Podcast appearances and mentions of william durant

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Best podcasts about william durant

Latest podcast episodes about william durant

Founders
#339 Joseph Duveen: Robber Baron Art Dealer

Founders

Play Episode Listen Later Feb 20, 2024 64:12


What I learned from reading The Days of Duveen by S.N. Behrman. ----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----Founders merch available at the Founders shop----Patrick and I are looking for partners. If you are building B2B products get in touch here. ----(0:01) Duveen noticed that Europe had plenty of art and America had plenty of money, and his entire astonishing career was the product of that simple observation.(2:30) The great American millionaires of the Duveen Era were slow-speaking and slow-thinking, cautious, secretive, and maddeningly deliberate.(3:30) How Larry Gagosian Reshaped The Art World by Patrick Radden Keefe. (Founders #325)(4:30) Invest Like The Best #342 Will England: A Primer on Multi-Strategy Hedge Funds(6:00) There is an old two-part rule that often works wonders in business, science, and elsewhere: 1. Take a simple, basic idea and 2. Take it very seriously. — the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. (Founders #329)(10:00) The art dealer Joseph Duveen insisted on making the paintings he sold as scarce and rare as possible. To keep their prices elevated and their status high, he bought up whole collections and stored them in his basement. The paintings that he sold became more than just paintings—they were fetish objects, their value increased by their rarity.  — The 48 Laws of Power by Robert Greene. (14:00) Duveen had enormous respect for the prices he set on the objects he bought and sold. Often his clients tried, in various ways, to maneuver him into a position where he might relax his high standards, but he nearly always managed to keep them.(16:00) Wildcatters: A Story of Texans, Oil, and Money by Sally Helgesen. (Founders #338)(18:00) You don't need many customers if the few customers you do have are the riches people in the world.(22:00) His enthusiasm was irrepressible.(26:00) Duveen felt that his educational mission was two fold —to teach millionaire American collectors what the great works of art were, and to teach them that they could get those works of art only through him.(27:00) When you pay high for the priceless, you're getting it cheap.(31:00) He was interested in practically nothing except his business.(31:00) Certain men are endowed with the faculty of concentrating on their own affairs to the exclusion of what's going on elsewhere in the cosmos. Duveen was that kind of man.(32:00) Monopoly was his method.(38:00) Duveen would pay the servants of staff that worked in the homes of his clients. This was the result: They developed a feeling that it was only fair to transmit to Duveen any information that might interest him.(41:00) The art dealer Joseph Duveen was once confronted with a terrible problem.The millionaires who had paid so dearly for Duveen's paintings were running out of wall space, and with inheritance taxes getting ever higher, it seemed unlikely that they would keep buying.The solution was the National Gallery of Art in Washington, D.C., which Duveen helped create in 1937 by getting Andrew Mellon to donate his collection to it. The National Gallery was the perfect front for Duveen.In one gesture, his clients avoided taxes, cleared wall space for new purchases, and reduced the number of paintings on the market, maintaining the upward pressure on their prices. All this while the donors created the appearance of being public benefactors.— The 48 Laws of Power by Robert Greene. (48:00) His clients felt better when they paid a lot. It gave them the assurance of acquiring rarity.----Get access to the World's Most Valuable Notebook for Founders by investing in a subscription to Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Past Gas by Donut Media
Past Gas #205 - How Chevrolet Was Kicked Out of Chevrolet

Past Gas by Donut Media

Play Episode Listen Later Sep 25, 2023 59:39


Chevrolet isn't just a company, it's an American institution. Today on Past Gas, the story of a world-conquering company that almost wasn't. How did the men who made Chevy lose it so quickly? How did the company nearly get shut down by its own board, then come back to overtake Ford in sales only 7 years later? How did an up-and-coming lawyer flip Chevy's attitude about safety even quicker than a Corvair could flip itself? All that and more on today's Past Gas, about the beginnings of Chevrolet and the man who stole its name, William Durant. Thanks to our sponsors: Go to https://SHOPIFY.COM/gas to take your business to the next level today. Cancel your unwanted subscriptions – and manage your money the easy way – by going to https://RocketMoney.com/GAS. Claim your $75 CREDIT now at https://Indeed.com/PASTGAS. More about Show: Follow Nolan on IG and Twitter @nolanjsykes.   Follow Joe on IG and Twitter @joegweber. Follow Donut @donutmedia, and subscribe to our Youtube and Facebook channels!   Don't forget to subscribe to the podcast for free wherever you're listening or using this link: http://bit.ly/PastGas. If you like the show, telling a friend about it would be helpful! You can text, email, Tweet, or send this link to a friend: http://bit.ly/PastGas. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mission-Driven
Sean O'Connor '92

Mission-Driven

Play Episode Listen Later Jun 7, 2023 52:40


In this final episode of Season three, Siobhan Kiernan from the class of 2021 speaks with Sean O'Connor from the class of 1992. As a fundraiser and member of the Holy Cross Annual Fund Team, Siobhan talks with Sean about his accomplished career in fundraising. Today, he continues to make a difference as the Chief Development Officer at the National Audubon Society. Their conversation gives you a behind-the-scenes look at what it takes to support the nonprofit organizations that we love. The Holy Cross mission of serving others is central to the work that they do. As people foreign with others, their careers modeled the idea of doing well while doing good. Interview originally recorded in August 2022. --- Sean: When I'm being reflective of the relationship between the effort and the work that I've applied my daily profession to the outcome, it completely aligns with my worldview of actually helping other people and helping organizations and helping the world. Whether it's through art, or healthcare or science or human rights or conservation, I feel pretty good about that. Maura: Welcome to Mission Driven, where we speak with alumni who are leveraging their Holy Cross education to make a meaningful difference in the world around them. I'm your host, Maura Sweeney, from the class of 2007, Director of Alumni Career Development at Holy Cross. I'm delighted to welcome you to today's show. In this final episode of Season three, Siobhan Kiernan from the class of 2021 speaks with Sean O'Connor from the class of 1992. As a fundraiser and member of the Holy Cross Annual Fund Team, Siobhan talks with Sean about his accomplished career in fundraising. After a year in the Jesuit Volunteer Corps, Sean accepted a role raising funds for a small Catholic school on the Lower East Side of Manhattan. Thanks to the support and encouragement of some Holy Cross alumni, he accepted a position with CCS fundraising, which brought his fundraising overseas and greatly expanded the scope of his work. Today, he continues to make a difference as the Chief Development Officer at the National Audubon Society. Their conversation gives you a behind-the-scenes look at what it takes to support the nonprofit organizations that we love. The Holy Cross mission of serving others is central to the work that they do. As people foreign with others, their careers modeled the idea of doing well while doing good. Siobhan: Hello everyone. My name is Siobhan Kiernan and I am a 2021 Holy Cross grad, and current member of the Holy Cross Fund Team. And I'm joined here with Sean O'Connor. Hello, how are you? Sean: Hi Siobhan. Good to see you again. Siobhan: Yeah, you too. Where are you zooming from? Sean: I'm zooming from Goldens Bridge, New York, which is Northern Westchester County near Bedford and North Salem. Siobhan: Nice. Oh my gosh. I'm zooming from New York City, so... Sean: Oh wow. Whereabouts? Siobhan: In like little... I'm on the Upper East Side right now. It's where I grew up. Sean: Oh, that's right. I grew... For a while. I lived on 83rd and third when I did all this. Siobhan: Oh yes, we talked about this. Sean: Yeah, right. Siobhan: Oh, that's awesome. Are you from New York? Sean: No, I actually grew up in Worcester, Massachusetts where there's a school called Holy Cross, is there I think. And I in that way was born at St. Vincent Hospital and then grew up really in Holden, Massachusetts, which is just north of Worcester. And I went to Wachusett Regional High School. And I know your next question is why I don't have an accent, but for some reason I dropped the Worcester accent. When I went to Holy Cross, actually, ironically, I think my accent started to go away. Siobhan: They ironed it out of you. Sean: They must have ironed it out of me, yes. I could put on the Worcester accent, but only under severe pressure. Siobhan: That's so funny. I've been told that I don't have a New York accent either. Sean: No, you don't. Siobhan: So I guess there's something about Holy Cross and taking out accents. So you kind of really just started this, I guess, but why Holy Cross? I mean, I know you're from Worcester, but some people I know probably wouldn't have wanted to go to a school in their hometown. So why did you stay, and what about Holy Cross made you want to go there? Sean: It is a family school. For me, my grandfather was class of '31 and my father was class of '66. My uncle was class of '62. I think even have one of my other father's relatives went there. And so I always had heard about Holy Cross. And I lived on campus, I didn't commute even though I was about 10 miles away from Worcester, or from home rather. But it was obviously one of the most important decisions I made as a young person. And then probably, in truth, is probably the best school I got into when I was applying for colleges. That was another part as well. Siobhan: No, but that worked out. The one thing I love about Holy Cross is that you can feel very much away even if you are local. Sean: Right. Siobhan: I have friends who lived off campus and I remember I always lived on campus and my thought process was, you have your whole life to live outside the gates of Mt. St. James. Why would you want to go now? Sean: Right, for sure. But I enjoyed it. It was great. Siobhan: Yeah. So what was your time on campus? What did you do? What did you major in? What activities did you like to do? Sean: I was a history major, and I took my academics semi-seriously, I think. I'm a lifelong reader and I probably am still interested in history and read a lot of William Durant history surveys when I'm on the plane on a tarmac or something like that. So I still enjoy learning, but I spent a lot of time on extracurricular activities. I didn't play sports, and maybe once in a while would play a soccer pickup game if one existed. But I was involved in the radio station, I was the station manager for a year. Siobhan: Oh cool. Sean: And a DJ. And then I was involved, I think in one of the campus activity boards, I think my senior year. Is it called SS or something? I'm trying to remember then what the acronym was. Siobhan: Or is it CAB? I mean, today I think it's probably the equivalent. Sean: Something like that. I would put on concerts at Hogan. I did one concert. I think I almost got kicked off campus because I did not go through the proper channels of getting permits and things like that. So I learned a lot at college about doing things like that. We had a band called The Mighty, Mighty Boss Tones playing in the basement, which was a fun, legendary show. And then when I was at the station, radio station, we did a kind of benefit concert for the Worcester Coalition for the Homeless in Worcester. There was a band named Fugazi that we brought up to Worcester and did a show, which is fun. So we did some fun stuff connecting Worcester where I grew up to Holy Cross. I was also a resident assistant in the Mulledy basement. So yeah, it was a fun four years. Siobhan: Wow. So you mentioned you were a history major. I'm always curious, because I did economics, why history? And did you have a favorite class? Sean: I kind of go back and forth between really US history and European history or world history. And I did take an African history class, which is pretty influential. Professor David O'Brien was my advisor and he's kind of a labor and Catholic historian. And I still am interested in labor history. I can get really geeky I suppose, about history. I just really do enjoy it in terms of understanding patterns and issues and big issues that we're facing now as a country, and what are the historical analogs, and what has happened in the past that informs where you are right now. And all my family were English majors or our English majors. I think my daughter is an English, is going to become an English major, not a history major. My son was a poly sci major at Bucknell and a film major. But history is, I just enjoy it. And I go back and forth. I probably read more non-US history these days, but it's an escapism too for me. Dealing with everything else, it's kind of fun to read about the Age of Enlightenment or something like that, and just learn about different thinkers and different parts of history that you weren't aware of. And then if you get really excited, you can go deep on those things and get really geeky. Siobhan: I took one history class in Holy Cross, and I found that I almost felt like an investigator, like a detective, which as an economics major it is... That's a different way of thinking. So actually I have a lot of respect for the history department. Cause you very much have to tell a story, and really unpack documents and things. And I think that's... Sean: Yeah, for sure. Siobhan: And you mentioned your professor. I always love to hear about, because the school is so small and the community is so great. Is there anyone that comes to mind who had a meaningful impact on you at Hogan? Sean: Academically, David Chu, who is my accounting professor, and I just didn't do as well in accounting, but that taught me a lot about the importance of studying, actually. There was a professor Whall when I took my early survey class in history, which kind of awakened me to academic writing in a different way. And I lifeguarded at the pool, so got to hang out with the late Barry Parenteau who just passed away. And that was fun times there. And then some of the student life people, I think Dean Simon, I'm trying to remember his name, but he was the one that I worked with a little bit in my senior year. He was the Student Life Dean, if I remember correctly, out of Hogan. And then actually career advisors towards the end. I think one of the more influential people in my career, if we segue into that section, is this John Winters, who is there as a career advisor who really got me on the pathway of where I am right now. Siobhan: Oh, fabulous. Actually, that was a great segue. That was actually my next question was going to be, could you just take me through from commencement to where you are? Sean: Sure. Siobhan: Your journey. I did look into your bio a little bit and you had a very vast career so far, but I want to hear about it from you, your whole journey. Sean: So when I got out of school, I remember second semester, senior year, gosh knows what you're going to do. But I think I interviewed, think at some advertising agency, Leo Burnett, that has historically hired Holy Cross grads and did not get the interview. But I was able to go to Chicago for that all day interview, which was kind of fun. Get to stay in the fancy hotel for the first time. And then when I got out of school I ended up going to Jesuit Volunteer Corps. So I did the Jesuit Volunteer Corps in the northwest and was stationed, or placed, I guess is the language in Auburn, Washington, which is between Seattle and Tacoma. And my placement, or my job, the volunteer job was working at a residential youth shelter for physically and sexually abused kids. And I was doing that for a year. And so my job was to take to care of them, drive them to school, make them dinner, take them on field trips, and then talk to them. And then, learning what it meant to be a social worker and would write about my day and my interactions to help the therapists and the psychologists who are helping them connect the dots about what issues they were facing. They were typically there for a couple of weeks. It was transitional short term, before they might have been between foster placements or they might have been just removed from the home. And the state was trying to figure out what to do with them. So it was a very eye-opening experience, making $20 a week living in a community in the Jesuit Volunteer Corps. But that moment I was actually really interested in understanding how nonprofits were financed. I was like, all right, so how did they actually get the money to do the work? How does it actually work? So I was able to understand a little bit about the particular organization I was volunteering at. It was called Auburn Youth Resources. And they would receive a lot of money from the King County, which is the local county outside of Seattle. But the philanthropy piece, that people would give them money was relatively small. And anyways, it was, it's an opportunity for me to think about that. I wanted to do good but also do well. And I think a lot of this has to do with Holy Cross, but also that my parents or both teachers. My brother's a teacher, my sister's a teacher, my other sister who went to Holy Cross works in nonprofits as well, she was class of '95. So I think that, my family upbringing and combined with Holy Cross in terms of its ethos of men and women for others, I think really kind of pushed me into this career, which wasn't really a career back then. I don't know if you want me to keep going, but when I got back from the year of volunteer work and I came back to the East Coast, I didn't know what I wanted to do. I lived in Worcester, outside of Worcester. I thought I wanted to move to Boston where, because I was nearby that was a big city, or move to Washington DC where a lot of my roommates were and friends. But John Winter in the Career Center said, did you ever think about development? And I said, what's development? And we talked more about it, what that actually meant. And he connected me with a guy named Pat Cunningham, who I think is class of '85. And Pat Cunningham worked in New York City, and at the time he worked for the Archdiocese of New York. And the program there was that they were trying to help small Catholic parochial schools become sustainable. So small Catholic schools in New York City were always a big deal for helping teach kids and families who didn't have a lot of money, but get a good education. The outcomes were terrific. Typically, a lot of the kids went on to college. But the financial model was becoming challenging, because the religious communities who would tend to teach at those schools was diminishing. So they would have to hire lay teachers, you don't have to pay a Sister as much as you have to pay a layperson. So I think that caused like, oh my goodness, tuition is not covering the cost. And so they were trying to figure out a way could they raise money? Like private high schools, like St. John's in Shrewsbury or St. John's in Danvers, as BC High or Notre Dame Academy, they tend to raise money from their alums or parents. Pat Cunningham's job was to figure that out with some parochial schools in New York. There was a philanthropist who just passed away a couple of years ago, a guy named Richard Gilder, who was a Jewish, who founded a company Gilder, Gagnon, & Howe. Anyways, he believed in Catholic education and funded a lot of these schools. He believed in the outcomes and giving back in the community. And so he was essentially underwriting director and development positions. So the salary that a director of development would require. So there was an opportunity for me to work at a school called St. Columba Elementary School, which is on 25th between eighth and ninth without any experience at 23 years old. Siobhan: Is it still there? Sean: It is still there. But unfortunately, the school is closed and is now probably a private or a charter school. It Is the school... Had a couple famous alums, Whoopi Goldberg, graduated from... it's the school Whoopi Goldberg graduated from St. Columba, and as well as a singer from the sixties and seventies, Tony Orlando went to St. Colo. He's a guy who sang Tie A Yellow Ribbon and Knock Three Times. You ever hear those songs? No. Knock three times on the ceiling. Siobhan: Maybe. Sean: Yeah. I don't want to sing it. So what I had to do is work with the sisters and figure out a way to help raise money. And I learned a ton. It was fun. I started talking to some of the colleagues who were doing the similar work in the city, and we created a consortium of colleagues, I think we called it ourselves development, gosh, I forgot what we called it. Ourselves like Development Resources, Development Resource Group, I think DRG maybe. In any case, we would meet and just try to do some brainstorming and figure out how to solve problems. And we actually got some funding to actually help our little mini consortium. And I was there for about a year. It was fun. Siobhan: And then I know that you also did some foundation work, correct? Sean: Yeah. So after what? So I was doing that for a year, and then I had heard about this big company called CCS Fundraising and it's called... At the time it was called Community Counseling Service. And it's still around. It's a big, big fundraising company. And at the time, back when I was there, it's probably quadrupled since I was working there. Any case, we didn't have any money at St. Columba for professional development. So there was this big conference in New York called Fundraising Day in New York. And it is held every, it's the third Friday of June every year. So it's like a one day, it's one of the biggest fundraising conferences in New York. But to go to it, you know, it's like $600 or something like that. And we didn't have any money at St. Columba to do that. And so there was a scholarship opportunity. So if I wrote an essay to the committee that they would send scholarships out. So I wrote an essay to the committee and they underwrote my admission. So I was able to go to the event. And at the event I ran into an executive at CCS Fundraising and talked to him. He encouraged me to apply to CCS, which I did. And then I got a job with CCS Fundraising, which really did change my career for the good. And they sent me all around the world and helped train me in fundraising. And it was great. I was there for a long, long time. And that's where I did do some foundation work. So to continue on that, so when I got to CCS, I went to Yorkshire, England to do some work for the Diocese of Leeds and raise money there. So essentially CCS as a company that would get hired by nonprofits to actually help them raise money. Siobhan: Like a consultant. Sean: A hundred percent like a consultant. And it's weird because you'd be 24 years old or 25 years old and you're a consultant. And I remember a lot of my family friends is like, what do you know? You're just a kid. And there was a lot of truth in that, because I didn't know what I was doing. But the way the model worked at CCS was that they would train you, and there was actually different levels of consulting. And actually modern consulting firms like McKinsey have a similar model where you have the partners who are the thought leaders, and the business development people who actually find the clients. And they just need people to do the work. And those are the directors, the associate directors who essentially just took direction from the leadership. And in the case of going to the Diocese of Leeds, my charge was to work with parishes and coordinate, manage, design and execute what I would call mini-campaigns for each of those parishes. So I would go to the priest, I would orient the priest on the plan, we'd recruit a leadership team and go out and raise money. It was a very, very difficult assignment, but I learned a lot about resilience and persuasion and problem-solving and persistence and all that stuff, because it was a very intense five or six months. But it was fun. Get to live in Yorkshire in the middle of the winter when you're 24, 25 years old. That was great. Siobhan: I was going to say, that also just sounds really cool because you kind of get to dabble in so many different types of advancement. I know in development, I remember when I first learned about it, I was like, oh, that's like for schools. And I'm like, wait, no. There's fundraising for hospitals and political campaigns and nature organizations, which I want to get to eventually. Sean: And human rights organizations or arts and cultural groups. I think that that's a really good point, Siobhan, because where I got really lucky was that I, and it really serves me well right now at this stage in my career that I have a very diverse set of experiences and what we call multi-sector kind of experience. I'm not just a higher ed fundraiser, I've done every single type of nonprofit fundraising. And when you do that, you get to see where the commonalities are, and what the challenges are. Everything from a museum on Japanese sculptor named Isamu Noguchi, or to Cold Spring Harbor Laboratory in Long Island, with Dr. Watson, who just basically discovered DNA. So I've been very blessed with having been exposed, and working with very different kinds of organizations. And I know that at this point in my life, there's not a lot of people who have that kind of experience. And so that kind of becomes my professional marker, I guess. So the person who's done a lot of big complex organizations, but also a lot of small organizations too. Siobhan: So I have two questions on that. The first is, it's a soft question. In all of those different types of fundraising, which was your favorite, I guess what kind of fundraising was most enjoyable for you? Sean: I do the arts and cultural world because I find the board and the people to be very interesting and fun to work with. It is perhaps the hardest sector to work on because a lot of what we do is 400 billion is given away by people and corporations and foundations every year. And the top sector, it's religion, is probably the largest recipient of philanthropy, healthcare and education come in pretty close after that. So you're going to get a lot, it's not saying it's easier to raise money in higher ed, in healthcare, but in some ways it is because in healthcare it typically centers around solving a problem or the so-called grateful patient. "Dr X saved my life, I'm going to give him all my money or a lot of my money" and higher education is "professor Y saved my life and got me on the right path, so I'm going to give money there." Arts and cultural tends to be not necessarily the top priority people. It could be second or third or maybe sometimes fourth. And so it's harder sometimes, but I find it to be more interesting. And then in terms of my most enjoyable experience, probably when I worked in London again in 2000, when I got to do some work with the International Accounting Standards Board, which sounds very boring, but the job was very exciting because what the job was, was to raise money for an organization that was trying to harmonize accounting standards around the world. Siobhan: Oh, cool. Sean: I got to travel around Europe to actually interview executives on their willingness to support this cause, this kind of new plan. And it was just fun working on that kind of scale. One of the great things about this, that I've enjoyed about my career is that I have to learn about every kind of thing. I'm not an expert on accounting, but I have to be able to have a conversation about it. I'm not an expert on art museums, but I have to be able to at least have a conversation about it. And here at Audubon, I'm not an ornithologist, but I have to be able to talk about climate change and the importance of eelgrass in San Francisco Bay. Because what I'm doing is representing these organizations, and serving as the middle person between philanthropy and good causes. And that's on thing I think my profession's about. It's not about asking for money, in a weird way. It's really about creating an environment where you create opportunities for people who have money, who want to give away money, to do it in a way that they feel comfortable doing it. Siobhan: No, I feel the same way, especially in connecting with alums. It's not about asking them for money. It's about what did you love about Holy Cross and how can you support that again? Sean: Exactly. Siobhan: But you mentioned Audubon. And I just, so again, with advancement just being so vast, if I'm being honest, I didn't know that such an organization existed. When I saw that that's where you work, I was like, oh my God, of course that would exist. Sean: I'm going to have to do more work then, Siobhan to make sure you hear about this. Siobhan: But it makes sense. Birds are so important, and the environment is such, no pun intended, but a hot topic right now. But how did you, I guess, find that organization and what brought you there? Sean: Yeah. Siobhan: Is that one of your passions too? Is the environment something that strikes... Sean: It is, I think certainly climate change and birds over time. The truth is that they found me and reached out to me. And then, right now at this stage of my career, I think when I was a little younger... And I have some advice about careers too, but, and this is what I share with people, is that you really do want to go to a place where the people, you kind of vibe with the people that you're going to work with. I think mission is very important, but as you're building a career, it's very important to find people that believe in you, give you the resources to be successful in where you can learn. At Audubon, at this stage of my career, because I have a leadership role, I can control some of those things. I can control the type of culture I'm trying to create with my team, and which I think is very, very important for fundraisers. For fundraisers to stay, is actually understanding what makes motivates fundraisers and what motivates development. Because I think a lot of this is, there's some similar aspects I think to a really good fundraising personality. But Audubon, I think the reason why I'm here is because they wanted to grow. And one of the things I've learned about my career recently is that there's some people who are comfortable in a status quo environment. And then there's some people who just like to build things. And I'm certainly in the ladder, and part of this is because of my consulting background. I like to solve problems, and figure out a way to grow. I know that sounds like every organization wants to do that, but not necessarily. Because I think in order to do that, there has to be an alignment between the board and the leadership of the organization, and actually a really good case of why growth is needed. And then of course they need to invest. So you need to spend money to raise money. All those elements were in place when I was talking to Audubon about five and a half years ago with leadership. So if I see alignment between the Chair of the Board and the CEO, and if they kind of align with the Chief Development Officer or the person who's in charge of raising money, that's when really great things can happen. Because this is never, in my view, a money issue. There's plenty of money in this world right now. This is always a strategy problem. How are we getting the money? How are we telling our story? Do we have the mechanical pieces in place? Do we have the right people? Are they trained? Do we have the right leadership in place? Those are the things that staff ultimately control. And if they are in the right spot, and doing it the right way, the money should come. It's very difficult to get all that stuff figured out. And that's really, at the end of the day, that's what the work is. Is that I think good fundraisers have a vision for what the word will look like or feel like. At any given day, I know what kind of meeting I'm trying to design between a board member and my CEO, and I know what I want them to say and I know who I want in the room. So I'm always trying to get to that point. Not as easy as it sounds, because it just takes time to get all those things in place, and to make sure that the conversation's happening. And making sure you have answers to all the questions that funders want. So for instance, at Audubon we're... Bezos gives a wait a lot of money for climate, we spend a lot of time trying to figure out how to make that approach happen the right way. I don't want need to digress, but that's a lot of it how I think of it. Siobhan: No, and that's awesome. Actually, so I have a few questions that are going in different directions, so I'll see if I can loop them all together. So the first one is, I guess, what keeps you in this work? What drives your day? What kept your passion in the work that you're doing? Sean: Well, yeah, there were times, I remember in 2000, 2001 during the first dot com boom, I remember I would've been about 30 or so, there was a lot of people in my peer group trying to go to dotcom and early in internet stage companies. And I did talk to some people, this is after I got back from London. And I remember talking to some, what I would call philtech. Phil, P H I L technology, so philanthropy technology companies that were starting at that time and ultimately did not pursue them. And then on occasion, during the late two thousands or before the 2008 recession, could I parlay this experience into some kind of for-profit thing? I think ultimately, what kept me is, which is what you hear when you hear people give career advice when you're younger is, and I think there's a lot of truth to this, is if you actually like what you do and eventually you become good at it, then everything else takes care of itself. So I really do like what I'm doing, and I've become pretty good at it. And so then everything else takes care of itself. And being intentional about the different moves you make. And because designing a career is... I'm not saying it's a full-time job, but you cannot approach that casually. You have to be attainable about it. And what I mean by that is that whenever you go to an organization, and it doesn't really matter what sector we're talking about, but certainly in the fundraising sector, you want to understand not only how you're going to be successful there, but what will it lead to? What if you're successful at XYZ organization, will it give you an opportunity to grow within the organization or maybe even go to another organization, that type of thing. Depending on what you ultimately want to do. You don't have to become a Chief Development Officer. You can become the best frontline fundraiser in an area that you really, really love. And that's the great thing about this sector is that there's a lot of different diverse job functions. You have the development operations side, which is very much oriented towards tech people and people who are data-driven. The foundation relations kind of world, which really solid writers do well in that sector or that section of the work. And then frontline fundraisers are really usually a kind of sales salesperson orientation. Siobhan: I was going to say, as someone who is on the soliciting end of things, I feel like I'm a salesperson for Holy Cross, which I love because as someone, and you get this as someone who benefited from the product, it almost makes the job easy. But I was curious, so as someone, you weren't on both ends of the spectrum, so the soliciting side, which we've said isn't all about asking for money, but sometimes it comes down to, okay, here's my wallet. And then also the giving away of money. How would you, I guess, compare those roles? Because right now, as someone who's just starting out, I find the idea of grant giving and the other side of the work to be intriguing. Sean: It is intriguing. So my experience and foundations, I did some work with the MacArthur Foundation and the Gates Foundation, both those opportunities, I got to obviously work closely with them to understand more how they work. And over my career, I've got to work closely with some foundations. And over my career, I've probably felt the same thing that you're feeling, oh, it would be fun to get away money. But it's funny, they kind of have the same challenges in some ways because they... And I think that that actually helps you become a good fundraiser with foundations. To kind of boil this down, everyone has a job and everyone has to do things. So if you're a foundation officer, you have to do things, you have to give away money. And it is hard to give away money, because you're going to be evaluated on how the partnerships that you developed, did you squander the money or did you give the money away smartly? And if you gave the money away, did you do a good job following up in a and actually evaluating their efficacy? And that is hard. And there's a lot of pressure. And so if you orient yourself as a, now I'm going on the solicitor side, if you orient yourself to, I'm going to make this person's life easier, then you're talking to them like a person and you're creating a partnership. How can I help you with your job, or what you have to do? We're a good organization, we're going to communicate with you, we're going to spend your money the right way. Then it's a great thing. So you're not really asking them for money, you're really creating a partnership. And I think that that makes all the things in the world. But then if you think about designing strategies for a billionaire who wants to, some billionaire from Holy Cross calls you Siobhan and said, Siobhan, I want you to run a foundation for me and figure out... I want to give away money to human rights organizations and arts organizations in South America, and I'm going to give you a budget and you figure it out. So what would you do? You would probably start creating a network. You would go travel and see some, understand the issue. Go to South America, go visit museums, create a network of people, and then start to give away money. Yes, that would be fun. That would be really fun. But going to a big foundation and running a program, you do have to be a subject matter expert. Oftentimes, not all the time, because now there are a lot of foundations out there that I've been encountering that will hire a friend, someone they trust to actually help them with their foundation. I met this foundation recently where, all of a sudden they found themselves with a whole lot of money and they wanted to create this foundation because that's what the estate had directed them to do. And they're going to find the person that they trust. And so sometimes that person's not a subject matter expert, but they're a trusted advisor to the family. But if you're a subject matter expert in human rights, you're coming at it from a different direction. You're an academic that goes into a foundation. But I do think it's a growing, obviously a growing field as the wealth inequality continues to increase. I'll just give you a little tidbit on, this is one of my favorite facts. When I started in the business, mid-nineties, I would always go to the Hudson News in Grand Central and buy the Forbes 400, which would come out, I guess it would come on the fall. I'm trying to remember when it did. But I always loved that because I would go home on the train and just read it, and learn about the families who had wealth. And I quickly learned that not everybody, wealth and philanthropy are not the same thing. People with money and people who are philanthropic, there's like a Venn diagram in the middle. But to be the four hundredth, wealthiest person on that list, right back in the mid-nineties, the net worth was 400 million or something like that. It's a lot of money. What do you think it is today? Siobhan: It's more. Because I feel like... I was going to say, I feel like, because nowadays, and maybe it's because I work in fundraising, a million dollars doesn't seem like that much money anymore. Sean: Something like 1.7 billion. Siobhan: I was going to say at least a billion dollars. Sean: So why that's extraordinary. Not only how much it's gone up. Might be 1.4, but I know it's something like that. There's a whole lot of people below that. We don't even know who those people are. Siobhan: Wow. Sean: They're not necessarily publicly known. So the amount of people... It used to be rather, you used to be able to understand where the wealth was. And now I think you just don't, A very interesting world we live in now in terms of the relationship between wealth, philanthropy, and our business. There's a lot of new philanthropists coming on board that are coming out of the nowhere, partly because they're just not as well known. It's just more. There's more opportunity. That's why we're not really at a wealthy, it's not about money, it's about strategy. Siobhan: I was also going to say, I find... At least I can relate to least the capacity because sometimes, you use all the data that you have and you assume that someone has this profile, but you could either be over assuming, but then you could also be easily under assuming too. There are probably people that you don't think they would give maybe over a thousand dollars. But if you go about it, as you were saying, strategy, if you talk to them, if they're into music and you talk to them about the new performing arts center, you might inspire their generosity more than if you're talking to them about a new basketball court. Sean: I think that that's a hundred percent right. And I think, that's why I think it sounds a little old school. I think research can be a little overdone. I love research by the way. I think that my research team, they call me an, I'm an honorary researcher because on occasion, if I'm sitting in front of the TV or something like that, I'll go deep on some name and I just love finding these little nuggets of information. I'll send our director of prospect research these random emails. I said, look into this, look into that. Because at least at Audubon, I'm looking into people who care about climate, who care about birds, who care about... Siobhan: Again, that is so unique. Sean: Well, there's one, if you look on... Here's one of the cool things about birds besides the fact they're cool. If you go to... The Fish and Wildlife Service did a report on one of the most common outdoor activity, obviously gardening is actually probably the top. Birding is actually second or so. They estimate over 40 million people at one point in their life have gone out and watched birds, whether it's in their backyard or something like that. It's an awful lot of people. Siobhan: It is a lot of people. That's a fun fact. Sean: Yeah, it drives our work for sure. And we're doing this cool thing. This is kind of a little bit out of sequence, but we have this thing called Bird Song, which is this project we're doing. In fact, you can look on Spotify, and this has been in the New York Times. A music supervisor, a guy named Randall Poster who works with Wes Anderson and Martin Scorsese approached Audubon, and he got the bird bug over the pandemic because he was at home and listening to birds. He approached all of his musician friends, people like Jarvis Cocker and Yo-Yo Ma and Yoko Ono and Karen O and Beck to do songs inspired by Bird Song. And so he has 180 tracks. He's also asked his actor friends like Liam Neeson and Matthew McConaughey and Adrien Brody to read poems that are about birds, including a bird poem written by another Holy Cross alum, Billy Collins, who is a poet who wrote a poem about sandhill cranes in Nebraska. He has Conor Oberst from Bright Eyes reading that poem. Anyways, there's going to be a big album, a box set release, and all the money's going to go to Audubon. Siobhan: That's awesome. Sean: Birds are having a moment. Siobhan: Birds are having a moment. It's a bird's world and we're just living in it. Sean: It is. That's a good way of putting it, I'm going to borrow that. Siobhan: You can totally, as long as you give me copyright credit. Sean: I'll absolutely give you copyright, and all the royalties. Siobhan: Exactly. And I do want to just be cognizant of time, but as the podcast is about Holy Cross's mission and how it influenced your life, and I know you did talk about this a little bit at the beginning. I just wanted to hear more about how Holy Cross impacted your life and your work, and maybe Holy Cross' mission in addition to being men and women for others. Sean: I found a profession that I think in the beginning it might not have made sense, but I have to tell you now, at my age, there's a lot of people, a lot of friends who went to all lacrosse and other places are some ways jealous of this career because... So I have this ability to do well and do good. Use persuasion techniques or skills that could be implied to advertising or banking or some other sales job. But when I'm being reflective of the relationship between the effort and the work that I've applied my daily profession to the outcome, it completely aligns with my worldview of actually helping other people and helping organizations and helping the world, whether it's through art or healthcare or science or human rights or conservation. I feel pretty good about that. And I also feel very fortunate because I don't think I'd be in this profession if it wasn't for Holy Cross, partly because combined with how I was raised and also Holy Cross reinforcing some of those values and elevating them. And then, really the specific moment when Jonathan Winters actually said, hey, you should look into this job. And really made the connection between me as a recent alum and an opportunity with another Holy Cross person. So if Pat Cunningham's listening to this podcast, and I reach out to him once in a while, was a very influential person in terms of where I'm at right now, and I'm very grateful for that. So it's a fun profession. I encourage, I do a lot of connecting with other Holy Cross grads that have helped people. And there's a lot of Holy Cross people that I've met who are in this business, and you try to get together. Because I think there's a really interesting theme here in terms of what we do. And a lot of us are doing, in pretty good organizations, doing really, really good work. So celebrating that as a profession would be fun to do. I actually, Danita Wickwire, who is class of '94 joined my team recently. Which is incredible, because I told her, she reminds me a little bit of why I'm in this profession. Because if you go into this world of fundraising, it's hard to keep up with everything. But then, because she's here and because of our common history at Holy Cross, it's nice to have her because we were able to align around that a lot. And I think she participated in one of these podcasts as well. And she's a really, really influential and important leader in this space as well. Siobhan: Oh, that's awesome. She is an outstanding volunteer and name in our office. So our office is a big fan of Danita, she's great. Also, what I really like too that you said is, I don't know, I find that the job doesn't really feel like work and it's comforting to hear that doesn't change. Sean: It doesn't really. No, it doesn't change. I mean, listen, it's not saying it's easy all the time, but it's certainly fun. Siobhan: And then I guess you kind of touched upon this, but for someone starting out in this work, what is some advice you would give? And then I guess also, looking back on your journey that got you here, is there anything that you would've done differently? Sean: I don't think I have any regrets about choices I've made, also philosophically don't believe in that because I don't think it's helpful. But I think in terms of advice, I do think, and I know this sounds slightly cynical, so I soften this a little bit, but I really do feel it's important to go to a place where your boss and your colleagues believe and align with how you think about this work. I think often, sometimes I see folks make a mistake going to an organization for the mission only, and then what ends up happening sometimes, not all the time, is that the expectations aren't there. And then it can really be a hard place to be. One of the hardest things about this business is... It's a very optimistic, enthusiastic person, but I also know how hard this is and things can go wrong, and you might not have control over certain things. And so educating non-fundraisers, or orienting them about how this work actually unfolds happens with experience. So I'm able to do that with a little bit more ease than I did when I was younger. But be very intentional about your career. If you have a lot of the elements in place, that's great. If you're able to grow, that's great. Don't go for the money, so to speak, or for the mission, make sure everything else is in place. That's my advice. Siobhan: That's very deep. I think that's applicable to anything too. Sean: It is. But I remember, I give a lot of career advice and sometimes I see people, it looks really good, but you got to ask all the right questions, make sure you're asking the questions so you have it all figured out. Siobhan: Yeah. Then I guess, is there any type of organization that you haven't worked with yet that you'd want to? You said you've worked with most of them, but is there anything that maybe in your journey that you've seen... Sean: I was in Columbia last week, the country, because we do a lot of work hemispherically, so I was in Bogota and Cali. I really enjoy, where I think this is headed, and maybe it would be fun, is like this orientation about raising money in other parts of the world. I've done it before, I've done it in England, and it's different in every country and it's evolving and this cultural barriers of this and all that stuff. But I like the way the globalization in terms of how we're thinking about the NGO, bottom up. And also the importance of diversifying our space. Our profession has to be more intentional about how to do that and create space and opportunities for people of color and other backgrounds because there's a lot of history and reasons why it is what it is. And we have to continue to try to figure out ways to open up doors and opportunities that are just not going to happen naturally. You have to be forceful about that. So any place that is in that space. You know what, the weird thing about this space, and I talked to Ron Lawson about this, who's a Chief Operating Officer of a coalition, homeless coalition in New York. It's in a weird way, it's really hard to raise private philanthropy for some social justice issues like homelessness and hunger. Hunger, not as much as it used to be. But I'm always curious about why that is. And there are some organizations that kind of outperform. There's so much money that's given away and there's some sectors that are just not there yet. And that would be fun to understand more why that's happening and help with that too. Siobhan: Cool. I just wanted to see where you were headed next. Sean: I don't know. Siobhan: Nonprofit. Sean: Yeah, it's fun. I'm glad you're in this space and you should keep in touch, Siobhan, it'd be fun to see where your career's going to take you. Siobhan: I was going to say, I'll have you on speed dial. Sean: Good. Awesome. Siobhan: Awesome. And before I let you go, I just wanted to end on a fun little speed Holy Cross round. Sean: Sure. Siobhan: Very quick. Okay. What was your freshman dorm? Sean: Mulledy Siobhan: What was your hardest class? Sean: That economics class with Professor Chu. No, actually accounting class with Professor Chu. Yeah. Siobhan: Nice. Best professor you've ever had? Sean: Probably Professor Chu Siobhan: I see him sometimes, so I'll be sure to let him know. Sean: I think he just retired actually. I thought I just saw that he's retiring soon. Siobhan: He is, but he has his little research. Sean: Yeah, you can tell him that. Tell him, gave him a shout-out. I think I was, it might have been... That was his first year he got here, I think. Siobhan: Oh, that's so funny. Senior dorm? Sean: Carlin. Siobhan: Oh, nice. Sean: Yeah, Carlin Siobhan: Favorite spot on campus? Sean: I guess I liked the radio station. That was a great place to escape. Siobhan: Oh, cute. First meal you think of when you think of Kimball. Sean: Ah, that's good. Probably just like chicken fingers, I guess. They actually existed, I think that they did. Or that Turkey. There's like some kind of Turkey meal that was good there. Siobhan: Oh my goodness. The Thanksgiving Turkey dinner slaps. Best restaurant in Worcester. This is good because you're a local. Sean: Yeah, well the best restaurant right now that I was just like, wow, this is a pretty good restaurant. There's that sushi place on Park Avenue is really, really good actually. And then when I was there, I guess Arturo's was a great Italian place, but that's not, I think that's closed now. Best Breakfast place is probably Lou Roc's on West Boylston Street, which is a really, really good diner. Siobhan: Good to know. Everyone always talks about Miss Worcester's, I'll have to... Sean: Miss Worcester's is good, but Lou Roc's is a little further out, but it's excellent, excellent. Yeah. Siobhan: Oh, fabulous. All right. Your go-to study spot? Sean: The Library right side, as you're walking on the right side. Yeah, not the left side. Siobhan: Okay. And if you were going to campus right now, where are you going first? Sean: I am going to check out this new performing arts center which is the coolest looking building in Worcester, I think. Siobhan: Right? It kind of looks like an airport, but in a good way. Sean: It's a very cool, it's one of the coolest architecture buildings I've seen. And it's certainly one of the coolest things in Worcester. I think it's awesome. I want to go inside it. Siobhan: And then last question, your fondest Holy Cross memory. Sean: Fondest Holy Cross memory? Oh, I don't know. I really enjoy fall at Holy Cross. That's what I enjoyed the most. Yeah, and I like fall in Worcester. Yeah, for sure. Siobhan: That's a good answer. Sean: Yeah. Siobhan: Especially fall at Holy Cross is beautiful. Sean: Yeah, like a football game in the fall. That's probably it. Siobhan: Nice. Wow. Thank you so much for chatting with me. Sean: Thanks Siobhan. Siobhan: Taking the time out of your today. Sean: That was great, thanks. Thanks for the opportunity. Maura Sweeney: That's our show. I hope you enjoyed hearing about just one of the many ways that Holy Cross alumni have been inspired by the mission to be people for and with others. A special thanks to today's guests and everyone at Holy Cross who has contributed to making this podcast a reality. If you or someone would like to be featured on this podcast, then please send us an email at alumnicareers.holycross.edu. If you like what you hear, then please leave us a review. This podcast is brought to you by the Office of Alumni Relations at the College of the Holy Cross. You can subscribe for future episodes wherever you find your podcast. I'm your host, Maura Sweeney, and this is Mission-Driven. In the words of Saint Ignatius of Loyola, "Now go forth and set the world on fire." Theme music composed by Scott Holmes, courtesy of freemusicarchive.org.

How They Made their Millions
144: General Motors - Alfred Sloan - From a simple draftsman to a multi-millionaire Automobile icon

How They Made their Millions

Play Episode Listen Later Apr 11, 2023 21:53


William Durant started General motors, but it almost came close to shutting down. Then Alfred Sloan stepped in. He adopted a different approach than his competitors to sell his cars. The strategy worked and sales took off. GM ultimately became a multi-billion dollar company. Let us check out their story.

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Lightning Is Out of the Bottle, Retiring On Bitcoin, and Pontiac Is Put Aside

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

Play Episode Listen Later Apr 27, 2022 18:41


Today we talk about the very first Ford Lighting rolling off the production line, the largest retirement plan holder allowing investments in Bitcoin, and we're talking about Pontiac's final days.The very first Ford Lightnings have rolled off the assembly linePre production began on Sept 21, 2021 (Just over 7 months ago)Executive Chairman, Bill Ford, “Today we celebrate the Model T moment for the 21st Century at the Rouge Electric Vehicle Center.” “The stunning anticipation for F-150 Lightning is a credit to the work of our Ford engineers and designers, and the UAW team members who are building these trucks with pride.”200k Pre orders, Ford plans on fulfilling 150k this yearFidelity plans to allow investors to put bitcoin in their 401Ks. The plan will open the 23,000 companies that use Fidelity to bitcoin options later this year.Fidelity is the US's largest retirement-plan provider, but this move toward the mainstream for crypto will need the endorsement of employers to be complete, which remains to be seen. Under the plan, Fidelity would let savers allocate as much as 20% of their nest eggs to bitcoin, though that threshold could be lowered by plan sponsors.Vanguard Group, a major competitor of Fidelity's, says it “has no plans to offer a cryptocurrency option within its 401(k) plans,” according to a spokeswoman. On its site, the company says, “since cryptocurrencies are highly speculative in their current state, Vanguard believes their long-term investment case is weak.”Overheard —  “If I retire right now I can live on my savings for 30 years, now 10 years, now 41 years, now 3 years” On April 27th, 2009 GM announces plans to end production of the 80 year old Pontiac brandPontiac's origins date back to the Oakland Motor Car, which was founded in 1907 in Pontiac, Michigan, by Edward Murphy, a horse-drawn carriage manufacturer. In 1909, Oakland became part of General Motors, a conglomerate formed the previous year by another former buggy company executive, William Durant. The first Pontiac model made its debut as part of the Oakland line in the 1920s. The car, which featured a six-cylinder engine, proved so popular that the Oakland name was eventually dropped and Pontiac became its own GM division by the early 1930s.The New York Times: “More than any other G.M. brand, Pontiac stood for performance, speed and sex appeal.” Pontiacs were featured in such movies as 1977's “Smokey and the Bandit,” in which actor Burt Reynolds drove a black Pontiac Trans Am, and the 1980s hit TV show “Knight Rider,” which starred a Pontiac Trans Am as KITT, a talking car with artificial intelligence, alongside David Hasselhoff as crime fighter Michael Knight.Get the ASOTU Daily Push Back email at https://www.asotu.com/Listen to other episodes: https://www.asotu.com/media/podcastsRead the most recent Daily Push Back email at: https://www.asotu.com/media/push-back-emailShare positive dealer stories: https://www.asotu.com/positivity-------

Everything Automotive
William Durant General Motors

Everything Automotive

Play Episode Listen Later Mar 25, 2022 39:44


The founder of GM and the man who brought Chevrolet to the table. Henry Ford, Dodge Brothers. Bring your own creation to the market. Be the best you can be. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/eric-abrams/message

Instant Trivia
Episode 363 - Metals - The United States Of Advertising - Driving The Green - World Theatre - Books Of The '70s

Instant Trivia

Play Episode Listen Later Feb 8, 2022 7:32


Welcome to the Instant Trivia podcast episode 363, where we ask the best trivia on the Internet. Round 1. Category: Metals 1: Photography accounts for almost half the industrial use of this metal in the U.S.. silver. 2: This liquid metal is added to paints to make them mildew proof. Mercury. 3: Of the current penny, nickel, and dime the one which contains the most copper. nickel. 4: This liquid metal is 13.6 times heavier than an equal volume of water. mercury. 5: This alloy metal popular for bathroom rails gets softer as it includes more copper and less zinc. brass. Round 2. Category: The United States Of Advertising 1: This "advanced medicine for pain" was the first nonprescription brand of ibuprofen in the U.S.. Advil. 2: Julie London sang, "Where there's a man there's" this brand of cigarette; I wonder if he was riding his horse?. Marlboros. 3: Caffeine and taurnine are the main ingredients in this popular energy drink that "gives you wings". Red Bull. 4: Bausch and Lomb introduced the "Wayfarer" style of these in 1952. sunglasses. 5: This product gives you "speedy" relief the morning after. Alka-Seltzer. Round 3. Category: Driving The Green 1: "Because you've got better things to do than plug in and wait", the battery of this co.'s Civic Hybrid recharges itself. Honda. 2: At 55 MPG, you could get from L.A. to Vegas on a bout 5 gallons driving a Prius from this company. Toyota. 3: The Altra EV from this company that also makes the Altima can hit 75 MPH; what a (non) gas!. Nissan. 4: The Escape Hybrid from this company claims to have a "range of well over 400 miles on a single tank". Ford. 5: The EV1 got a fantastic 0 MPG, as it was a no-gas vehicle from this U.S. co. organized by William Durant in 1908. General Motors. Round 4. Category: World Theatre 1: This "War and Peace" author's play "The Power of Darkness" was once banned in his native Russia. Leo Tolstoy. 2: Conor McPherson's haunting play "The Weir" is set in a pub in this country. Ireland. 3: Israeli playwright Nathan Alterman called his first play "Kineret, Kineret...", Kineret being Hebrew for the Sea of this. Sea of Galilee. 4: The "Chushingura", about a band of avenging Ronin, is one of the most famous plays in this form of Japanese drama. Kabuki. 5: Juliette Binoche starred in the 2000 Broadway revival of this British playwright's 1978 classic "Betrayal". Harold Pinter. Round 5. Category: Books Of The '70s 1: In a 1972 book, Hunter S. Thompson sent Raoul Duke and Dr. Gonzo to this city to cover the Mint 400 race. Las Vegas. 2: This prolific British mystery writer's last published novel was 1976's "Sleeping Murder". Agatha Christie. 3: Victor Henry of the U.S. Navy and his family are at the center of this 1971 Herman Wouk epic. Winds of War. 4: A book by Flora Screiber says, Mary, Peggy Lou, Vicky and Vanessa were 4 of this title character's 16 personalities. Sybil. 5: A review said this 1979 William Styron novel "belongs on that small shelf reserved for American masterpieces". Sophie's Choice. Thanks for listening! Come back tomorrow for more exciting trivia!

History with the Szilagyis
HwtS: 053: Jean Lannes

History with the Szilagyis

Play Episode Listen Later Nov 23, 2021 7:02


Jason gives you an overview of the life of Marshal of France Jean Lannes.Read the essay here: https://historywiththeszilagyis.org/hwts053Find us on Twitter:The Network: @UFPEarth. The Show: @SzilagyiHistory.Chrissie: @TheGoddessLivia. Jason: @JasonDarkElf.Join us in the Federation Council Chambers on Facebook. Send topic suggestions via Twitter or to hwts@ufp.earth. History with the Szilagyis is supported by our patrons: Susan Capuzzi-De ClerckEd ChinevereLaura DullKris HillPlease visit patreon.com/historywiththeszilagyis For Further Reading: David Bell. The First Total War: Napoleon's Europe and the Birth of Warfare as We Know It. Edmund Burke. Reflections on the Revolution in France. Thomas Carlyle. The French Revolution: A History. Juan Cole. Napoleon's Egypt. Ian Davidson. The French Revolution: From Enlightenment to TyrannyR.F. Delderfield. Napoleon's Marshals. William Durant. The Age of Napoleon. Charles Esdaile. Napoleon's Wars: An International History. George Fremont-Barnes. Armies of the Napoleonic Wars. Robert Goetz. 1805: Austerlitz: Napoleon and the Destruction of the Third Coalition. Alexander Mikaberidze. The Napoleonic Wars: A Global History. Simon Schama. Citizens: A Chronicle of the French Revolution. Alexis de Tocqueville. The Ancien Régime and the Revolution. United Federation of Podcasts is brought to you by our listeners. Special thanks to these patrons on Patreon whose generous contributions help to produce this podcast and the many others on our network! Vera BibleJosh BrewingtonTim CooperChrissie De Clerck-SzilagyiTom ElliotVictor GamboaAlexander GatesPeter Hong.Thad HaitWilliam J. JacksonLori KickingerJim McMahonAnn MarieGreg MolumbyJoe MignoneCasey PettittJustin OserMahendran RadhakrishnanKevin ScharfTom Van ScotterJim StoffelVanessa VaughnDavid Willett You can join this illustrious list by becoming a patron here: https://www.patreon.com/ufpearthSpreaker Tags: Always include (you can copy-paste from here): ufp united federation podcast History Marshal Jean Lannes French Revolution Napoleon Bonaparte French Revolutionary Army Marshals France Austerlitz Pygmy Giant.

TechStuff
General Motors Gets Up To Speed

TechStuff

Play Episode Listen Later Mar 18, 2021 55:57


After being kicked out of General Motors in 1910, William Durant co-founded Chevrolet. He came back to GM in 1916, but within four years was kicked out. Again. Find out why! Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

TechStuff
The Crazy Origins of General Motors

TechStuff

Play Episode Listen Later Mar 10, 2021 50:39


William Durant founded General Motors more than a century ago, but the story of how he did it is a who's who of early automotive history. From Buick to Oldsmobile to Cadillac to Chevy, learn about the early history of GM. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Founders
#128 Master of Precision: Henry Leland

Founders

Play Episode Listen Later May 31, 2020 25:14


What I learned from reading Master of Precision: Henry Leland by Ottilie Leland and Minnie Dubbs Millbrook.If you want to listen to the full episode you’ll need to upgrade to the Misfit feed. You will get access to every full episode. These episodes are available nowhere else. Upgrade now.Notes and quotes from Founders #128:Henry Leland laid the foundation for the future of American industry. He had established manufacturing procedures never previously so effectively employed and took a position of leadership. In the next decades would be comparable in statute with, although quite different from, William Durant, Henry Ford and Alfred Sloan.  It should be pointed out that Leland's contribution to the development of the motor car was the establishment of high standards of manufacturing.  Henry Leland always got deep satisfaction out of anything which was made right. He had—in high degree—the pride of craftsmanship that had marked the master workman down the centuries.  He developed the Cadillac, the self-starter, The Lincoln car, held up high standards of performance for the industry, and established the first notable school of automotive mechanics.  A lesson Henry Leland learned from his Father: He bequeathed a singularly trustful disposition to his son, who could never believe that other men were not inherently as good and honorable as he himself. He was several times to pay a stiff penalty for this faith in human nature.  A lesson Henry Leland learned from his Mother: “There is a right way and a wrong way to do everything. Hunt for the right way and then go ahead.” This simple admonition was to become a creed that would govern all of his actions as he rose in industry.  He lives through the beginning of two industries in his life: Manufacturing in general and the automobile industry in specific.  Henry Leland was not sure he wanted to become an apprentice machinist. The hours were long—10 hour days, 6 days a week—and most factories did not pay high wages. Moreover, farming was still the traditional American operation, which offered a possibility of independence and did not shut a man indoors with noisy machinery.  Henry was already discovering the education that could be mined from books. At first, the fond of reading, he had been attracted by cheap adventure novels, which he borrowed from the local library. One night a stranger there, seeing what he was taking out exclaimed, “Surely don't read that trash!” Henry replied, “What better use can I make of my time than to read?” The stranger answered, “It makes a lot of difference what you read,” and then suggested some better books. The episode was a revelation to young Leland and he was soon reading volumes that acquainted him with American genius in literature, government and invention.  Abraham Lincoln was his idol. Lincoln Motor Company—which Henry founds when he is in his 70s— is named after Abraham Lincoln. If we want to continue the conversation that Steve Jobs and Larry Ellison were having [about who is history’s greatest person] in The Billionaire and The Mechanic—Jobs said Gandhi. Ellison said Napoleon. Leland’s answer would be Abraham Lincoln.  Even if he experienced a financial penalty, Henry Leland wanted to do the honorable thing.  Henry wanted to work where he could render the greatest service to his country [during The Civil War]. He had learned that the U.S. Armory needed expert mechanics, and he had determined to help with war production. The particular lesson he learned in the Armory was the value of order and neatness in a work shop. Everything was clean and systematic, a state of affairs not common in early factories.  Precision was his god. His personal work was outstanding.  The discipline and subordination of factory life ran counter to American individualism.  A nervous breakdown drove him from the shop to the far for rest.  His mind, independent and teaming with ideas, made it difficult for him to work with others. He longed for a business in which he might put his theories to work but he had no money, a family to support, and his father and mother were in need of aid.  The manufacture of the hair clippers [which he invented and brought to market against the opposition of his bosses] was spirited and rose to an output as much as 300 daily. For this I received a ‘Thank you’ and 50 cents a day more in my pay envelope. That was one of the times I thought I ought to quit making other men rich and go to work for myself.  Henry Leland was good at sales by not trying to be good at sales. He wanted to educate people. He was gifted at selling because he gave the customer useful advice. As usual there was little money left over for saving. And yet Henry Leland was more hopeful of going into business for himself than ever before. He had brought his skill and experience to the service of the ambitious industrialists of the west and they had shown him in return the financial method that had put them in business. Each had organized a company by selling stock. “Eureka,” said Henry Leland to himself, “I have found it,” for he had great experience and he was sure he could raise a little money. His dream of an independent business might come true after all.  Henry Leland had a lifetime of experience before he starts his first company. He was 47 years old. He had been working in factories since he was a teenager.  Leland was a missionary for precision. He held people to high standards.  Horace Dodge trained directly under Leland for two years before starting a machine shop of his own.  The building up of a business, which expands rapidly and must be financed primarily from its own earnings, is often a discouraging process.  How Henry Leland advertised the services of his foundry: We appeal for business only to those who want the best. We do not attempt to compete with the average foundry on price. We believe no other foundry can successfully compete with us on quality.  “There always was and there always will be conflict between Good and Good Enough. In opening up a new business one can count on meeting resistance to a high standard of workmanship. It is easy to get cooperation for mediocre work, but one must sweat blood for a chance to produce a superior product.” —Henry Leland  Henry Leland founds Cadillac when he is almost 60 years old: Henry Leland now embarked on the great adventure of his life; he would play an important role in the organization of Detroit’s first successful automobile company.  Cadillac was making $2 million per year in profit when Billy Durant buys Cadillac for $4.5 million. Other men had built cars for many reasons—for the fascination of creation, for the profits in it—but Henry Leland agreed to build a car because he did not want to see a pet engine unappreciated and unused.  Henry Leland was an expert in a field where experts were still uncommon.  We buy the best parts we can find. I have always contended price should be considered last by a manufacturer in selecting materials for his product.  His theory was that the one essential ingredient of success was mastery of one’s self as well as one’s job.  A story: If you do the right thing people will remember.  Henry Leland is 77 years old when he starts Lincoln Motor Company  Henry Leland did not believe in quitting: It was manifestly impossible for the Lelands, men of tender heart and unswerving integrity, to take a cold, dispassionate view of the financial straits of the Lincoln Company. Many automobile companies had had money troubles; some had undergone a variety of reorganizations, combinations and other stratagems to keep alive and their directors and management had not been considered dishonest or insensible of their trust even though investors may have lost a portion or all of their equity. But such a course was unthinkable for the Lelands; as long as there was breath in their bodies they would oppose it. They had invested everything they owned in the company. Henry Ford and Henry Leland were like oil and water: We see a difference in management culture. Leland led from the front. Ford beat you down from above.  How Ford management described the Lincoln organization: The whole organization is unusually harmonious and uniformly competent.  A letter from Henry Leland to Henry Ford: I cannot but feel certain that you intended to keep those pledges when you made them to me personally and, while I cannot understand the long delay on your part, I still hope and trust that you will not shake my life long faith in humanity.If you want to listen to the full episode you’ll need to upgrade to the Misfit feed. You will get access to every full episode. These episodes are available nowhere else. Upgrade now.

Founders
#128 Master of Precision: Henry Leland Founder of Cadillac

Founders

Play Episode Listen Later May 31, 2020 69:55


What I learned from reading Master of Precision: Henry Leland by Ottilie Leland and Minnie Dubbs Millbrook.[0:17] Henry Leland laid the foundation for the future of American industry. He had established manufacturing procedures never previously so effectively employed and took a position of leadership. In the next decades would be comparable in statute with, although quite different from, William Durant, Henry Ford and Alfred Sloan. [0:40] It should be pointed out that Leland's contribution to the development of the motor car was the establishment of high standards of manufacturing. [2:33] Henry Leland always got deep satisfaction out of anything which was made right. He had—in high degree—the pride of craftsmanship that had marked the master workman down the centuries. [3:07] He developed the Cadillac, the self-starter, The Lincoln car, held up high standards of performance for the industry, and established the first notable school of automotive mechanics. [4:05] A lesson Henry Leland learned from his Father: He bequeathed a singularly trustful disposition to his son, who could never believe that other men were not inherently as good and honorable as he himself. He was several times to pay a stiff penalty for this faith in human nature. [4:56] A lesson Henry Leland learned from his Mother: “There is a right way and a wrong way to do everything. Hunt for the right way and then go ahead.” This simple admonition was to become a creed that would govern all of his actions as he rose in industry. [6:10] He lives through the beginning of two industries in his life: Manufacturing in general and the automobile industry in specific. [7:24] Henry Leland was not sure he wanted to become an apprentice machinist. The hours were long—10 hour days, 6 days a week—and most factories did not pay high wages. Moreover, farming was still the traditional American operation, which offered a possibility of independence and did not shut a man indoors with noisy machinery. [9:06] Henry was already discovering the education that could be mined from books. At first, the fond of reading, he had been attracted by cheap adventure novels, which he borrowed from the local library. One night a stranger there, seeing what he was taking out exclaimed, “Surely don't read that trash!” Henry replied, “What better use can I make of my time than to read?” The stranger answered, “It makes a lot of difference what you read,” and then suggested some better books. The episode was a revelation to young Leland and he was soon reading volumes that acquainted him with American genius in literature, government and invention. [9:55] Abraham Lincoln was his idol. Lincoln Motor Company—which Henry founds when he is in his 70s— is named after Abraham Lincoln. If we want to continue the conversation that Steve Jobs and Larry Ellison were having [about who is history's greatest person] in The Billionaire and The Mechanic—Jobs said Gandhi. Ellison said Napoleon. Leland's answer would be Abraham Lincoln. [12:05] Even if he experienced a financial penalty, Henry Leland wanted to do the honorable thing. [12:44] Henry wanted to work where he could render the greatest service to his country [during The Civil War]. He had learned that the U.S. Armory needed expert mechanics, and he had determined to help with war production. The particular lesson he learned in the Armory was the value of order and neatness in a work shop. Everything was clean and systematic, a state of affairs not common in early factories. [14:37] Precision was his god. His personal work was outstanding. [14:56] The discipline and subordination of factory life ran counter to American individualism. [16:31] A nervous breakdown drove him from the shop to the far for rest. [16:48] His mind, independent and teaming with ideas, made it difficult for him to work with others. He longed for a business in which he might put his theories to work but he had no money, a family to support, and his father and mother were in need of aid. [20:00] The manufacture of the hair clippers [which he invented and brought to market against the opposition of his bosses] was spirited and rose to an output as much as 300 daily. For this I received a ‘Thank you' and 50 cents a day more in my pay envelope. That was on of the times I thought I ought to quit making other men rich and go to work for myself. [20:41] Henry Leland was good at sales by not trying to be good at sales. He wanted to educate people. He was gifted at selling because he gave the customer useful advice. [22:26] As usual there was little money left over for saving. And yet Henry Leland was more hopeful of going into business for himself than ever before. He had brought his skill and experience to the service of the ambitious industrialists of the west and they had shown him in return the financial method that had put them in business. Each had organized a company by selling stock. “Eureka,” said Henry Leland to himself, “I have found it,” for he had great experience and he was sure he could raise a little money. His dream of an independent business might come true after all. [23:40] Henry Leland had a lifetime of experience before he starts his first company. He was 47 years old. He had been working in factories since he was a teenager. [25:03] Leland was a missionary for precision. He held people to high standards. [26:07] Horace Dodge trained directly under Leland for two years before starting a machine shop of his own. [27:45] The building up of a business, which expands rapidly and must be financed primarily from its own earnings, is often a discouraging process. [27:56] How Henry Leland advertised the services of his foundry: We appeal for business only to those who want the best. We do not attempt to compete with the average foundry on price. We believe no other foundry can successfully compete with us on quality. [29:57] “There always was and there always will be conflict between Good and Good Enough. In opening up a new business one can count on meeting resistance to a high standard of workmanship. It is easy to get cooperation for mediocre work, but one must sweat blood for a chance to produce a superior product.” —Henry Leland [35:10] Henry Leland founds Cadillac when he is almost 60 years old: Henry Leland now embarked on the great adventure of his life; he would play an important role in the organization of Detroit's first successful automobile company. [35:27] Cadillac was making $2 million per year in profit when Billy Durant buys Cadillac for $4.5 million. [37:21] Other men had built cars for many reasons—for the fascination of creation, for the profits in it—but Henry Leland agreed to build a car because he did not want to see a pet engine unappreciated and unused. [38:53] Henry Leland was an expert in a field where experts were still uncommon. [41:13] We buy the best parts we can find. I have always contended price should be considered last by a manufacturer in selecting materials for his product. [45:10] His theory was that the one essential ingredient of success was mastery of one's self as well as one's job. [47:57] A story: If you do the right thing people will remember. [52:10] Henry Leland is 77 years old when he starts Lincoln Motor Company [54:21] Henry Leland did not believe in quitting: It was manifestly impossible for the Lelands, men of tender heart and unswerving integrity, to take a cold, dispassionate view of the financial straits of the Lincoln Company. Many automobile companies had had money troubles; some had undergone a variety of reorganizations, combinations and other stratagems to keep alive and their directors and management had not been considered dishonest or insensible of their trust even though investors may have lost a portion or all of their equity. But such a course was unthinkable for the Lelands; as long as there was breath in their bodies they would oppose it. They had invested everything they owned in the company. [1:01:05] Henry Ford and Henry Leland were like oil and water: We see a difference in management culture. Leland led from the front. Ford beat you down from above. [1:02:27] How Ford management described the Lincoln organization: The whole organization is unusually harmonious and uniformly competent. [1:05:40] A letter from Henry Leland to Henry Ford: I cannot but feel certain that you intended to keep those pledges when you made them to me personally and, while I cannot understand the long delay on your part, I still hope and trust that you will not shake my life long faith in humanity. —“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested, so my poor wallet suffers.”— GarethBe like Gareth. Buy a book. It's good for you. It's good for Founders. A list of all the books featured on Founders Podcast.

Founders
#121 Billy, Alfred, and General Motors: The Story of Two Unique Men, A Legendary Company, and a Remarkable Time in American History

Founders

Play Episode Listen Later Apr 19, 2020 22:34


What I learned from reading Billy, Alfred, and General Motors: The Story of Two Unique Men, A Legendary Company, and a Remarkable Time in American History by William Pelfrey.If you want to listen to the full episode you’ll need to upgrade to the Misfit feed. You will get access to every full episode. These episodes are available nowhere else.As a bonus you will also get lifetime access to my notebook that contains key insights from over 285 podcasts and lectures on entrepreneurship.The Misfit Feed has no ads, no intro music, no interviews, no fluff. Just ideas from some of the greatest entrepreneurial minds in history. Upgrade now.

IslamiCentre
Fighting Coronavirus; Hygiene in Islam & History - Maulana Syed Muhammad Rizvi

IslamiCentre

Play Episode Listen Later Feb 7, 2020 23:25


- The global chaotic reaction to the outbreak of the Coronavirus, originating in China - These are the moments where we need to look at the Islamic guidance about food and drink, and also the simple rules governing the hygiene in our daily lives - In the last two decades, many schools have instituted the policy where the students are asked to wash their had four to five times a day. This has had an impact in deducing absenteeism. Discussing a study in the US reflecting this - For a Muslim, even if he is not consciously washing his hands, just the act of doing wudhu forces him to wash the hands three to five times a day. We take this for granted and now we see that the world is moving in that direction! - Narrating a hadith related to this issue - William Durant, author of 'The story of civilization' writes: “Cleanliness, in the Middle Ages, was not next to godliness. Early Christianity had denounced the Roman baths as wells of perversion and promiscuity, and its general disapproval of the body had put no premium on hygiene.” - Describing the Ottoman civilization, the same historian writes, “…in Islam cleanliness was really next to godliness.” - This is only the physical aspect. The spiritual dimensions can be seen when you look at the recommended du‘as associated with different stages of wudhu. - These du‘as prepare us to think about the day of judgement - Some disasters are natural while others are because of our actions. - Sura Rum, verse 41 related to this issue - Besides the physical precautions that we have to take to protect ourselves, individually and collectively, we should also seek the path of prayer so that Allāh may keep us away from such calamities. - The former Indonesian President Abdurrahman Wahid mentality towards Shī‘ism is praiseworthy. In responding to some of his detractors who accused him of being a Shī‘a, Wahid pointed to the prevailing love for Ahlul Bayt among the Sunnis of Indonesia, in particular, the supplication that read: “li khamsatun utfi biha ḥarra ’l-wabã al-ḥãṭimah, al-Muṣtafa wa ’l-Murṭaḍa wa ibnãhumã wa ’l-Fãṭimah.” - "I have five persons through whom I extinguish the heat of crushing disease: the Prophet, ‘Ali, Hasan, Husayn & Fatimah." MP3: https://f001.backblazeb2.com/file/Jaffari/Fridays/FridayKhutba_Rizvi_2020-02-07_13-07-27.mp3 Youtube: https://youtu.be/fgFUHIC_P1g Friday Juma Khutba Recited By: Maulana Syed Muhammad Rizvi Date: February 7th, 2020 https://youtube.com/islamicentre https://anchor.fm/islamicentre https://facebook.com/IslamiCentre.org https://islamicentre.org https://facebook.com/sayyidmrizvi https://instagram.com/sayyidmrizvi https://twitter.com/sayyidmrizvi

Ecu-Men Podcasts
Baltimore Catechism - Lesson 06

Ecu-Men Podcasts

Play Episode Listen Later Jan 28, 2020 68:22


Here on the next lesson of the Ecu-Men, we cover the topic of Actual Sin. We shed light on the two types of sin and what makes one sin venial & the other mortal. We will also begin to expand on the topic of grace. And we will also talk about how to stay out of sin. Thanks for listening! 63. Is original sin the only kind of sin? Original sin is not the only kind of sin; there is another kind, called actual sin, which we ourselves commit. (John 8:34) 64. What is actual sin? Actual sin is any willful thought, desire, word, action, or omission forbidden by the law of God. 65. How many kinds of actual sin are there? There are two kinds of actual sin: mortal sin and venial sin. 66. What is mortal sin? Mortal sin is a grievous offense against the law of God. (Ecclesiasticus 21:2) 67. Why is this sin called mortal? Because it deprives the sinner of sanctifying grace, the supernatural life of the soul. (Ecclesiasticus 15:18) 68. Besides depriving the sinner of sanctifying grace, what else does mortal sin do to the soul? Mortal sin makes the soul an enemy of God, takes away the merit of all its good actions, deprives it of the right to everlasting happiness in heaven, and makes it deserving of everlasting punishment in hell. (Romans 6:23) 69. What three things are necessary to make a sin mortal? To make a sin mortal these three things are needed: the thought, desire, word, action, or omission must be seriously wrong or considered seriously wrong; the sinner, must be mindful of the serious wrong; the sinner must fully consent to it. 70. What is venial sin? Venial sin is a less serious offense against the law of God, which does not deprive the soul of sanctifying grace, and which can be pardoned even without sacramental confession. (Matthew 6:48) 71. How can a sin be venial? A sin can be venial in two ways: when the evil done is not seriously wrong; when the evil done is seriously wrong, but the sinner sincerely believes it is only slightly wrong, or does not give full consent to it. 72. How does venial sin harm us? Venial sin harms us by making us less fervent in the service of God, by weakening our power to resist mortal sin, and by making us deserving of God's punishments in this life or in purgatory. (Matthew 12:36) 73. How can we keep from committing sin? By praying and by receiving the sacraments; by remembering that God is always with us; by recalling that our bodies are temples of the Holy Ghost; by keeping occupied with work or play; by promptly resisting the sources of sin within us; by avoiding the near occasions of sin. . (Mark 9:42) 74. What are the chief sources of actual sin? The chief sources of actual sin are: pride, covetousness, lust, anger, gluttony, envy, and sloth, and these are commonly called capital sins. 75. Why are these called capital sins? They are called capital sins, not because they, in themselves, are the greatest sins, but because they are the chief reasons why men commit sin. 76. What are the near occasions of sin? The near occasions of sin are all persons, places, or things that may easily lead us into sin. ======= Baltimore Catechism, Lesson 6: https://www.catholicity.com/baltimore-catechism/lesson06.html Sacrament of Penance (Confession): https://www.catholicity.com/baltimore-catechism/lesson29.html Sins that lead to death: https://biblehub.com/1_john/5-16.htm Prayers of Unrepentant Sinners: https://biblehub.com/john/9-31.htm Sistine Chapel: Adam & God: https://www.bbc.com/news/world-europe-20127765 Fr. Casey, Spiritual Combat: https://www.youtube.com/watch?v=OlpTFUqOkj0 Aristotle quote, interpreted by William Durant: https://en.wikiquote.org/wiki/Aristotle#Misattributed Cassock: https://en.wikipedia.org/wiki/Cassock St Alphonsus, Number of Sins beyond Pardon: https://www.youtube.com/watch?v=1WumCIiw6hk Spiritual Combat: http://www.catholictradition.org/Classics/combat.htm Noonday Devil: https://www.amazon.com/Noonday-Devil-Acedia-Unnamed-Times/dp/158617939X

Stories from the Stacks
Nobody Rationalizes Billy: The Early Automotive Industry with Bernie Carlson

Stories from the Stacks

Play Episode Listen Later Jun 11, 2019 24:00


Everybody knows Henry Ford, then there’s the tycoon you’ve never heard of, Billy Durant. The motive force behind the early success of Buick and the founding of Chevrolet and General Motors, William C. Durant developed business practices that transformed the automobile industry. Durant was a businessman of marked tenacity and impatient of restraint, and he used these qualities to amass a fortune and to fend off would-be interlopers in his arena of corporate power. In this episode of Stories from the Stacks, historian Bernie Carlson, professor at the University of Virginia, discusses his research into the role played by William Durant in the early automobile industry. Carlson suggests that the prominence of Henry Ford and Louis Chevrolet in the historiography of automobiles obscures the diversity of business practice that flourished in the early decades of the industry. Among Durant’s key innovations was the development of the holding company as a corporate form with control over subsidiary firms for manufacturing and distribution. Using Hagley Library collections, including the John J. Raskob papers and the Z. Taylor Vinson collection of transportation ephemera, Carlson discovered that Durant faced stiff competition from rival capitalists P.S. du Pont and J.J. Raskob, who wished to intervene in General Motors to rationalize its management and operations as they had recently done with the DuPont Company. Durant refused to cede control of his company, and through complex financial machinations managed to retain it. Carlson describes his research methods as “reading dead people’s mail” and “following the money.” To support his use of Hagley Library collections, Dr. Carlson received a Henry Belin du Pont research grant from the Center for the History of Business, Technology, & Society. More information on funding opportunities for research at Hagley can be found at www.hagley.org/research/grants-fellowships. For more Stories from the Stacks, go to www.hagley.org, or subscribe on your favorite podcatcher. Interview by Amrys Williams. Produced by Gregory Hargreaves. Image: General Motors studies the small car in 1925, PC20110510_726, Chamber of Commerce of the United States photographs and audiovisual materials, Series II. Nation’s Business photographs (Accession 1993.230.II), Audiovisual Collections and Digital Initiatives Department, Hagley Library.

Finding True Wealth Podcast with Nick Hopwood, CFP
EP 029: Finding a Satisfying Second Career with Dr. Russ Dore

Finding True Wealth Podcast with Nick Hopwood, CFP

Play Episode Listen Later Feb 9, 2018 30:16


Dr. Russ Dore of PCS Counseling and Dore Productions sits down with Nick to chat about Finding a Satisfying Second Career. Dr Russ has consulted with hundreds of individuals in transition and shares some stories and takeaways from his experience. Some recurring themes from previous episodes are revisited, such as Blueprinting, Start with Why, Your Retirement Quest author Keith Lawrence, and Certified Retirement Coach Donna Martin. We also learn about Dr Russ' personal journey into his second career with theatre and his production company, with some interesting facts about Henry Ford and William Durant.  Peak Wealth Management is a full-service Registered Investment Advisor located in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions putting them on a path toward fulfillment and their own definition of true wealth.

The Safety Doc Podcast
The Mass Psychology of Disasters: 8 Findings That Don't Fit the Narrative

The Safety Doc Podcast

Play Episode Listen Later Dec 16, 2017 60:02


Panic is far from being the typical reaction to disaster. Dr. Perrodin explains 8 findings about disaster response that doesn't fit the typical narrative. For example, contagion behavior is simply copying the behavior of others and often leads to a suboptimal outcome - so stop and recognize ALL options! He describes that crowd violence is seldom random and what "freezing" really means. ANECDOTES: Dr. Perrodin shares entertaining anecdotes of tacky Christmas inflatables, his reasons for migrating to PodBean, tinkering with his new ZoomH4Npro, why virtual reality fieldtrips in schools will be all the rage and vulnerable to delivering political or social agendas and further painting formative years reconnaissance as being dangerous (this is spurious logic) and how singularity will save at least 30,000 lives in the US annually in just 25 years by decreasing vehicle fatalities by 90%. David also shares a lesser known life story of GM / Frigidaire founder William Durant, his fiscal, psychological and health collapses, and how his final years were spent flipping burgers at a bowling alley in Michigan. To inform this episode, Dr. Perrodin explores “The mass psychology of disasters and emergency evacuations: A research report and implications for practice (2007)” by Dr. John Drury & Dr. Chris Cocking - Department of Psychology - University of Sussex. COMMUNICATION IN A DISASTER MAKES OR BREAKS THOSE IN AUTHORITY. Downplaying the importance of meaningful communication with the (irrational) crowd may develop a distrust of the authorities. In turn, this may mean valid information may be ignored or not acted upon by the public in the future. PEOPLE EXIT WHERE THEY ENTERED. People tend to seek to exit the same way they entered - even when a marked exit might be closer - it is not a familiar or intended route. Due to most people having rusty situational awareness, they often do not recognize the emergency and act quickly enough. It's easier, but not smarter, to simply be led (follow). WHAT REALLY IS “FREEZING”? Freezing during a disaster takes two forms: (1) Literally not acting – freezing, and (2) Becoming disassociated or psychologically distanced from the reality of what is happening and waste time inappropriately tidying desks, organizing areas, waiting to power down computers. This is basically a defense mechanism of expecting life to return to the expected torus, or what is normal. It is a failure to acknowledge a state of chaos – and chaos actually presents options to those that accept that the disruption of the torus. CONTAGION BEHAVIOR – NEVER JUST GO WITH THE CROWD. Contagion behavior is simply copying the behavior of others. If you looked were in a crowd and people suddenly began to run in a direction, with a sense of panic, most would follow - yet not knowing the cause or without evaluating options.  One person who appears to present with confidence and be informed can lead others to a suboptimal outcome that they would have never selected without infected by the contagion. LESS THAN 1% OF PEOPLE PANIC. Panic is far from being the typical reaction to a disaster. In fact, it has been noted in .8% of cases including the atomic bombing of Japan in 1945 and the September 11, 2001 WTC attacks. Dr. Perrodin illuminated 3 flaws in “The Panic Model”. FOLLOW DR. PERRODIN: Twitter @SafetyPhD and subscribe to The Safety Doc YouTube channel & Apple Podcasts RSS feed. SAFETY DOC WEBSITE & BLOG: www.safetyphd.com  David will respond to comments & emails. The Safety Doc Podcast is hosted & produced by David Perrodin, PhD. ENDORSEMENTS. Opinions are those of the host & guests and do not reflect positions of The 405 Media or supporters of “The Safety Doc Podcast”. The show adheres to nondiscrimination principles while seeking to bring forward productive discourse & debate on topics relevant to personal or institutional safety. Email David: thesafetydoc@gmail.com

History Author Show
Sheila Myers – Castles in the Air: Book 2 of the Durant Family Trilogy

History Author Show

Play Episode Listen Later Sep 18, 2016 47:55


September 19, 2016 - This week, our time machine makes a return visit to 1870s, to check back in on Union Pacific Railroad tycoon Dr. Thomas C. Durant, and his children, William and Ella. We first met the Durants when we chatted about Sheila Myers' novel, Imaginary Brightness, as they had their comfortable lives in London shattered by a Gilded Age economic panic. Book 2, Castles in the Air, finds William Durant as the uneasy head of the diminished family fortune. As he struggles to restore it in New York's Adirondack Mountains, Ella flees to London to pursue her life as a writer -- and to be pursued by a mysterious French count (or at least he says he's a count). If you'd like to meet the Durants, you can pick up Castles in the Air for 2.99¢ on Kindle. You can follow Sheila Myers on Twitter @SheilaMMyers, or visit her at WWDurantStory.com.