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Richard Tedlow

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60
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2021-11-15
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2021-11-15
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1
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  1. Business school question. He was a Fuqua scholar at Duke's Business School. He gave me a very good business school answer. He said, can I ask you a question? And I said, yeah, we can make this a regular conversation. Then, after him, I met Johnny Ive, Ron Johnson, who started the stores, and I was really smitten by the idea of starting a new marriage, and a new set of challenges, and so that's how that happened.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  2. And in a business, it's not that way. If you don't perform, they get rid of you. I mean, it's like horrifying. So I went out and I had a set of interviews that I will never forget. The first interview was with someone who told me all about his house on Lake Tahoe. And so, okay, you have more money than I do next. So the next interviewer came in and told me all about her house on Lake Tahoe, and it was kind of the same thing. But they paid for it, and I was perfectly happy. The third interviewer was Tim Cook. He didn't say that. He came in and said nothing, and it was very intriguing that he was comfortable with silence. And so I was looking at him and I was figuring, you know, he's the chief operating officer at the time, this was twenty ten. Steve Jobs was still alive, and I thought to myself they must be paying this man an awful lot of money, why don't I ask him a question? So I asked him, I think a very good

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  3. Part of it frankly was personal, my late beloved first wife died of ovarian cancer. I was fortunate enough to get a second chance I remarried a number of years thereafter, and it just it seemed to me that with the remarriage it was time for a change. I certainly didn't want to live in the house that I had lived in with my first wife, with my second wife. It didn't make any sense. Then Apple came along out of the blue and said, you know, we're starting something called Apple University. Why don't you come out and interview? And they were willing to pay for the flight, so I didn't want the job because when you're tenured at Harvard, you can't be fired no matter how dumb you are.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  4. There's an old saying that planning is vital and plans are useless in the Harvard Business School classroom, that is the truth. I don't think there's anybody in the history of the school who ever planned a class more carefully than I did. And when I walked in there I tried to throw the plans away and just let things happen, get the students to interact in ways that I wasn't expecting, and that they weren't expecting, because when that happens, two very important things take place. One is I'm a firm believer in participant centered learning, by which I mean that you, Ted Sides, are more likely to be impacted and to remember something that you figured out yourself than something that somebody else has told you. So that's one thing. And the other is you never really know how students are going to interact with one another, and you want to let that happen in real time.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  5. Very small percentage of equity in the corporation. Then how did the labor movement in the early 20th century respond to the coming of big business managerial enterprise to the United States? And how did the government respond? And that was the course that I taught. My own personal interests have always tended toward biography. So twenty years ago I wrote a book called Giants of Enterprise, which was essentially biographical sketches of seven business executives, and that's because I enjoy finding out the conflicts these people dealt with, their thrusts, and their parries, and the battle of business. And I've always found that a very interesting story.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  6. The railroad revolution took place beginning in the late eighteen forties and very strongly in the eighteen fifties, that's when you began to get managerial hierarchies, with that came a whole host of issues such as agency problems and all the rest of it. That's the master narrative of business history, that story, the story of the coming of management, of people who Made major decisions with regard to allocating resources, but who

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  7. It is a big one. There were two things first there's the survey What's the master narrative of business history in the United States? And that was provided by one of my two wonderful mentors, a man named Alfred D. Chandler Jr. And the master narrative was the coming of management. Prior to eighteen forty two Approximately in the United States, it was a nation of small businesses. Owners, knew other owners, Workers knew other workers, owners knew workers, and there was perfect information. Basically, it was the world of neoclassical economics.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  8. I discussed it briefly with my father. This is when he said the line is very cold out there. He also said hammer strike anvil bear, which I took to mean that it's very important to know the difference about race. Whether you are the hammer or the anvil, and most people in business are the anvil, and when you're the anvil, you've got to take a lot of punishment. And since he was, I think, a protective man, he wanted me to find a safe haven, and that was not in the business world. So to be honest with you, Ted, I don't think I would have been a successful business executive. I don't think that's who I am. This fits me like a glove, and I'm very comfortable. Having spent my life doing this.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  9. What happened was when I was five years old, sixty nine years ago, my mother bought me a book called History Can Be Fun. and I still have the book, and it's true, history turned out to be fun, and I became interested in business history because my father was a business executive, and I was always curious about what exactly he did when he got up in the morning and went to work. It was that simple, and it was I was very much of a destination shopper. Once I found this home for my intellectual ambitions, I really didn't want to do anything else.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source

  10. My guest on today's show is Richard Tedlow, the class of 1949 professor of business administration emeritus at the Harvard Business School, where he spent three decades teaching business history. Richard left HBS in 2010 to join the Faculty of Apple University, and he retired in 2018. Earlier this year, he published The Emergence of Charismatic Business Leadership, which is the subject of the show. Our conversation covers Richard's background and lessons learned teaching for four decades. We then turned his latest tome discussing the American history of business leaders without charisma, transitional period introducing charisma, and the modern era of superstar CEOs. Along the way, we discussed the definition, traits, downside, and future of charismatic Business leadership. Please enjoy my conversation with Richard Tedlow.

    2021-11-15 · Capital Allocators · Richard Tedlow - Charismatic Business Leadership (Capital Allocators, EP.222) · IDENTIFIED FROM THE TRANSCRIPT · source