YouSaid · the spoken record

Les Schwab

lines on the record

1

first

2023-12-11

most recent

2023-12-11

sittings or episodes

1

sources

podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

1. “There is another idea when you're promoting. Are you going to That to study Leshwab had one of the smartest financial incentive structures of any company that Charlie Munger had come across. So this is what Les Schwab did. He did not want to hire other people from other companies because they might come with bad habits. He liked to train his own executives. And so he says in our 34 years of business, we have never hired a manager from the outside. Every single one of our more than 250 managers and assistant managers started at the bottom changing tires. They have all earned their management job by working up. And then another thing, if you're going to hire the best of the best and A players, A players don't like to be micromanaged. And so this came in Larry Miller's autobiography called Driven. He owns like 93 companies all throughout Utah, car dealerships, movie theaters, all kinds of crazy stuff. But he also owned the NBA team Utah Jazz. And what was fascinating is he's trying to recruit Jerry Sloan as the coach at the park.”

   2023-12-11 · Founders · #330 Les Schwab (Charlie Munger recommended this book) · IDENTIFIED FROM THE TRANSCRIPT · source