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At Barron's

S&P Global Has a $135 Billion Market Cap. How Did It Get There?

At Barron's

At Barron's

Business

4.717 Ratings

🗓️ 13 June 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

Watch CEO Doug Peterson speak about the company's strong performance, data, AI, climate change, and more.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello everyone and welcome to At Bairns. I'm Andy Server and welcome to our guest Doug Peterson, CEO of S&P Global.

0:13.0

Doug, great to see you.

0:14.0

Great, thanks Andy. It's great to be here today.

0:16.0

So your company's gone through a lot of changes, but let's start by you talking about exactly what

0:21.2

S&P Global does today, the lines of business, etc.

0:23.8

Yeah, so SMP Global is a diversified financial data analytics company. We have the rating

0:28.9

agency, an index business, which everybody knows through the S&P 500 in Dow Jones. We have

0:34.1

market intelligence, which has information for financial markets all the way from investor relations to date on desktops for bankers. We have market intelligence, which has information for financial markets, all the way from

0:37.8

investor relations to date on desktops for bankers. We have a Commodity Insights business, which includes

0:43.2

the Brent benchmark for oil prices, and then a mobility sector, which includes a company

0:47.7

called Carfax.

0:49.0

So we were just talking. Used to be the old McGraw-Hill company right here on 6th Avenue. We both worked here for a while.

0:56.7

What is that, and since then, I should say, you guys have bought companies, sold companies

1:00.9

are along the way. You've bought and sold a lot of companies. What does that legacy, though,

1:04.8

mean to this company at this point? Well, the legacy is important. In fact, the legacy goes back to

1:09.7

the 1860s when Henry Varnan Poor

1:11.9

started the very first financial information book. It was about railroads and canals, which is,

1:17.9

you know, we're opening up the United States to the West at that time. And so we think about that

1:22.2

legacy because it gives us the ability to always be opening up markets and information so people

1:27.1

can make decisions.

1:28.8

But then more recently, about 15 years ago, there was a shift in the board of directors

1:34.3

of McGraw-Hill to start thinking about the difference between traditional publishing and financial

...

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