00:25:03.519 --> 00:25:08.400
Naveen and his wife Mousham we do. They do as hobbies they climb mountains.

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So they've climbed mountains in Malaysia,
in New Zealand, Mont blanng Long

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00:25:12.839 --> 00:25:18.119
speak in Colorado, Mount Fuji,
Fuji than Mount Kilimanjaro in Africa. They've

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even gone to the base camp of
Everest and Mount Everest is sort of the

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next big mountain that they want to
climb over the next decade. But their

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family they also go scuba divinge so
they go up to the mountain, they

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go down to the deep sea.
Now, four years ago they decided to

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channel some of their money into kids
education. So both are PhDs, doctor

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Navin and doctor mushrooming parts. They
are doing extremely well, very senior executives.

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But four years ago they said,
listen, this is enough. We

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don't need any more money to live
a good life. And so they decided

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to channel their money into kids education. So every year, you know,

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through friends, they select underprivileged school
students from middle school so kind of teenagers,

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and commit to educate them all the
way through college. So somebody who's

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eleven, twelve or thirteen years old, let's say, and take them all

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the way through college. And if
that college is even going to the United

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States, they will pay for their
fees. That's the commitment that they've made

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and it is not limited to just
writing a check for just their education.

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But they bring those kids every year
to Singapore and they stay with them.

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So it's just a huge eye opener
for the kids to see the new dreams

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and possibilities and every year. In
Naveen and Mashama, they also go to

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the kid's family and they hang out
with them and so there is a you

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know, a lot of communication that
goes back and forth. And now they

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are up to eight kids, so
they're supporting eight kids. So this really

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is a story which resonates with a
lot of folks who then try, you

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know, ask me to connect them
to Naween because they would like to join

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that badwagon and listeners. Of course, why am I asking Jay to share

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these stories is because I want them
to inspire you. I want them I

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want you to hear what lives people
have created and this is the one precious

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life that you get. And I
hope that when you hear him share these

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stories that there's something in it that
makes you want to live bigger than you

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are today. So that's why I'm
asking him to do this. All right,

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Well, another category that you have
into the chapter in your book.

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You've got one for business and one
for entrepreneurs. But who did you want

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to talk about from that camp?
So i'd just jump to, you know,

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bring you to another couple three of
examples. One is a lawyer,

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and if you do get to read
this book, especially for your audience,

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then I would recommend that you read
this chapter on Novineath. Chug Chug c

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h u g chu ge LP is
a very famous law form in California.

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They have about five hundred people in
twelve offices and they do full service legal

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accounting, tax, financial, that
kind of work. But they do a

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lot of pro bono work also,
especially for charities. The good news in

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that chapter is that Novneith has provided
a lot of insight into the nonprofit world

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of the USA. You know,
it gives a lot of speeds and feeds

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that your listeners would enjoy, especially
on the US non profit system. So

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like, for example, one out
of ten American workers work in the nonprofit

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industry, which many people don't know. Ninety percent of hospitals and colleges and

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universities are nonprofit like Stanford, Mit, Harvard, they are nonprofits John Hopkins,

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Mass General. These are the largest
hospitals. So the nonprofit GDP is

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00:28:17.200 --> 00:28:19.680
about one point one trillion dollar,
which is bigger than some countries out there.

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And in twenty eighteen, Americans gave
approximately four hundred billion dollars to one

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00:28:26.359 --> 00:28:32.319
point five million charities. So there's
a lot to learn not only for Americans,

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00:28:32.359 --> 00:28:36.839
but also for your audiences outside America. You know, he basically talks

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about how the tax system was set
up to encourage and motivate giving to the

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00:28:41.480 --> 00:28:45.359
nonprofits. So I'd say that,
you know, even the part that would

402
00:28:47.079 --> 00:28:52.759
you know, influence people is his
conversations with millennials, so affluent minial millennials,

403
00:28:52.880 --> 00:28:57.119
families come to them, and how
do millennials think about money and how

404
00:28:57.200 --> 00:29:02.359
they deal with money. I think
that's really very interesting in that particular chapter.

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00:29:02.440 --> 00:29:06.759
So that's basically the Lawyer chapter.
Okay. And by the way,

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Jay, this program is listened to
worldwide, so we do have listeners all

407
00:29:10.319 --> 00:29:14.319
over in Hong Kong, also in
India, Africa, etc. E'repe all

408
00:29:14.319 --> 00:29:18.039
over is wonderful. I love that
part of it. Okay. What about

409
00:29:18.119 --> 00:29:22.480
from the impact investor community, Yes, okay, impact investor, there's one

410
00:29:22.519 --> 00:29:26.279
person what I pick is beneath Rye
Rii, and he's a pioneer of social

411
00:29:26.359 --> 00:29:30.200
impact investing. So for twenty years
he's been doing that. He basically oneed

412
00:29:30.319 --> 00:29:36.079
decided to collect money for funds for
an impact fund, and that's how it

413
00:29:36.119 --> 00:29:41.000
got started sort of really at a
very low scale innocently, and his idea

414
00:29:41.160 --> 00:29:45.440
was that I want to invest in
startups which are for profit doing good.

415
00:29:45.799 --> 00:29:49.319
Right, So social impact investing is
basically investing in equity of a for profit

416
00:29:49.400 --> 00:29:53.240
company which is doing good and the
intent of the company is to make social

417
00:29:53.279 --> 00:29:56.279
impact. So that's the big thing. It's not just investing in any company,

418
00:29:56.559 --> 00:30:02.160
but a social impact company. So
he's done an extremely good job.

419
00:30:02.440 --> 00:30:06.839
And so his VC fund is called
Avishkar. Avishkar means discovery. It invests

420
00:30:06.839 --> 00:30:11.759
in startups in agriculture, maybe agri
tech, education, ed utech, healthcare,

421
00:30:11.039 --> 00:30:15.079
waste management, space, et cetera. And now they have three funds,

422
00:30:15.119 --> 00:30:19.200
one for India, one for Frontier
Fund which is in Indonesia, Bangladesh

423
00:30:19.200 --> 00:30:23.440
and Sri Lanka, and the third
one invests in Africa. And the investors

424
00:30:23.440 --> 00:30:29.240
in the fund, which is called
LP Limited partners are DFI which is basically

425
00:30:29.240 --> 00:30:34.000
development finance institutions like IFC which is
part of World Bank, and CDC FMODG.

426
00:30:34.279 --> 00:30:38.880
These are very popular DFIs and these
VC funds are in hundreds of billions

427
00:30:38.920 --> 00:30:44.839
of dollars. So that's really a
very impressive section of the book and the

428
00:30:44.880 --> 00:30:51.480
interview of what motivated NITHRAI to pursue
this now. Of course, impact investing

429
00:30:51.559 --> 00:30:56.759
is one asset class which is quite
popular. How beautiful, and I just

430
00:30:56.799 --> 00:31:00.160
appreciate how you can narrate the depth
of all that great detail of what these

431
00:31:00.160 --> 00:31:02.599
people are doing. It just shows
that you've really, really done your research.

432
00:31:02.640 --> 00:31:04.079
And I appreciate that as a fellow
researcher. It's beautiful. Jay,

433
00:31:06.160 --> 00:31:08.960
we're coast out of time and you're
welcome on this on this segment here,

434
00:31:10.200 --> 00:31:11.440
so I want to give you the
chance. Do you want to talk more

435
00:31:11.480 --> 00:31:15.680
about other social impactors or millennials for
the next part of the book before we

436
00:31:15.680 --> 00:31:18.440
go on to our next break.
Yeah, I'll just run run quickly through

437
00:31:18.480 --> 00:31:22.720
that. So the one millennial one
social impactor that I would recommend is Mtunya

438
00:31:22.759 --> 00:31:26.160
Tivari. He was a soccer player
and he's set up an i hospital which

439
00:31:26.160 --> 00:31:30.920
is called Akanjoti I Hospital. And
so Bihar is a state which is an

440
00:31:30.920 --> 00:31:33.799
Agradian state. It's a low income
state, and there he set up a

441
00:31:33.839 --> 00:31:38.440
hospital that currently does sixty five thousand
cattract operations. Last year they did sixty

442
00:31:38.920 --> 00:31:41.920
eighty percent of them are free.
So it's a terrific story that you'd like,

443
00:31:42.039 --> 00:31:45.440
especially his program which is Football to
Eyeball, where he attracts a lot

444
00:31:45.440 --> 00:31:49.960
of these teenage girls and so he
teaches them how to play soccer and then

445
00:31:51.039 --> 00:31:53.680
brings them into the hospital. So
that's one. The second one, and

446
00:31:53.680 --> 00:31:57.359
by the way, I also want
to mention and shout out to Amidoshi who

447
00:31:57.400 --> 00:32:01.880
is in Dallas. She's one of
the chapters there and she started a portal

448
00:32:01.920 --> 00:32:07.680
called pro Poor and then she's currently
got a nonprofit call Opportunity Plus. So

449
00:32:07.799 --> 00:32:10.839
that's another one. But I really
want to just spend the remaining time on

450
00:32:10.880 --> 00:32:14.599
this section on millennials, and so
i'd said, first thing is that I'm

451
00:32:14.680 --> 00:32:16.000
very encouraged by millennials. That's what
I want to tell you. You know,

452
00:32:16.079 --> 00:32:20.920
people are skeptic that these generations are
going to wile away their money what

453
00:32:21.000 --> 00:32:23.880
they inherit, but I personally feel
that they are really looking for purpose.

454
00:32:24.079 --> 00:32:29.079
And so one person that jumps out
from that section is Sarvash Sashi. He's

455
00:32:29.119 --> 00:32:32.559
set up a yoga studio and now
he's setting up an online app and it's

456
00:32:32.599 --> 00:32:37.319
called Sarva saar Va, and so
you can look it up. It's basically

457
00:32:37.599 --> 00:32:40.799
yoga. He wants to teach yoga
and that as a catalyst to empower happiness

458
00:32:40.799 --> 00:32:45.680
and healthy lifestyle. He's got some
amazing marketing investors like Jennifer Lopez Jlo,

459
00:32:46.000 --> 00:32:50.480
Alex Rodriguez, Bill Roydy who used
to be the former CEO of MTV,

460
00:32:51.200 --> 00:32:53.480
Mark Mastrow who's a founder and CEO
of twenty four Fitness, and many others.

461
00:32:53.759 --> 00:32:58.400
So I think that's really He's from
a very affluent family, but he

462
00:32:58.920 --> 00:33:04.160
left all of that and just to
start his own social enterprise. I so

463
00:33:04.240 --> 00:33:07.279
appreciate Jay, how you just just
sharing about these people gets you excited.

464
00:33:07.359 --> 00:33:10.000
Isn't that wonderful to feel that way
about these people and what they're doing being

465
00:33:10.000 --> 00:33:13.759
connected to it. It's wonderful.
Thank you for sharing, of course.

466
00:33:14.079 --> 00:33:15.920
All right, let's grab our next
break. I'm Elise Cortez, your host.

467
00:33:16.000 --> 00:33:19.960
We're on the air with jsh Produk, who is a co founder of

468
00:33:20.039 --> 00:33:23.240
Sony Entertainment Television, which is a
major television network of Sony Pictures Entertainment,

469
00:33:23.640 --> 00:33:29.279
which is successfully exited in twenty thirteen. Is a senior advisor to Jungle Adventures,

470
00:33:29.319 --> 00:33:32.240
a pan Asian venture capital technology fund
based in Singapore, and he's the

471
00:33:32.279 --> 00:33:36.960
author of What Shall we do with
all this money, inspiring perspectives on wealth.

472
00:33:37.200 --> 00:33:39.160
He joined you today from Singapore after
their break. We're going to hear

473
00:33:39.200 --> 00:33:44.160
more about what he's up to today
postbook and other adventures. Stay with us,

474
00:33:44.240 --> 00:33:49.039
We'll be right back. Doctor Release
Cortes is a management consultant specializing in

475
00:33:49.119 --> 00:33:53.400
meaning and purpose. An inspirational speaker
and author, she helps companies visioneer for

476
00:33:53.480 --> 00:34:00.039
greater purpose among stakeholders and develop purpose
inspired leadership and meaning in few cultures that

477
00:34:00.160 --> 00:34:07.039
elevate fulfillment, performance, and commitment
within the workforce. To learn more or

478
00:34:07.079 --> 00:34:10.800
to invite Elise to speak to your
organization, please visit her at elisecortes dot

479
00:34:10.840 --> 00:34:22.000
com. Let's talk about how to
get your employees working on purpose. This

480
00:34:22.159 --> 00:34:27.760
is working on Purpose with doctor Elise
Cortes. To reach our program today or

481
00:34:27.800 --> 00:34:34.559
open a conversation with Alise, send
an email to a lease Alise at elisecortes

482
00:34:34.639 --> 00:34:40.880
dot com. Now back to working
on purpose. Thanks for staying with us,

483
00:34:40.920 --> 00:34:44.440
and welcome back to working on purpose. If you're just tuning in,

484
00:34:44.519 --> 00:34:47.360
my guest is js Poduk. He's
a co founder of He is a co

485
00:34:47.440 --> 00:34:52.599
founder of Sony Entertainment Television, a
major television network of Sony Pictures Entertainment,

486
00:34:52.880 --> 00:34:57.599
which is successfully exited in twenty thirteen. He as a senior advisor to Jungle

487
00:34:57.639 --> 00:35:00.599
Adventures, a pan Asian venture capital
technology fund based in Singapore, and he's

488
00:35:00.639 --> 00:35:05.320
the author of What Shall We Do
with All This Money? Inspiring perspectives on

489
00:35:05.360 --> 00:35:09.000
Wealth. I'm your host, Alice
Cortez. So for this last segment here,

490
00:35:09.159 --> 00:35:13.320
Jay, I wanted to let our
listeners hear about some of the some

491
00:35:13.360 --> 00:35:15.400
of the many things that you're focused
on. Of course, we won't have

492
00:35:15.440 --> 00:35:17.119
time to hear about all of them
because you're up to so many things.

493
00:35:17.880 --> 00:35:22.119
But you mentioned before the Break the
Eye Institute in India that that you were

494
00:35:22.119 --> 00:35:25.239
talking about, and I know you
you're connected to that and supporting it,

495
00:35:25.360 --> 00:35:29.599
raising funds and maybe other things.
Tell us what you're doing and how you

496
00:35:29.639 --> 00:35:34.880
got involved. Yes, thank you
for asking that. Elise and I met

497
00:35:35.079 --> 00:35:39.400
Rtunja. Rtunjay is through a common
friend, like that common friend is a

498
00:35:39.400 --> 00:35:44.760
trustee for the Eye hospital, and
that common friend and us and a whole

499
00:35:44.760 --> 00:35:49.199
bunch of us, we collectively we
went to East Africa to a safari and

500
00:35:50.039 --> 00:35:53.239
he brought Rtunja along and so Brtunja
and I and this friend of ours and

501
00:35:53.360 --> 00:35:57.280
a whole bunch of us. We
spent two weeks and that's a long time.

502
00:35:57.320 --> 00:36:00.199
And so every evening over a glass
of wine, I would grill Withtinja

503
00:36:00.199 --> 00:36:04.480
I try to find out, you
know, more about his ie hospital and

504
00:36:04.519 --> 00:36:07.400
then loan Behold. At the end
of that two week, I decided that

505
00:36:07.480 --> 00:36:10.400
I wanted to jump in and I
wanted to, you know, be part

506
00:36:10.440 --> 00:36:15.880
of this I hospital which is called
Akanda Juti I Hospital and this is situated

507
00:36:15.920 --> 00:36:20.320
in a town called Musty Chuck,
which is in the state of Bihar,

508
00:36:20.400 --> 00:36:24.679
which is a low income state.
Wow. You know again what I'm so

509
00:36:24.760 --> 00:36:28.320
present to as you talk, Jay, is I just think about for me,

510
00:36:28.519 --> 00:36:31.480
I just so want to be able
to taste as much of life and

511
00:36:31.519 --> 00:36:34.920
give as much of myself to life
as I possibly can. And when I

512
00:36:34.920 --> 00:36:37.639
hear you tell your stories, I
want to I'm living vicariously and with you

513
00:36:37.719 --> 00:36:42.679
and want to do more. So
thank you for that inspiration free I hope,

514
00:36:42.719 --> 00:36:46.519
yes, of course, thank you. Okay, So I want to

515
00:36:46.559 --> 00:36:51.320
hear a little bit more you say
this and other things I read about you.

516
00:36:51.440 --> 00:36:54.280
But why is the work at I
Institute so important to you? And

517
00:36:54.639 --> 00:37:00.320
what do you hope to help accomplish
through that work. So ales, you

518
00:37:00.360 --> 00:37:02.480
know, the first thing, as
I mentioned, Bihar is an agrarian state

519
00:37:02.519 --> 00:37:07.599
and it's a low income state,
and they have got a major health problem

520
00:37:07.639 --> 00:37:12.800
in curable blindness. And so the
hospital is situated one and a half hour

521
00:37:12.800 --> 00:37:15.800
away from a major city called Patna, and it's in the hinterlands. And

522
00:37:15.840 --> 00:37:22.360
so I want to help Tinjoy and
his team to alleviate curable blindness from the

523
00:37:22.400 --> 00:37:25.199
state of Bihar in the next five
years. I mean, it's a bold

524
00:37:25.199 --> 00:37:30.480
thing. There are millions of people
who need help with eyes eye related problems,

525
00:37:30.800 --> 00:37:36.039
but we're focusing on bilateral blindness to
begin with, and it's curable,

526
00:37:36.119 --> 00:37:38.480
and so we want to work on
that. And then the other piece,

527
00:37:38.519 --> 00:37:42.960
which is very important also for me, which I'm going to help them on,

528
00:37:43.159 --> 00:37:46.559
is vision center. So vision centers
are these optical stores. So after

529
00:37:46.599 --> 00:37:51.639
a person gets a catalact operation,
you usually need you know, these dark

530
00:37:51.639 --> 00:37:55.960
glasses and then you ultimately need some
prescription glasses. So we decided that not

531
00:37:57.079 --> 00:38:01.360
only in the hospital, but outside
are the surrounding areas within one hundred kilometers

532
00:38:01.440 --> 00:38:07.519
radius, We'll set up tens and
twenties of these optical stores which are basically

533
00:38:07.559 --> 00:38:15.920
optical stores which sell low cost glasses, prescription losses, and so these are

534
00:38:15.960 --> 00:38:20.599
mostly managed by women. And the
beauty of that is that the profits that

535
00:38:20.679 --> 00:38:23.599
we generate from those vision centers goes
back to pay for the free surgery.

536
00:38:23.639 --> 00:38:28.159
So this is again one of the
social enterprise type of idea. And so

537
00:38:28.519 --> 00:38:31.639
this is the type of things that
I enjoy and I want to bring some

538
00:38:32.280 --> 00:38:37.920
added value into this eye hospital.
It's just so smart too, Jay,

539
00:38:37.960 --> 00:38:40.079
I just so appreciate that. And
I think you and I talked about this,

540
00:38:40.119 --> 00:38:45.320
But I did have the wonderful experience
of visiting India in December twenty fourteen

541
00:38:45.360 --> 00:38:50.039
for about three weeks, New Delhi
and MADREI absolutely love it. It was

542
00:38:50.079 --> 00:38:52.719
a bucket list item and I still
have time on my visa, so I'm

543
00:38:52.719 --> 00:38:54.440
coming back. Maybe I can help. I would love to invite you to

544
00:38:54.599 --> 00:38:58.760
a country of the eye hospital and
we could schedule a group and I'll go

545
00:38:58.880 --> 00:39:01.760
with you so that you feel come. I would be delighted. Let's get

546
00:39:01.800 --> 00:39:07.320
this pandemic behind it, Let's make
it happen. You'll call it met too,

547
00:39:07.960 --> 00:39:09.840
Okay, So is if this weren't
enough to say that you've what you've

548
00:39:09.880 --> 00:39:14.119
already been saying about where you've what
you've been doing. One of the things

549
00:39:14.119 --> 00:39:15.920
that really caught my attention that you
told me about in our first conversation is

550
00:39:15.920 --> 00:39:21.159
that you're crafting and about to launch
a what you call a peer retreat,

551
00:39:21.199 --> 00:39:24.639
which stands for post exit entrepreneurial retreat. And as I understand it, this

552
00:39:24.719 --> 00:39:30.079
is for successful entrepreneurs who have exited
their ventures. And I think you said

553
00:39:30.119 --> 00:39:34.239
in this initial conversation that these retreats
are designed to teach philanthropy, wealth management,

554
00:39:34.280 --> 00:39:37.800
and deal with the emotional baggage that
comes with exiting a venture. So

555
00:39:38.039 --> 00:39:42.280
I've got any of that wrong?
Tell us? And so if where do

556
00:39:42.320 --> 00:39:44.719
you where do you want to take
these retreats? What do you hope to

557
00:39:44.760 --> 00:39:47.320
accomplish? Yeah, so first I
want to call out my uh, you

558
00:39:47.360 --> 00:39:52.280
know, the group that came up
with this idea. So there's a founder

559
00:39:52.320 --> 00:39:57.519
of this idea is Cedric Brusselman,
who is an incad MBA and he lives

560
00:39:57.519 --> 00:40:01.159
in Amsterdam. And we have a
few other people, one from San Francisco

561
00:40:01.199 --> 00:40:05.960
Bay Area, one in Geneva,
I'm here in Singapore, and then there

562
00:40:06.000 --> 00:40:08.360
is one person in Dubai, So
all of us we basically have been brainstorming

563
00:40:08.400 --> 00:40:15.519
this and essentially, you know,
Cedric personally also did a startup and sold

564
00:40:15.519 --> 00:40:19.079
an enterprise, so he came up
with this idea which we call per peer

565
00:40:19.199 --> 00:40:22.719
as you as you correctly mentioned post
to exit entrepreneur retreat because this is like

566
00:40:22.760 --> 00:40:27.000
the last day of an exam,
right, You remember the last day of

567
00:40:27.079 --> 00:40:30.199
the exam, the last exam you
took in your undergrad or grad school,

568
00:40:30.480 --> 00:40:34.320
and you just are looking forward to
that day and when the exam happens in

569
00:40:34.360 --> 00:40:37.400
the evening or the next morning,
when you wake up, you feel a

570
00:40:37.440 --> 00:40:43.239
sort of a void. And that's
what really happens here to entrepreneurs, successful

571
00:40:43.320 --> 00:40:47.239
entrepreneurs, they really feel lost in
a way because it's a lonely job.

572
00:40:47.280 --> 00:40:51.559
They've exited this business, so there's
a huge euphordia. But that really essentially

573
00:40:51.599 --> 00:40:54.239
lasts a day and then you're wondering
what to do. So there is one

574
00:40:54.280 --> 00:40:58.559
thing is about the emotional part of
it, right because in many cases they

575
00:40:58.599 --> 00:41:01.559
might have gotten disconnected with family,
so you bring them back into that family

576
00:41:01.599 --> 00:41:06.159
fold because they've been working twenty four
to seven extremely so hard. The other

577
00:41:06.199 --> 00:41:10.639
piece is to you a path to
spend quality time enjoying the wealth. Right.

578
00:41:10.679 --> 00:41:14.159
So one is to make sure that
you made a lot of money,

579
00:41:14.159 --> 00:41:17.119
which is fine, that's successful,
But then how do you enjoy that quality

580
00:41:17.119 --> 00:41:22.320
time with that wealth and structuring and
managing that wealth. And the most important

581
00:41:22.440 --> 00:41:27.760
piece that we hope to bring into
this course this retreat is to find the

582
00:41:27.760 --> 00:41:32.360
best utilization of wealth. Right.
To me, success is not just making

583
00:41:34.159 --> 00:41:37.400
and accumulating wealth, but it's how
you utilize your wealth, and so finding

584
00:41:37.440 --> 00:41:42.599
that purpose that suits what they believe
in, and that's really the most important

585
00:41:42.599 --> 00:41:49.159
piece for me in this peer retreat. You said something somewhere about the sheer

586
00:41:49.280 --> 00:41:52.679
number of people that have money.
Where did I remember that that the billionaires

587
00:41:52.679 --> 00:41:54.960
and millionaires? Do you happen to
have those numbers at the top of your

588
00:41:54.960 --> 00:42:00.920
head or somewhere easily locatable. Yes, it is actually in the first page

589
00:42:00.960 --> 00:42:05.000
off called early Thoughts in my book, and it basically says, yes,

590
00:42:05.079 --> 00:42:10.159
currently there are two and fifty billionaires
and there are forty six millionaires in the

591
00:42:10.199 --> 00:42:15.000
world, and these numbers are growing. Yeah. So in other words,

592
00:42:15.000 --> 00:42:17.719
there's maybe a few people who could
maybe that could perhaps opt into your your

593
00:42:17.760 --> 00:42:22.400
retreat, given the numbers. Yes, we're looking forward to that. That's

594
00:42:22.480 --> 00:42:27.039
fantastic. It's so important and I
so appreciate again as a purpose as a

595
00:42:27.039 --> 00:42:30.880
person who works from meaning and purpose, that you have identified that you want

596
00:42:30.880 --> 00:42:34.000
to help these people move on to
their next venture and not just do that

597
00:42:34.039 --> 00:42:37.320
thing where they're just managing their wealth. I just think that is so something

598
00:42:37.320 --> 00:42:39.519
worth getting up for. Jay.
Yeah, we're excited about this course and

599
00:42:39.800 --> 00:42:43.519
let's let's you know, well,
we'll watch it and then maybe the next

600
00:42:43.559 --> 00:42:46.000
time you you agree to interview me, I'll give you a little bit more

601
00:42:46.519 --> 00:42:50.599
feedback on how it's going. Absolutely, you can run for me, Jay,

602
00:42:50.599 --> 00:42:52.440
but you can't hire it. Even
if you're in Singapore. I can

603
00:42:52.440 --> 00:42:58.159
still get you. Don't worry.
So we were getting close to the end

604
00:42:58.159 --> 00:43:00.960
of the time. Here. Is
there anything else that you want to share

605
00:43:00.000 --> 00:43:04.960
with our listeners that you're pouring yourself
into these days that showcases who you are

606
00:43:04.960 --> 00:43:08.320
and what matters to you. Yeah. I guess two parts to it.

607
00:43:08.400 --> 00:43:12.280
One is that I just wanted to
point that you know, I was working

608
00:43:12.320 --> 00:43:15.599
on wealth affluence because of my humble
beginning, and I transitioned to time affluence.

609
00:43:16.480 --> 00:43:22.039
My next step is mind affluence,
and so time affluence is obvious,

610
00:43:22.119 --> 00:43:23.360
right, I mean, all of
us should really enjoy the power of now

611
00:43:23.400 --> 00:43:28.119
and the time, which we don't
in many cases. But the mind affluence

612
00:43:28.159 --> 00:43:32.079
is that entails mindfulness, compassion,
meditation. So I personally, for example,

613
00:43:32.119 --> 00:43:37.719
I practice with Parsona, which is
a concentrative meditation. But interestingly,

614
00:43:37.840 --> 00:43:40.400
just in during this lockdown, I
took two courses which are which were really

615
00:43:40.519 --> 00:43:45.239
very interesting for me. One is
called Science of well Beaving Science of Well

616
00:43:45.280 --> 00:43:47.960
Being, which is taught by Professor
Lui Santos at Yale University. It's on

617
00:43:49.079 --> 00:43:53.039
Corsa for free right now. And
the other one was Heartmath heartmath dot com

618
00:43:53.119 --> 00:43:57.719
and these are again also free right
now, and Heartmath basically talks about the

619
00:43:57.719 --> 00:44:00.760
connection and the executive decision making ability
of the heart, which all of us

620
00:44:00.760 --> 00:44:05.239
think it's only in the brains.
And then there are two very important TED

621
00:44:05.280 --> 00:44:07.119
talks that I want to just call
out on. One is called There's More

622
00:44:07.159 --> 00:44:13.400
to Life Than Being Happy by Emily
Esfahani Smith, and there is one which

623
00:44:13.400 --> 00:44:15.840
says my failed mission to find God
and what I found instead, which is

624
00:44:15.840 --> 00:44:20.599
by Angelie Komar. And so that
during the lockdown These are a few tidbits

625
00:44:20.639 --> 00:44:22.440
that I picked up, And the
last piece I want to leave you with

626
00:44:23.159 --> 00:44:28.639
for your listeners is that I feel
this world isn't an inflection point, right.

627
00:44:28.920 --> 00:44:31.159
We're all sort of sitting here cooped
up in a way, but I

628
00:44:31.159 --> 00:44:37.039
think the collective consciousness is going to
ascend. This is how I feel deep

629
00:44:37.079 --> 00:44:39.920
down the world of tomorrow it will
transcend into world two point oh. I

630
00:44:39.960 --> 00:44:43.519
call it the world two point oh. You know, I'm not smart enough

631
00:44:43.559 --> 00:44:46.199
to at least to tell you the
details of what and where it will end

632
00:44:46.280 --> 00:44:50.920
up, but change is coming.
I'm very optimistic that the world is going

633
00:44:50.960 --> 00:44:54.039
to be a better place, and
I'm especially counting on the millennials right to

634
00:44:54.079 --> 00:45:00.239
be more purposeful and compassionate compared to
earlier generations. Jay, I couldn't agree

635
00:45:00.239 --> 00:45:04.599
with you more. I can tell
you that from my vantage point too,

636
00:45:04.639 --> 00:45:08.519
I do think that the pandemic has
has forced a hard reboot for the whole

637
00:45:08.639 --> 00:45:13.039
entire world, and from from my
vantage point, Jay, what it's doing

638
00:45:13.079 --> 00:45:15.920
among many other things, but my
focus is on work. Is it's allowing

639
00:45:16.199 --> 00:45:21.239
companies, leaders and business owners to
look at what hasn't been working for them

640
00:45:21.280 --> 00:45:24.039
in terms of their human capital practices, how they hire, how they train,

641
00:45:24.119 --> 00:45:27.320
how they motivate, how they reward, how do they manage, how

642
00:45:27.320 --> 00:45:30.719
do they lead and revamp into world
two point zero like you're talking about.

643
00:45:30.760 --> 00:45:35.880
So I'm very much part of those
conversations and to help steward that future that

644
00:45:35.920 --> 00:45:38.519
we want to live into, because
I too want everyone, including the millennials,

645
00:45:38.519 --> 00:45:43.400
to pull us forward into a better
place. And so I very much

646
00:45:43.440 --> 00:45:45.239
agree in align with what you're saying, which is I'm sure why we're talking.

647
00:45:46.679 --> 00:45:50.679
I can't quite speak from the same
page that you can, but I'm

648
00:45:50.760 --> 00:45:53.679
close in your draft. How's that. I really appreciate that, Lisa,

649
00:45:53.760 --> 00:45:58.119
And I'll tell you that you know, they've done a lot of rhetoric in

650
00:45:58.159 --> 00:46:01.039
the past about these changes, but
this time I feel that it's for real.

651
00:46:01.119 --> 00:46:05.000
I think the world is just too
polarized, and I think things are

652
00:46:05.000 --> 00:46:08.239
now going to start to come together. So let's all collectively make this world

653
00:46:08.280 --> 00:46:12.760
a better place. Yes, and
we've got time to say talk about this

654
00:46:12.840 --> 00:46:17.760
really quick. So now we add
into now the surfaced additional race racial tensions,

655
00:46:19.119 --> 00:46:22.480
which I hope the world is at
least in a place now where they're

656
00:46:22.519 --> 00:46:25.920
willing more willing to listen and engage
in conversation and do something about this problem

657
00:46:27.159 --> 00:46:30.440
than they were not willing to do
before. What do you think about that?

658
00:46:30.719 --> 00:46:34.079
Yes? I think. Look,
the polarization is so severe now and

659
00:46:34.119 --> 00:46:38.960
thanks to social media. So you
know, you're either a Muslim or you're

660
00:46:38.960 --> 00:46:44.280
not. You're either black or you're
not. You're either white or you're not.

661
00:46:45.239 --> 00:46:47.559
You're either an American or you're not. Right, you're either a male

662
00:46:49.039 --> 00:46:52.920
or you're not. I mean this
kind of polarization. You're a Republican or

663
00:46:52.960 --> 00:46:55.559
you're a Democrat. You know,
I mean this kind of polarization. You

664
00:46:55.599 --> 00:47:00.199
start dicing and slicing. Everybody's got
a problem with everyone else. The point

665
00:47:00.239 --> 00:47:02.559
is, hey, how did we
survive all these years? And today now

666
00:47:02.559 --> 00:47:07.519
because of social media, people are
taking sides and such harsh bitterness inside of

667
00:47:07.559 --> 00:47:12.760
them which really needs to surface,
and people need to start communicating. People

668
00:47:12.840 --> 00:47:15.599
need to start easing off on that
and say, hey, it's okay.

669
00:47:15.960 --> 00:47:21.360
So if somebody else is affluent,
somebody is underprivileged, whatever the circumstances are,

670
00:47:21.559 --> 00:47:24.400
we need to cohabit it and find
this piece and joy in life.

671
00:47:25.519 --> 00:47:29.239
Yes, I completely agree, and
I would hope what I would like to

672
00:47:29.239 --> 00:47:31.960
offer as a possibility to the listeners
is that could we start with that we're

673
00:47:31.960 --> 00:47:37.480
all humans, citizens, walking the
planet together, and that if we can,

674
00:47:37.519 --> 00:47:39.000
instead of looking at what makes us
different, look at what makes the

675
00:47:39.039 --> 00:47:43.719
other person special and unique interesting,
and lean into that and learn from that

676
00:47:43.800 --> 00:47:49.480
and celebrate that. And at least
I'm very much looking forward to all your

677
00:47:49.519 --> 00:47:52.239
writings and your research and your books. So I'm looking forward to that.

678
00:47:52.760 --> 00:47:54.320
Thank you for the support here.
I so appreciate you, and thank you

679
00:47:54.360 --> 00:47:59.599
for joining us early in the morning
from Singapore today and sharing with us your

680
00:47:59.599 --> 00:48:02.000
beautiful your heart, your soul,
your intellect and where you want us to

681
00:48:02.039 --> 00:48:05.440
go in the world. Thank you
for that and I really enjoyed it.

682
00:48:05.519 --> 00:48:07.719
Alis, Thank you so much,
and I really look forward to speaking to

683
00:48:07.760 --> 00:48:12.159
you again very soon. Likewise,
Jay, if you want to learn more

684
00:48:12.159 --> 00:48:15.719
about Jsparek, his book, or
any of the many notable initiatives he's part

685
00:48:15.760 --> 00:48:19.639
of, start by visiting his website
at jsparrek dot com. Let me spell

686
00:48:19.679 --> 00:48:24.679
that for you. It's ja y
E s H p A r e kh

687
00:48:24.880 --> 00:48:29.559
dot com. Jsparak dot com.
His book and ebook, What Shall We

688
00:48:29.599 --> 00:48:32.400
Do with all This Money? Inspiring
perspectives on Wealth is available on Amazon.

689
00:48:32.599 --> 00:48:37.239
He also clarified that the Yale University
course he mentioned earlier in this episode is

690
00:48:37.280 --> 00:48:39.400
actually called the Science of Wellbeings.
Should you want to look into that for

691
00:48:39.440 --> 00:48:43.079
yourselves. Last week you've missed the
live show, you can catch it be

692
00:48:43.280 --> 00:48:46.360
recorded podcast. We were on the
air with Helle Bundeguard of The Motivation Factor

693
00:48:46.400 --> 00:48:51.519
in the Netherlands, talking about how
to cultivate and leverage this important resource motivation

694
00:48:51.679 --> 00:48:53.760
at work. Next week, we'll
be on there with Hugh Balou of Centervision

695
00:48:53.880 --> 00:49:00.519
Leadership Foundation, talking about his possibilities
thinking mindset approach to all things businessadership and

696
00:49:00.639 --> 00:49:01.880
life. See you there. Remember
that work is at least a third of

697
00:49:01.920 --> 00:49:09.400
our life, So let's work on
purpose. We hope you've enjoyed this week's

698
00:49:09.400 --> 00:49:14.639
program. Be sure to tune in
too Working on Purpose featuring your host,

699
00:49:14.719 --> 00:49:20.679
doctor Elise Cortes each week on the
Voice America Empowerment Channel. Together, we'll

700
00:49:20.719 --> 00:49:28.079
create a world where business operates conscientiously, leadership inspires impassioned performance, and employees

701
00:49:28.119 --> 00:49:31.679
are fulfilled in work that provides the
meaning and purpose they crave. See you

702
00:49:31.760 --> 00:49:34.960
there, Let's work on purpose.