The Prof G Pod with Scott Galloway Office Hours: Tesla’s ESG Rating, the Closed IPO Market, and Advancing Your Career
Jun 6, 2022
Discussion kicks off with S&P's surprising move to drop Tesla from its ESG index, raising eyebrows about corporate ethics. The challenges of the stagnant IPO market come into play, reflecting on what that means for future investments. Listeners get thoughtful advice on job satisfaction—balancing loyalty with the need for career mobility is key. The importance of self-assessment in one’s career journey is underscored, alongside strategies for leveraging market value in salary discussions.
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ESG Ratings Criticism
- S&P removed Tesla from its ESG index while keeping Exxon, highlighting the flaws in ESG ratings.
- Scott Galloway criticizes this decision, arguing that ESG has become a meaningless marketing tactic.
Tech IPO Market
- The tech IPO market is currently closed due to market conditions, not individual company performance.
- While it's uncertain when it will reopen, it's expected to take between three months and a couple of years.
Career Advice
- Evaluate your job based on factors like senior sponsorship, growth opportunities, and company performance.
- Conduct periodic market checks to assess your external value and leverage it for internal advancement.