On the podcast The Prof G Pod, Scott Galloway discusses how the media portrayed the end of an Apple-Goldman consumer finance partnership. He blames Goldman communication staff for the poor reflection on the company.

From about 19:15 to 25:00 on the segment, “Goldman and Apple Part Ways” [NSFW], Galloway and cohost Ed Elson describe how the story was framed in inflammatory headlines, for example, WSJ’s “Apple Pulls Plug on Goldman Credit-Card Partnership” and Business Insider’s “Apple Wants to Cut Ties with Goldman Sachs.” They say the headlines are surprising because Goldman initiated the split, not Apple.

Galloway provides two reasons for the slant. First, he blames Goldman for not managing the message. He said, “Quite frankly, the comms people at Goldman didn’t do their job.” He also said, “The core competence now of every CEO has to be storytelling.” Second, he said the media tends to favor Apple.

They also discussed what gets read. Ed Elson asked for ChatGPT’s help in writing headlines to get clicks, and the results were similar to those published.

Despite Galloway’s usual cursing, the segment is useful for students to learn about corporate communication, particularly the importance to company valuation.