I remember coming up in the business and seeing how the grind turned some executives into grizzled cynics. And I vowed to never become that guy. I have always believed it's incumbent upon network brass to bring a wide-eyed optimism to the chairs they rent. Talent deserves that. And frankly, the jobs are just no fun otherwise.
There are companies trying to build business within Saudi Arabia, and what they find is that if they try to bring on locals and teach them how to become senior executives, they just don't show up to work. They are not predictable as to when they'll come in and how much of their hearts are into that opportunity.
Fun is at the core of the way I like to do business and it has been key to everything I've done from the outset. More than any other element, fun is the secret of Virgin's success. I am aware that the ideas of business as being fun and creative goes right against the grain of convention, and it's certainly not how the they teach it at some of those business schools, where business means hard grind and lots of 'discounted cash flows' and net' present values'.
We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.
Too many people who come in as CEO of a poorly performing company assume that none of the incumbent executives are worth retaining. That's not always the case. Sometimes the talent is there, but it's not being led well.
Awards season is always a huge amount of fun whether you're a part of it or not. It's always really exciting seeing what films are coming and a lot of new talent as well.
You look green, immature. A young boy playing at business, dressing up in the manner in which he believes an actual grown-up would. Your viewpoint of business attire is one of wide-eyed wonder from the nursery door.
Talent is to actors what luck is to card players. It's not really anything; it's just a fictitious word that people have created and labeled things. Talent is like, you know, I never really believed in talent, I believed in drive and determination and preparation, but talent is sort of like luck.
Talent is to actors what luck is to card players. Its not really anything; its just a fictitious word that people have created and labeled things. Talent is like, you know, I never really believed in talent, I believed in drive and determination and preparation, but talent is sort of like luck.
I'm the guy who's started businesses, I've been a small business owner. I've employed hundreds of Pennsylvanians. I know how to get jobs moving in the private sector, rein in the excesses in Washington, and bring some balance to a town that's lost all balance.
I was surrounded by talented people. I always remember Mrs. Carmel Snow, saying to me, "You know, Polly, if one person thinks they're a big star, then we're all stars. You just go out there and always do your best. And always have time to see any designer - no matter how big or how small, have time to see them. You don't have to just see the big shots. You never know what's coming around the corner and the talent that is going to be important. That is your job."
The amazing thing about IBM is that it's a company where I have had 10 different careers - local jobs, global jobs, technology jobs, industry jobs, financial services, insurance, start-ups, big scale. The network of talent around you is phenomenal.
Because you have very limited time and you have to be very judicious and wise about how you spend it. But otherwise, I've always been - ever since I was a kid, I've always been coming up with ideas. So I'm able to come up with crazy ideas twice for two collections! It's fun.
I remember Vince McMahon coming up to me and asking me to wrestle The Undertaker and I asked how much I would be getting paid for the match, because that was the name of the game, I'm not a glory guy but this is a business.
On the political front, of course it's a zero-sum game. If it's all white males holding positions, you bring 10 women in, then it's, 'Women are coming!' Get 10 blacks and it's, 'Blacks are coming!' 'Hispanics are coming!' Zero-sum game. The seatmates might change but the chairs don't move. In the economy, the number of chairs can actually increase.
I work in theater, so I am always working in front of empty chairs. They represent a future presence. They are never just chairs.
Anytime you have a reelection campaign against an incumbent president and you're the party out of power - on the one hand it's wide open because there's not an heir apparent - but people are also gauging how strong is that incumbent president and what are my chances.