Merck CEO: I was one of 'a few inner city black kids' who rode a bus 90 minutes to a better school—and it changed my life

Merck CEO Kenneth Frazier says he would not be where he is now without the educational opportunities he was afforded as a kid. "When I was growing up in the inner city of Philadelphia...[leaders] decided to take a few inner city black kids put them on a bus make them ride 90 minutes to different schools to get a rigorous education," Frazier said on CNBC's "Squawk Box." "I know for sure — that would put my life on a different trajectory."