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tv   The David Rubenstein Show Peer to Peer Conversations  Bloomberg  May 9, 2018 9:00pm-9:31pm EDT

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♪ president trump called you and said i need you to help the country. what would you say? condoleezza: i am happy to be doing what i am doing now. david: you negotiated with north korea. , nothingza: i thought else has worked, so why not? david: on the iranian agreement. condoleezza: i did not support that agreement. david: what are the qualities you think great leaders have? condoleezza: a sense of humility about what they can achieve. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪
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david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody tick? president trump called you and said i need you to come in and help your country, what would you say? condoleezza: i would say, mr. president, there are so many people can help our country. give me a call if there is anything you want to talk about. been: your name has mentioned as a vice presidential and presidential candidate. can you say for sure you're not likely to run? condoleezza: i can say that with more certainty.
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you have to know your dna. i don't have the dna of a politician. i love policy. i don't love politics. birminghamgrew up in , alabama in the segregated south. some of your friends were in the terrible birmingham, alabama church bombing. did you ever think you would rise up to hold these kind of positions you held? condoleezza: it never occurred to me, but because i thought i would be a great concert pianist. my parents were people who had me convinced that even if i at a not have a hamburger lunch counter, i could be president of the united states if i wanted to be. in my family, you were going to achieve, go to college. i am not the first phd in my family. your father -- condoleezza: my father and my aunt.
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she wrote books on dickens. david: you were an only child. your parents focused a lot on you. condoleezza: definitely. david: you were a ballerina. condoleezza: every lesson known to humankind. they kept me going. i had french lessons. my mother decided every well bred young girl should speak french. at nine years old, i was dragged off to french lessons on saturdays. i had ballet lessons. we had etiquette lessons. i was a pianist. my parents kept me very busy. david: your mother was a schoolteacher? condoleezza: my mother was a teacher and a musician. my mom taught willie mays. david: was he a good student? condoleezza: i asked him once. , son, youe told me are going to be a ballplayer. if you need to leave early, you go ahead and do that. [laughter]
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david: your father was a republican. condoleezza: yes, he was. in the early 1950's in birmingham and alabama, that weren't many republicans. the way that it happened is my father and mother before they were married went down to register to vote and the paul tester looked at my father, big, tall man, football player, and said, so how many beings are in this jar? my father could not answer the question. he said, you don't pass the test. my father went back to his church and told the story to the man who was one of his elders, and he said, reverend, don't worry about it. i will tell you how to get registered. there is a clerk who is a republican. to build a is trying republican party. if you say you are a republican, she will register you. my father went down and got registered.
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he never forgot it. he remained a republican the rest of his life. david: you took up yeah no when you were 15? condoleezza: when i was three. there is a great advantage to learning to play that early. i could read music before i could read. it was like a native language. i have always been a good reader because it is natural to read the notes. david: you played with yo-yo ma. what was that like? condoleezza: my secretary said yo-yo ma is on the phone for you. i said come you mean the greatest living cellist? he was getting a national medal of the arts and wanted me to play with him. we've played at constitution hall before 2500 people. theas wonderful, one of highlights of my life. i played with yo-yo ma because i was the national security adviser. [laughter]
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condoleezza: he held up his end of the bargain. madeleine albright's father was your teacher. condoleezza: he got me into international politics. major,there as a piano but graduated with just enough units to be a political science major. of music and 45 in political science. david: he went to notre dame to get a masters, then stanford later? condoleezza: i went to stanford on a one-year fellowship in the arms control and disarmament program learning the physics of nuclear weapons, how many warheads on -- stanford was looking to diversify its faculty. it engaged in what i think is a smart way to do affirmative action. to this day i believe our affirmative action is still necessary, which means you look outside of your normal channels to find people.
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they have in their midst a young, black woman who was a specialist. saidoffered me a job, they very firmly, when it comes time for your reappointment -- this is after three years -- the fact that you came through this appointment will mean nothing at all. i remember saying, oh, three years, that sounds about right. that will give me time to see if i like you and you like me, which i don't think a dean of stanford had ever heard. david: you were a classical musical performer as well. condoleezza: they had none of those as well. say of the would you chances north korea, the u.s. come in south korea can come to some agreement? condoleezza: when i heard the president accepted kim jong-un's invitation, i thought, oh my goodness, what is he doing? why not give it a try? ♪
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david: you were recruited to come to the churc george herbert walker bush white house. condoleezza: i got to be the soviet specialist at the end of the cold war. david: you were there when the berlin wall went down. condoleezza: i was one of the people the minute the berlin wall fell, a bunch of us went to the oval office and said, mr. president, you have to go for berlin, for kennedy, truman, reagan. he said, what would i do? dance on the wall question mark he said this is a german moment, not an american moment. i will never forget that. it was so much george h.w. bush,
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modest, a great sense of humility, and it was the right thing. he was absolutely right. david: you saw him recently at the barbara bush funeral. did you have a chance to talk to him? condoleezza: i did. i did. i had a chance to talk to him and tell him how much i love him and loved mrs. bush. they come at that will be missed. they were people who understood kindness and humility and gentility. they made their mistakes most certainly, but when you think about that family and what george h.w. bush did as a public servant, it makes you think of a wonderful time for our country. bill clinton defeated your boss. were you shocked by the outcome? condoleezza: i had already gone back to stanford and became provost. i was surprised. he had done what he needed to
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do. i don't think there will ever be a full accounting of how much it was the way that he did the diplomacy at the end of the cold war with respect for gorbachev, never humiliating the soviet union, not dancing on the wall. one of the last things gorbachev did before he went how to sign the paper that would collapse the soviet union and allow more yeltsin to become president of the russian federation, he called george h.w. bush and said, we did good things, didn't we? history will judge us well. i said to president bush, do you realize how are extraordinary this is? he said i never thought about it. i said the president in his last act before the collapse of the soviet union called the american president essentially to seek his affirmation. that was a big deal. that is the way he was. david: another member of the family decides to run for
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president, george w. bush. you become the national security the first woman. you are there and the 9/11 happens. where were you on 9/11? my desk.za: i was at president bush was at that event in florida. just to show you our pre-9/11 thinking, i did not go with him that day. my assistant came in and set a plane hit the world trade center. first we thought it was an accident. i called president bush. a few minutes later we learned the second plane hit the world trade center and we knew it was a terrorist attack. just a procession over the day and the next several decisions for the president of the united states. states had not been attacked on its own territory since the war of 1812. we have no structures or institutions for internal security for the country. it was flying without a compass. david: subsequently president
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bush decided to invade iraq to topple saddam hussein. so in light of hindsight, had you known there were no weapons of mass instruction, would you have still gone forward? condoleezza: i say to people what you know today can affect what you do tomorrow, but not yesterday. believed as all the intelligence agencies around the world did that he had weapons of mass to and was reconstituting them quickly, and it was on that basis that we decided that you finally had to do with the international community had been threatening to do to have serious consequences. in retrospect, i don't know if we had known what we would have done. i still think the world is better off without saddam hussein. he was a cancer in the region. through anwent extraordinarily difficult time, and the thing i would do differently is how we rebu rebut
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iraq. i would rather be iragi than syrian today. iraq has a chance to be a stabilizing element because they have an accountable government, the kurds and baghdad are finding some way of dealing with one another, and it is a very different place. the arab spring was going to happen. would have made syria look like child's play, so you never know what you prevented. you will never be able to bring back the lives lost and to deal with that, but i think in the long arc of history, iraq will turn out ok, and i wish we had not left in 2011. the one thing that might have made me think differently about we would think that have not stay to help make the transition. david: president bush is reelected and you become secretary of state.
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what is it like to go around the world? condoleezza: i loved it. i loved representing the country. every time i stepped off the plane, i got a chill. i have often said that it was a little bit like when i was sworn in. ,ere i took an oath of office and i take that oath of office in front of a portrait of ben franklin, sworn in by a jewish woman, ruth bader ginsburg, who my neighbor at the watergate. in some ways it showed how far our country had come. i always felt when i was out there that i could speak about ,he hard road to democracy about the importance of institutions becoming more peopleve over time, two having those challenges, because i had personally experienced
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them. david: let's talk about today's situation. we face the north korean problem p you have negotiated with the north koreans. what are the chances north korea, the u.s., and south korea can come to agreement? condoleezza: when i heard the president accepted kim jong-un's invitation, i thought what is he doing? then i thought, nothing else has worked, so why not? i actually think they set the table pretty well. one of the conditions that is different is that once kim jong-un's programs got to the place where they threatened the united states, i think it got china's attention that the united states might actually go to war to prevent a north korean leader from being able to threaten united states, so i think they have a chance. i would say three things. the first is north koreans have a history of when they are under sanctions and start to bite, coming to the table, making promises, then not caring through, so be aware.
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secondly, be very cognizant of interests.ries' don't be quick about removing american troops. the troops are stabilizing the korean peninsula and the region. finally, never forget the nature of that regime. this is a regime that murdered an american several months ago, reached out and murdered his half-brother with vx gas in malaysia, which was a message to the chinese. he was under chinese protection. word was he was china's favorite in case something happened. wasd: the iranian agreement negotiated by john kerry and barack obama, did you support that agreement? condoleezza: i did not support that agreement. the iraniansave too much at a time when we had the upper hand and could have gotten more. i also thought the verification i wouldre very weak, so
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not have signed the agreement, but i said i probably would have stayed in it because once you are in an agreement, you don't want to signal the united states turns its back on agreements that are there. it won't be the end of the world. david: let's talk about vladimir putin. you have met him. does he speak english? condoleezza: he was teaching himself english, and by the time we left office, he could converse a little bit and english. i know him well. he liked me, actually, used to. said,once with him and he russia is only great when it has been run by great men. you think, vladimir the great, is that the message here? thehinks he is reuniting russian people and greatness and reestablishing russian influence, even if he has to do it by military means. david: you have seen great leaders around the world.
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what are the qualities you think great leaders have? condoleezza: integrity is at the center of being a great leader. once you lose people's trust, you have nothing. think rate leaders have it since a few melody about what they can achieve. david: humility? condoleezza: humility. david: versus arrogance. condoleezza: versus arrogance. arrogance and hubris are recipes for disaster. ♪\
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david: let's talk for a moment about non-foreign-policy matters. talk about athletics. you were one of the first two women to be admitted to augusta national. was that a surprise? condoleezza: a total surprise that came totally out of the blue when someone offered me membership. he said come you are going to say yes, aren't you? david: are you a good golfer? condoleezza: i am an ok golfer. i started late. took up golf the summer i was secretary of state and didn't play very much, but i love it. yeah, i am a decent golfer now,
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a good putter. david: you once said you would not mind being the nfl commissioner. condoleezza: i told a good friend of mine, roger goodell. it does not look so good from northern california. [laughter] david: since you left government, you have written four books, and a new book about the political risks business people should take into account when making business decisions. why is this an important consideration? condoleezza: when people thought about political risks, they thought about the appropriation of property or the nationalization of industry. now the political risks are multiple. they are sometimes surprising. a person who gets on your seizure flight attendant treat someone poorly and has a cell phone and documents it, united airlines. that is political risk. a supply chain that is deep into
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china, and now there is consideration of a trade war with china. that is a political risk. and so what we wanted to do was say there are lots of sources of political risk, look around corners, look in your industry and say, what are my sources of political risk? by the way, what is my risk appetite? , i mention theer russians, is a whole category of risk in and of itself. david: your point is that businesses when they make decisions should take into account political risk as well? condoleezza: and constantly surveying the landscape or how those risks are multiplying in changing. david: what would you like people to think of as your major accomplishment? condoleezza: my government career. i hope people think i represented the united states well and hope people think that i represented our values, especially that we stand for people who have no voice
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themselves, that people who are suffering in jail cells and putting their lives on the line for the very rights that we almost take for granted. you can say what you think, worship as you please come and be free from the secret police. that we abdicated for that and we believe no corner of the earth should live in tyranny. my academic career, i hope that people think that i helped a new generation of kids come up many generations of kids, find themselves and recognize that it was never my job to tell them what to think, to tell them what i thought in a rigorous and systematic way, and that may be a few leaders that i trained will take that to their leadership. david: you have seen great leaders around the world and the united states. what are the qualities you think rate leaders have in the qualities that people who are not rate leaders fail to have? condoleezza: integrity is at the
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center of being a great leader. once you lose people's trust, you have nothing. i think great leaders are visionaries. i mean that they see the world as it should be, not as it is. think of nelson mandela and how sitting in a jail cell for all of those years did he not think, when we are finally in power, blacks are going to dominate rights, rather than think of a multiracial, multiethnic south africa for all south africans. greatmportantly, i think leaders have a sense of humility of about what they can achieve. david: humility. condoleezza: humility. david: versus arrogance. condoleezza: versus arrogance. arrogance and hubris are recipes for disaster. my dad was, my parents were great people. they always talk me that you need personally to do three things. if you're going to lead and be successful. the first thing is try to be
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twice as good. work hard enough to be confident that you have worked hard enough to be twice as good. i amdly, and remember growing up in segregated birmingham, alabama, and they were trying to armor me. secondly, never consider yourself a victim. victim, think you are a you have given control of your life to somebody else. you may not be able to control your circumstances, but you can control your responses to circumstances. there is something i tell minority kids, women, and others who are from populations that have been in one way or the other marginalized, my father once said to me, you know, if somebody doesn't want to sit next you because you are black, that is fine, as long as they move. in other words, don't take somebody else's prejudice on you. it is their fault, their problem, not your problem, and so don't be disabled by people who may have prejudice. ♪
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