Our friends at the Future of America podcast recently published a conversation between IBM CFO and senior vice president Jim Kavanaugh, and McKinsey senior partner and CFO Eric Kutcher. 



Jim and Eric’s discussion focused on how CFOs and other business leaders can continue to deliver sustainable, inclusive growth in the current challenging environment. They discussed the importance of resilience, and imperatives for today’s business leaders around talent, recruitment, and retention. 



It's our pleasure to share their conversation with you today. 



Follow the Future of America podcast: 
https://podcasts.apple.com/us/podcast/future-of-america/id1616517376

Our friends at the Future of America podcast recently published a conversation between IBM CFO and senior vice president Jim Kavanaugh, and McKinsey senior partner and CFO Eric Kutcher. 

Jim and Eric’s discussion focused on how CFOs and other business leaders can continue to deliver sustainable, inclusive growth in the current challenging environment. They discussed the importance of resilience, and imperatives for today’s business leaders around talent, recruitment, and retention. 

It's our pleasure to share their conversation with you today. 

Follow the Future of America podcast: https://podcasts.apple.com/us/podcast/future-of-america/id1616517376

We talk with McKinsey partners and corporate executives on the challenges they face creating lasting strategies in a fast-changing world. We also examine the different ways these executives approach these challenges and the new and innovative ways they think of creating a vision for their enterprises.

What does it take to survive in a world of constant change? More than ever, enterprises need to create strategies that can meet current needs but also adapt to future demand. A regular series of interviews with McKinsey partners and corporate executives.

Inside the Strategy Room

The world is moving faster, and as upheaval becomes the norm, vast business opportunities will be within the grasp of the extraordinary few.  But it takes bold people and courageous approaches to seize those opportunities and create value.

In each episode of our weekly podcast, we interview the world’s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allow their businesses to win by moving faster than the world around them. 

The world is moving faster, and as upheaval becomes the norm, vast business opportunities will be within the grasp of the extraordinary few. &nbsp;But it takes bold people and courageous approaches to seize those opportunities and create value.
In each episode of our weekly podcast, we interview the world&rsquo;s highest-performing CEOs, CFOs, innovators, and McKinsey experts and discuss how they build the courage, clarity, conviction, and cohesion that allow their businesses to win by moving faster than the world around them.&nbsp;

Jim Kavanaugh and Eric Kutcher explore how we can build a future that drives sustainable and inclusive growth

124. IBM’s CFO and senior vice president Jim Kavanaugh on how to deliver sustainable, inclusive growth

While artificial intelligence is moving rapidly from experimentation to execution, many companies still struggle to capture real value from the technology. In this episode, we’re joined by Professor Jean-Paul Carvalho and Robin Nuttall to explore how CEOs can more effectively scale AI and to discuss the technology's implications for the future of work and organizations.

Jean-Paul is Professor of Political Economy at the University of Oxford’s Department of Economics and Director of Oxford Elevate. Robin Nuttall is an expert partner in our London office and a leader of our regulatory strategy and environmental, social, and governance work. Robin is also a Business Fellow at the University of Oxford’s Economics Department.

Related insights
How AI is transforming strategy development
The state of AI in 2025: Agents, innovation, and transformation
Building next-horizon AI experiences
Artificial intelligence in strategy

While artificial intelligence is moving rapidly from experimentation to execution, many companies still struggle to capture real value from the technology. In this episode, we&rsquo;re joined by <a href="https://www.economics.ox.ac.uk/people/jean-paul-carvalho">Professor Jean-Paul Carvalho</a> and <a href="https://www.mckinsey.com/our-people/robin-nuttall">Robin Nuttall</a> to explore how CEOs can more effectively scale AI and to discuss the technology's implications for the future of work and organizations. Jean-Paul is Professor of Political Economy at the <a href="https://www.economics.ox.ac.uk/">University of Oxford&rsquo;s Department of Economics</a> and Director of <a href="https://www.economics.ox.ac.uk/oxford-elevate">Oxford Elevate</a>. Robin Nuttall is an expert partner in our London office and a leader of our regulatory strategy and environmental, social, and governance work. Robin is also a <a href="https://www.economics.ox.ac.uk/people/robin-nuttall">Business Fellow</a> at the University of Oxford&rsquo;s Economics Department. Related insights <a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-ai-is-transforming-strategy-development">How AI is transforming strategy development</a> <a href="https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai">The state of AI in 2025: Agents, innovation, and transformation</a> <a href="https://www.mckinsey.com/capabilities/tech-and-ai/our-insights/building-next-horizon-ai-experiences">Building next-horizon AI experiences</a> <a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/artificial-intelligence-in-strategy">Artificial intelligence in strategy</a>

295. AI, strategy, and the future of work: What business leaders need to know 

What does today’s wave of AI and economic change really mean for markets, jobs, and leadership?

In this episode, David Solomon, Chairman and CEO of Goldman Sachs, joins our North America Chair and senior partner, Eric Kutcher, to explain why he sees the current moment as more evolutionary than unprecedented. Solomon discusses what’s driving market resilience in 2026, including fiscal policy, AI infrastructure investment, and shifting trade dynamics. He also shares how Goldman is using AI to boost productivity, reengineer core processes, and invest for long-term growth—as well as candid lessons on leadership, resilience, and decision-making at the top. This episode was recorded in December 2025.

Related insights

The strategic realities of a new era

‘Saying “I don’t know” is one of the hardest things a leader can do’: A conversation with Delta CEO Ed Bastian

Retired US Navy Admiral Eric Olson: Leading effectively in uncertain times

Building geopolitical resilience: A conversation with Michèle Flournoy

What does today&rsquo;s wave of AI and economic change really mean for markets, jobs, and leadership?
In this episode, David Solomon, Chairman and CEO of Goldman Sachs, joins our North America Chair and senior partner, Eric Kutcher, to explain why he sees the current moment as more evolutionary than unprecedented. Solomon discusses what&rsquo;s driving market resilience in 2026, including fiscal policy, AI infrastructure investment, and shifting trade dynamics. He also shares how Goldman is using AI to boost productivity, reengineer core processes, and invest for long-term growth&mdash;as well as candid lessons on leadership, resilience, and decision-making at the top. This episode was recorded in December 2025.
Related insights
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-strategic-realities-of-a-new-era">The strategic realities of a new era</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/saying-i-dont-know-is-one-of-the-hardest-things-a-leader-can-do-a-conversation-with-delta-ceo-ed-bastian">&lsquo;Saying &ldquo;I don&rsquo;t know&rdquo; is one of the hardest things a leader can do&rsquo;: A conversation with Delta CEO Ed Bastian</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/retired-us-navy-admiral-eric-olson-leading-effectively-in-uncertain-times">Retired US Navy Admiral Eric Olson: Leading effectively in uncertain times</a>
<a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/building-geopolitical-resilience-a-conversation-with-michele-flournoy">Building geopolitical resilience: A conversation with Mich&egrave;le Flournoy</a>

294. Goldman Sachs’ David Solomon on adapting to economic and technological change

After a long period of uncertainty, the fog has lifted, and while private equity rebounded in 2025, the clearer visibility has also revealed a more complex and demanding landscape.

In this episode, the authors of our 2026 Global Private Markets Report unpack the structural shifts reshaping the industry—from elevated multiples and longer hold periods to the growing importance of scale, specialization, and alternative capital. They also explore how artificial intelligence is emerging as a core driver of competitive advantage, with early adopters embedding AI into pricing, productivity, and portfolio strategy to create structural alpha.

As private equity continues to mature, dispersion between leaders and laggards is set to widen. The question for dealmakers, operators, fundraisers, and LPs alike: who is equipped to best navigate this new terrain?


Related insights 

Global Private Markets Report 2026 Private equity: Clearer view, tougher terrain

After a long period of uncertainty, the fog has lifted, and while private equity rebounded in 2025, the clearer visibility has also revealed a more complex and demanding landscape.
In this episode, the authors of our 2026 Global Private Markets Report unpack the structural shifts reshaping the industry&mdash;from elevated multiples and longer hold periods to the growing importance of scale, specialization, and alternative capital. They also explore how artificial intelligence is emerging as a core driver of competitive advantage, with early adopters embedding AI into pricing, productivity, and portfolio strategy to create structural alpha.
As private equity continues to mature, dispersion between leaders and laggards is set to widen. The question for dealmakers, operators, fundraisers, and LPs alike: who is equipped to best navigate this new terrain?
 Related insights&nbsp;
<a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report">Global Private Markets Report 2026 Private equity: Clearer view, tougher terrain</a>

124. IBM’s CFO and senior vice president Jim Kavanaugh on how to deliver sustainable, inclusive growth

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