Pulpit rock

Flying High with Jeff Smisek (United/Continental CEO)

With everyone flying home recently during the holidays I thought it would be interesting to look into who is the CEO behind the world’s largest airline United Continental Holdings (with the merger between Continental and United Airlines.)

There is a very interesting article from USA Today on the background of this CEO, Jeff Smisek.

Most interesting is that the USA Today article includes an interview with someone who knew him best, Smisek’s mentor and former Continental CEO Gordon Bethune. Smisek’s success can be attributed to his aggressive business tactics and competitive nature (graduated top of class at Princeton and Harvard Law School).

There is also an excellent LA Times article on Smisek, in which he gives some insight into his leadership skills, stating “There’s an old saying that we use here a lot: There’s no rearview mirror on the flight deck….Because it doesn’t matter what’s behind you. If you’re going 540 miles per hour, who the hell cares what’s back there, right? So you need to look forward. There’s nothing we can do about our past or United’s past. But we can work together to create a tremendous future.”

USA Today article located HERE.

LA Times article located HERE.

Michael Dell on making a comeback

This is a great brief video from 2006, when Dell Computer’s stock was at its all time low. The video details the steps Michael took to rebuild the brand, his turnaround strategy, and the reasons he gave to investors in order for them to keep faith in the company. The video also gives some historical background of the company during this tumultuous time.

Finally, Michael Dell’s advice to anyone looking to follow in his footsteps:

“Be willing to experiment and fail….be willing to try things, and don’t get stuck in any one position…listen and look for breakthroughs”

Don’t Mess with The DeJoria: Homeless Man to Branding Billionaire


Whenever I’m getting a haircut I always notice all those Paul Mitchell bottles shelved up high, or in the hands of some hair stylists aggressively selling it to me. There must be a good story behind this brand which is constantly in ones face.

Due to the packaging, most people know the name Paul Mitchell, but the name John Paul DeJoria is lesser known.

However John Paul DeJoria’s rise to wealth is most spectacular, simply because he used to be homeless, and grew up nearby in the Echo Park neighborhood of Los Angeles.

Some details about DeJoria’s life:

-DeJoria and his brother were moved into a foster home after his parents divorced

-DeJoria was part of a street gang in East Los Angeles (he got out and joined the Navy)

-Had many odd jobs, working as a janitor and life insurance salesman

As a natural salesman, DeJoria earned a marketing position at Time Magazine, leading to subsequent promotions, and then worked for Redken Laboratories (hair care brand now owned by L’Oreal).

Later, In 1980 DeJoria met Paul Mitchell and together they formed John Paul Mitchell Systems with a loan for $700 (see this link for starting up a company with low capital).

DeJoria’s proven resilience, despite the hardship in his life, carried over in his business.

A great quote from DeJoria is such ” I have said many times [Read more...]

How He Did It: NetFlix CEO Reed Hastings

With all the buzz, streaming viewer convenience, and continued shooting stock price of Netflix, I wanted to take a look at who was behind this influential movement.

Reed Hastings is the CEO of Netflix, and he describes his rise to wealth in this excellent article from INC.Com back in 2005.

Also below is a link to a recent video from 60 Minutes.

http://www.cbsnews.com/video/watch/?id=2223713n

Most interesting is to hear Reed speak about viewers preference from DVDs to streaming entertainment, and its similarity with listeners preference from CDs to MP3s.

In the INC.com article, he discusses founding his first company Pure Software, which was a [Read more...]

Fastest Growing Companies of 2009 by Fortune and CNBC

To anyone who has not already seen it, this is a fantastic episode below hosted by CNBC and Fortune Magazine. Interviews are conducted with CEO’s from some of the fastest growing companies of 2009.

It is a top ten list, David Letterman style. A wide spectrum of businesses is covered including fashion, food, oil and asset management.

Companies profiled, and CEO’s interviewed are with:

-Black Rock (3 trillion under management, bigger than the Federal Reserve)
-Personal favorite Chipotle! (1.3 billion in sales from burritos)
-UGG Boots (hear how they kept the integrity of the brand)
-Oil giant Arena Resources (very detailed description of their business, and all the domestic oil we actually have! )

Most interesting is to hear about McDonald’s blooming partnership with Chipotle which was cut fast, after an apparent exploitation of the franchise. Also note Chipotle CEO Steve Ells started the business with an 85k loan from his father, and states attention to detail as one reason for his success.

Also make sure to check out the interview with Black Rock president Robert S. Kapito, towards the end of the program.

Not surprisingly a tech company was the #1 fastest growing company. But you will just have to watch the video to see who it is. A hint: it is a Canadian company.

Marc Newson on Influences

For anyone who is unfamiliar with him, Marc Newson is one of the most influential designers, selling his designs (be it art, furniture, or jewelry) for millions of dollars per piece.

Being able to generate such value for one’s creation ultimately beckons the question of “what are some of his influences”.

In this video below Newson discusses his influences, and how he applied them to the design business.

Most notably, Newson champions world travel (so get out of the office if you want to succeed creatively!). Similar to Oracle CEO Larry Ellison, Newson also speaks about the influence the culture of Japan has had on his profession.

Definitely check out this interview of Newson by TIME located HERE.

MORE on Newson HERE, or HERE.

Additional video after the jump (longer yet more general interview).

[Read more...]

Charlie Rose interviews Groupon.com CEO Andrew Mason


To anyone who did not catch it last night on Charlie Rose, below are some snippets from the Andrew Mason interview (Founder/CEO of Groupon), in which he describes the beginnings of his business and continued success.

This guy must be confident that he is heading in the right direction, considering he just turned down a $5 billion dollar buyout from Google.

In the videos below he describes the idea behind the business, and how it was successfully launched. The company’s growth is astounding. Groupon is now in 35 countries, with 40 million subscribers, and approximately 3 million new subscribers joining every week.

He also speaks about the benefits Groupon has had on local businesses, and his company’s very persuasive performance based marketing.

Additional video after the jump.

[Read more...]

Raising Capital Advice from The Kauffman Foundation

This below is a great brief interview from the Wall street Journal with Bo Fishback, VP of Entrepreneurship from The Kauffman Foundation (Foundation with an asset base of $2 billion) on the fundamentals of raising capital.

Most interesting is to notice that before considering Angel Investors or Venture Capitalists, one might consider Small Business Innovation Research Grants from the NSF (National Science Foundation), or SBA Loans (US Small Business Administration).

Also worth noting are some of the thoughts he mentions to consider before “giving a piece” of your business to someone else.

Fore more on Small Business Innovation Research Grants from the NSF click HERE, or HERE. For more on SBA Loans click HERE.