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Nick
This is Nick.
Jack
This is Jack.
Nick
And today's leader's pod is the best one yet.
Jack
Our top three business leader stories of the past year.
Nick
Yetis, if you're listening to this pod, I am on a flight to France and Jack is swimming down in the mad river, freezing his butt off.
Jack
For Memorial Day weekend, we curated three stories from last year on epic business leader profiles. Because these people changed how we think.
Nick
Yeah, they really did. So after you finish this episode, send it to a buddy who'd be inspired by one of these business legends, and.
Jack
Then go enjoy a margarita moment by the grill. You earned it.
Nick
Friday's the real Friday. Jack, what's on today's show?
Jack
For our first story, we're going back to January 26, 2024. Country singer Dolly Parton just celebrated a new birthday, a new food brand, and a new album.
Nick
Not too shabby. So we're looking at the billion dollar business of Dolly Parton's Dollywood.
Jack
For our second story, we're going back to July 8th. Bill Gates, for a long time was the richest person in the world, but.
Nick
His former assistant at Microsoft is now richer than Bill Gates.
Jack
And it's a lesson for all of us in risk, reward, and money. And our third and final story is from September 24th. Jony I've is the greatest industrial designer of our time. He designed the iPhone.
Nick
And after five years in secrecy, Jony I've just unveiled his next big thing.
Jack
But yetis, before we hit that wonderful mix of stories.
Nick
Fantastic mix of stories, Jack.
Jack
Elon Musk, Warren Buffett, Sam Altman.
Nick
Okay, we looked at the data. Those are the three most common business names in news.
Jack
Last year, the Wall Street Journal wrote an article about Elon Musk every single day.
Nick
We covered Warren Buffett six different times.
Jack
And Sam Altman is in so many places, he's probably sitting next to you right now.
Nick
Whoa, Sam, what are you doing there?
Jack
But you also come to us, this pod, for stories no one else is whipping up.
Nick
So there are three other names in business that we think you should know.
Jack
Three business icons who don't get front page news treatment.
Nick
Honestly, if we could grab brunch with three people in business right now, this. Jack, this is the cr.
Jack
We'd order eggs Benedict, we'd get sauce.
Nick
On the side, and we would take notes the entire meal.
Jack
So grab a pen, grab a paper, and take a seat at the table.
Nick
Besties. These are our three top business leader stories from last year.
Unknown
Fifteen years before this song, two boys from the northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet. But the best is the norm. Jack, Nick, that's it. I don't even think they need to practice. 50%. That's a fat tip. T Boy City on your if you know, you know. Cause we read to go we can't wait no more so just start the show, start the show, start the show.
Nick
First, a quick word from our sponsor.
Jack
Monarch Money.
Nick
Yeah, it is. We've told you before about a tradition Jack and I have we call the Budget Brunch.
Jack
Once a month we go through all our family spending with our spouse and we turn it into a fun event.
Nick
Sometimes it's a fun brunch. Sometimes. How much are those pancakes?
Jack
True, but Nick and I had to create an Excel spreadsheet to track our spending. We're kind of old school, but we just found an app that will do it all for you.
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Jack
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Nick
Over a million people already use it and it has over 30,000 5 star reviews.
Jack
Plus a bunch of their team are yetis who listen to and love this podcast. So come on.
Nick
Couldn't agree more, Jack. So get control of your overall finances with Monarch Money.
Jack
Use code T boy@monimal money.com in your browser for half off your first year.
Nick
That's 50% off your first year@monimalmoney.com with code T Boy.
Jack
This podcast is sponsored by Northwestern Mutual.
Nick
Yet he's Lots of financial companies want to talk to you, but Northwestern Mutual wants to listen.
Jack
Do you? Some companies say they have all the answers, but Northwestern Mutual has better questions.
Nick
Yeah, the financial pros, they are going to ask you questions about your financial situation that honestly, you never asked yourself a big one.
Jack
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Nick
Because that's how Northwestern Mutual designs a strategy that'll be uniquely yours. So come lie down on the couch. Find a better way to money@nm.com that's.
Jack
NM.com the Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin. For our first story, we're going back to January 26, 2024.
Nick
Dolly Parton actually has turned one year older. So she's 79 now. But still, this story is fantastic. Dolly Parton dropped a brand new album, launched a new food brand and celebrated her 78th birthday with a concert.
Jack
So we jumped into the business of Dolly Parton's Dollywood.
Nick
Yeti's Dolly Parton. She's got the biggest hair east of the Mississippi, actually, and the biggest hair west of the Mississippi, now that I think about it.
Jack
You've heard her songs nine to five. Jolene, here you come again. There's literally thousands of others.
Nick
Born in a logwood cabin on the little Pigeon river in lovely Tennessee, she's like Will Hunting.
Jack
Dolly Parton has 11 siblings.
Nick
Her first public performance was actually at a church where she was singing by age 6.
Jack
But by 13, she was belting out notes at the famous grand Old Opry.
Nick
Now, Yetis, Jack and I told you, we jumped in t boys style to Dolly Parton, the legendary country singer. And we found some legendary numbers.
Jack
She's written 3,000 songs. She's sold 100 million albums. Those are country music records.
Nick
And that song catalog from Dolly parton is worth $150 million because all of.
Jack
Our listening on Spotify and Apple Music and on the radio, it generates $8 million in annual royalties.
Nick
Those $8 million are like one big loud symphonic dividend. Check to Dolly Parton.
Jack
Now, remember that famous song by Whitney Houston from the movie the Bodyguard? I will always love you.
Nick
Classic Whitney Houston song, Jack.
Jack
Originally that was Dolly Parton and she's made $10 million by letting Whitney Houston cover it.
Nick
In fact, YETI's Elvis Presley and Dolly Parton sang a duet and Elvis asked Dolly if he could have her rights, her half of the song. And what did she say, Jack?
Jack
No, thank you, Mr. King.
Nick
Dolly Parton. Love is like a butterfly, but in business, she's like a hornet.
Jack
Yeah, she is. But what separates Dolly from the rest of the music moguls out there is her business range.
Nick
This is what Jack and I found fascinating about this story. Dolly Parton has built a more diversified entertainment conglomerate than Disney.
Jack
Dolly co founded a TV production company called Sand Dollar Productions which brought us Buffy the Vampire Slayer and Father of the Bride.
Nick
If you like those movies. Yeah, you can thank Dolly Parton for those two movies.
Jack
She also built a famous theme park called Dollywood which gets visited by 3.
Nick
Million people every year. It turns out Dollywood is the most visited attraction entire state of Tennessee. Like the GDP of Tennessee, Dolly Parton.
Jack
And Dollywood's worth $400 million.
Nick
If you're a cracker Barrel, you can eat a Dolly Parton meal because she partnered with that food chain.
Jack
Or you can eat on Dolly Parton plates made by William Sonoma.
Nick
And just this week, Dolly Parton expanded her partnership with the $15 billion food giant ConAgra.
Jack
She already had Dolly Parton buttermilk pancake mix. Soon you can have Dolly Parton frozen fried chicken. Do I have to wear a BOLO.
Nick
If I do a check a bolo? Somebody hasn't been to the Grand Ole Opry.
Jack
No, I haven't. It's on my list.
Nick
Oh. Dolly Parton didn't just write a memoir. She also has a line of fiction books.
Jack
This is amazing. She wrote a thriller series along with James Patterson based on the stories from one of her albums.
Nick
Dolly Parton even runs a dog apparel.
Jack
Company called Doggy Parton because every beagle needs a blonde wig, but yet he's.
Nick
At all this up. And this business empire is worth over half a billion dollars. And we're not even talking about the charity part.
Jack
Dolly Parton is like the Princess Diana of our time. She is philanthropic and loved by everyone for it.
Nick
Her charity just got $100 million in funding from Jeff Bezos of Amazon in November of 2020.
Jack
Early pandemic when we invented the MRNA COVID vaccine. The New England Journal of Medicine thanked Dolly Parton's COVID 19 research fund, which she established at Vanderbilt University.
Nick
Oh, and by the way, she's also the godmother of Miley Cyrus. Party that in the usa. So, Jack, what's the takeaway for our buddy Dolly Parton Inc.
Jack
Humor transcends all.
Nick
Yetis the biggest business takeaway that Jack and I have gotten from Dolly Parton. It's how she reaches such a wide audience.
Jack
Dolly Parton manages to reach a range of fans who are culturally quite opposites.
Nick
Because Dolly Parton, she's a red state, patriotic, deep south working class icon, but.
Jack
She'S also a top ally of the LGBTQ community and a key reason why.
Nick
Why she's so relatable to everyone. It's because she's funny. She uses humor.
Jack
Oftentimes, Dolly sounds more like a comedian than a singer or a businesswoman.
Nick
Yeah, like she makes fun of her own plastic surgery. Like, she once told Oprah, it takes a lot of money to look this cheap.
Jack
She once said, I'm the first woman to burn my bra. It took the fire department four days to put it out.
Nick
Jack, that's like a feminist thing to say, but, like, also not a feminist thing.
Jack
To say one thing we've learned in life is that humor can transcend cultural lines like politics, race and income.
Nick
And Dolly Parton's billion dollar Dollywood empire proves it.
Jack
For our second story, we're going back to July 8, 2024 wild story about.
Nick
Bill Gates and his assistant. Bill Gates is no longer the richest person at Microsoft. His former assistant is.
Jack
The way that Steve Ballmer surpassed Bill Gates is a lesson on risk and reward.
Nick
Yes, it is. But in order for us to tell this story, Jack, can we travel back to 1980, please?
Jack
A startup of techie nerds in Seattle put out a Jo Job posting.
Nick
Assistant founder.
Jack
Assistant to the founder.
Nick
Ah, good point, Jack. Yet he's Bill Gates, the future richest man on earth. He needed a personal assistant asap.
Jack
And one man answered the call. His name was Steve Ballmer.
Nick
Steve Ballmer. Bald man, big personality.
Jack
This was actually a Harvard classmate who lived down the hall from Bill Gates back in the day.
Nick
Didn't have much hair, but he had a whole lot of energy back then.
Jack
Steve was at Stanford Business School a few years after Harvard. When Bill convinced him to drop out.
Nick
Of grad school, Bill was like, come join my software startup. I can't code without my coffee.
Jack
That software startup was called Microsoft, by the way.
Nick
Yes, it was. And he needed a personal assistant. So Jack, what was the first contract like for Steve when he joined Microsoft?
Jack
He got $50,000 as a salary and 10% of the profit growth that he could generate.
Nick
They basically treated Steve like a sales guy. He was Microsoft's first non technical employee.
Jack
So he was paid a salary plus a commission.
Nick
Sounds simple, straightforward, a nice standard job.
Jack
But Steve moved on from a nice standard job because of this news.
Nick
Here's the news.
Jack
44 years later, Steve Ballmer is now worth more than Bill Gates.
Nick
As of last week, Steve Ballmer is now worth $157 billion.
Jack
The assistant has become the master.
Nick
Steve Ballmer is now the sixth richest person in the world. He's even wealthier than Clippy.
Jack
Nick, I'm actually looking at the Forbes list of the 10 richest people in the world.
Nick
I like it. What are you seeing, Jack?
Jack
Steve Ballmer's on that list.
Nick
Okay.
Jack
And he's the only one who did not found his company.
Nick
Whoa. So like all 10 of the 10 richest people on earth, they founded a company, except for this one guy. How did Steve Ballmer go from assistant CEO?
Jack
Assistant to the CEO?
Nick
Good point. To richer than anyone at Microsoft with.
Jack
One strategic salary decision.
Nick
And here it is. When Microsoft turned six years old, the Company decided to restructure. And Steve Ballmer spoke up.
Jack
Microsoft revenue had recently doubled. So Steve led the company in a reorganization and a restructuring.
Nick
And Jack, what was Steve's one request as part of this?
Jack
That he get equity equity.
Nick
Specifically, Steve asked for 8% of the stock in the company.
Jack
In exchange, he was willing to give up that nice 10% commission.
Nick
What Jack and I are saying is that Steve gave up the cold, hard, nearly certain cash in exchange for uncertain stock in Microsoft.
Jack
In fact, six years later, Steve made another huge bet, wanting to get even more deep with Microsoft stock in 1987.
Nick
Microsoft stock dips, employees get worried, investors get worried, management gets worried.
Jack
But Steve didn't. He took the little cash he had on the side to buy even more stock in Microsoft.
Nick
Fast forward and Steve Ballmer eventually becomes the CEO of Microsoft for 14 years, retiring in 2014.
Jack
And today, with Microsoft worth $3 trillion, the value of that stock that he bought back in 1987 has gained by 1500x. So each $1 of stock he bought in 1987 is worth $1500 today.
Nick
Not too shabby. Yet he's Bill Gates sold most of his Microsoft stock and he's given a lot of it away to Cherry.
Jack
So Steve Ballmer is now the biggest shareholder at Microsoft, owning 4% of the company. That's a lot of equity.
Nick
And as of last week, it's richer than his old boss, Bill. So Jack, what's the takeaway for all our buddies in the US Economy?
Jack
Taking equity instead of cash is risky, but it's how people get rich.
Nick
Now, yetis, Jack and I know not everyone is in a position to get equity in a company or in a startup.
Jack
But Steve Ballmer's money story is a valuable lesson on wealth generation.
Nick
And here's why. Because each step of his career is reminder that reward comes with risk. And equity was his risk.
Jack
His ownership in Microsoft could have tanked. Like so many tech companies during the dot com bubble, his wealth could have gone to zero.
Nick
But it didn't tank. In fact, his risk paid off and he ended up as the sixth richest man on earth.
Jack
Major leaps in wealth typically don't come through a salary. They come through equity.
Nick
Could be huge amounts of stock that you accept as pay, like Steve Ballmer did, or it could be a little.
Jack
Bit put in the stock market year over year, compounded over.
Nick
Stocks are risky, cash isn't.
Jack
Savings can grow, but stock can grow faster.
Nick
Owning things like stocks and equity, that's how people get wealthy. Now a quick word from our sponsor.
Jack
The best one yet is sponsored by BetterHelp.
Nick
Well, Yetis, how's that New Year's resolution looking? Cause it's almost time for your mid year's resolution. It's pre summer. It's time for a check in. What's going on, Jack?
Jack
My New Year's res this year was to end my bad moods quickly.
Nick
Oh, yeah, get into a bad mood. It happens to us all. And Jack's learning in therapy to figure out what triggers his.
Jack
For example, if I do something I think deserves praise, but it's met with critique instead, that's gonna trigger me. But Nick, instead of letting it ruin the whole day, possibly the whole weekend, I'm learning to cope quickly.
Nick
There is so much therapy jargon in that sentence. Jack, I know you've been going to therapy, and I know what Jack's RVF looks like, and I'm happy to report they are melting away quicker this year.
Jack
There you go. Therapy isn't just something that impacts your personal life. It impacts your work performance too.
Nick
Well, I happen to be Jack's lawfully wedded work husband after all, so I've seen all of this live.
Jack
Yeti's therapy can help you live a better life, full stop. That's why we recommend BetterHelp.
Nick
Because BetterHelp has over 10 years of experience matching people like your friends with therapists.
Jack
There's over 30,000 therapists to connect with. This is the world's largest online therapy platform serving 5 million people.
Nick
We're all better with help.
Jack
Visit betterhelp.com tboy to get 10% off your first month.
Nick
That's betterhelphelp.com tboy prize picks how do we know it's spring? Well, partially cause of the tulips Jack's been growing on his front lawn, but also cause of playoffs. Like happy playoff season.
Jack
Maybe late April is when both basketball and hockey playoffs begin.
Nick
Plus, my tulips are the Rangers not in it. Our sponsor, Prizepix, is the fastest and easiest way to play daily fantasy sports for real money.
Jack
Just pick more or less on a few player stat lines and your lineup is set in seconds.
Nick
Now, Jack, I know how you do fantasy sports. You pick by age, right? Like, what are you going with here?
Jack
I pick emotionally. And Steph Curry is the same age as you and me. He's 37, so I'm picking him to make more than three and a half three pointers tonight.
Nick
That's right. Watching basketball is 10 times more exciting when the player has the close marginally same birthday as you.
Jack
And you can turn your playoff hot takes like that one into tickets to basketball's championship series too.
Nick
Starting with the play in round, every lineup you make on prize picks will enter you in the takes two ticket.
Jack
Sweepstakes which could get you and a 1A VIP trip to the championship.
Nick
So download the app today and use code T boy to get 50 bucks instantly after you play your first $5 lineup.
Jack
That's code T boy to get $50 instantly after you play your first $5 lineup.
Nick
Prize picks run your game.
Jack
This story is from September 24, 2024.
Nick
Wow. Yetis breaking news happened this week. Jony I've's new company which you're about to learn about in this story is now part of OpenAI.
Jack
Sam Altman and Jony I've are building the AI hardware product that could replace the iPhone.
Nick
Now before we share our profile on Johnny, here's what he said his words this week about his design Firm's merger with OpenAI.
Jack
Push and play. I am absolutely certain that we are literally on the brink of a new generation of technology that can make us our better selves. Okay, now to quote Jack Nicholson, here's Jony.
Nick
Jony I've is the most important designer of our lives. He's the guy behind the ipod, the iPhone and the iPad, just to name a few.
Jack
And Jony I've finally just unveiled his secret project of the last five years.
Nick
It's called Love from Now Jack, you and I don't have full access to the Apple Org chart, but if there was one person at Apple who's the most like Steve Jobs, who'd you say it was?
Jack
It was Johnny Ives. Hands down.
Nick
Johnny I. He was British, he was knighted by the queen of England and odds are he designed something that you are holding or touching or using right now.
Jack
Apple is known for its revolutionary tech design. We're talking about the iPhone, the iPad, the Apple watch.
Nick
And Jony I've this man, he did all of them.
Jack
He even architected Apple's spaceship like headquarters building in Cupertino, California like Steve Jobs.
Nick
Jony I've believed in simplicity, in minimalism, in doing less to do more.
Jack
This was during a time that people were doing more to do more. Like picture 2005 German luxury car. It was a hundred buttons around you. So many buttons.
Nick
Yeah, you remember the blackberries.
Jack
That was a whole lot of tapping. Jony I've did the opposite at Apple.
Nick
He had no tolerance for an extra button and if he saw one he was not going to be happy about it.
Jack
Fun side note though, when he was a student in university. Do you know what Johnny I've senior dissertation was about?
Nick
The first thing Johnny I've designed before the iPhone.
Jack
What was it?
Nick
Jack?
Jack
He reimagined the loo.
Nick
Yeah, it was a toilet. He actually redesigned the toilet.
Jack
Ironically, toilets only have one button, the flush. Did he eliminate that one button? That's a story for another pod.
Nick
But yetis, there are celebrity chefs, there are star catechs, star architects, but Johnny is the first ever celebrity industrial designer.
Jack
Thanks to him, at tech companies, engineers and designers are the people with power.
Nick
But in 2019, this iPhone designer left Apple at the top of his game to work on a secret project.
Jack
And he hasn't talked to anybody about it in five years.
Nick
No joke. That's a quote he said. Well, five years later we finally found out in a New York Times interview last weekend what exactly Jony I've been up to.
Jack
He's been working on a company called.
Nick
Love from Love from a company whose name was inspired by a Steve Jobs quote. In a meeting with Jony I've Steve.
Jack
Jobs told him to create from what you love.
Nick
And apparently Johnny I loves one neighborhood in San Francisco. Jack.
Jack
For the last five years he's bought up $90 million worth of real estate in one block of downtown San Francisco.
Nick
It's actually a flu box from our recording studio. It's called Jackson Square. It's the one neighborhood in San Francisco that was not destroyed by the 1906 earthquake. And it's gorgeous.
Jack
A lot of barrier techies left San Francisco during the pandemic for low tax, low regulation states. Johnny doubled down on his home city of San Francisco.
Nick
And now he's got 70,000 square feet of office space in lovely Jackson Square, San Francisco.
Jack
And he's not just testing out new toilets in that 70,000 square feet office space. Over the last five years, he has built up a wildly awesome list of clients.
Nick
Get this. Secretly, Jony I've designed the windows on the new space shuttle for his new company.
Jack
He helped J.J. ambrose design the new lightsaber for the new Star wars films.
Nick
Oh, and Jack, what about the first ever electric Ferrari that's about to come out?
Jack
The interior and the screen were designed by Jony Ives. Love from.
Nick
And his next move might be the biggest tech move in the history of hardware.
Jack
He is designing a physical hardware product for OpenAI, a virtual assistant that will physically be with you.
Nick
Add it all up, yetis and Jony I've's secret company has been generating $200 million in revenue a year already. On those clients.
Jack
If you hire lovefrom to design your next product, you have the best designer in the world.
Nick
Minimalist design, maximalist price. Jack, what's the takeaway for our buddy Jony I've and the love from team.
Jack
It all comes down to the buttons.
Nick
The buttons. Yetis our favorite part about this Jony I've story was when we discovered his obsession with buttons.
Jack
Jony I've's favorite book is a five volume series on the history of buttons on clothing and in fashion.
Nick
And Jack, why is Jony I've obsessed with buttons?
Jack
It's the part of the clothing that you touch the most and buttons are the visual highlight.
Nick
He's obsessed with buttons because it's the perfect blend of fashion and function.
Jack
Do you remember the first ipod you ever had? It only had one button and it had that wheel around it.
Nick
Remember that was Jony I've and then the first iPhone.
Jack
Only one button. Like you said, in an era that the BlackBerry had a hundred buttons, the iPhone had one.
Nick
Jony I've did that. One button.
Jack
Both of those were revolutionary for tech design.
Nick
So our big takeaway about Jony I've is really about his fascination with buttons.
Jack
One small, seemingly insignificant detail can influence the outlook of the whole product.
Nick
Now time for the best fact yet. This one whipped up by Jack and me.
Jack
It's a wild story about one of the great business leaders, Steve Jobs.
Nick
Okay, Steve Jobs, most famous presentation ever. What was it, Jack?
Jack
The iPhone unveil in 2007.
Nick
But the iPhone that Steve unveiled on stage, Funny thing about that iPhone, it barely worked. Yeah, Steve Jobs forced the team to unveil the product before it was ready. It actually had so many bugs in that first iPhone, the engineering team had to create a golden path.
Jack
A golden path is a tech turn for creating a specific sequence that won't make the product crash.
Nick
So while Steve was like on stage.
Jack
Going pushing buttons on the iPhone, if.
Nick
He had done anything off script or pressed the wrong button, everything would have fallen apart on stage in front of the entire world.
Jack
But Steve didn't go off script. He followed the golden path. And the iPhone didn't crash. And that unveil goes down as the best product unveil of all time.
Nick
That was a leadership move.
Jack
He caused his teams to lose sleep and their hair, probably to meet that deadline. But it got us the iPhone. And Now Apple's worth $3 trillion.
Nick
Complicated leader, but still a leadership move. Yetis, you look fantastic for the Friday before Memorial day. And if you've got a friend who'd be inspired by one of these business legends. Send it to him.
Jack
We'll be inspired if you do.
Nick
Our buddy Timmy. He's definitely getting this episode, Jack.
Jack
So enjoy this long weekend. Happy Memorial Day and Nick and I will see you Monday.
Nick
Can't wait. And before we go, congratulations to legendary Eddy Ryan Morrow, who's got a new job and is moving to New York City from Naperville, Illinois.
Jack
Congratulations to Tak and Kate Yamamoto, who are getting married in San Francisco. These are Nick's neighbors.
Nick
I think I can see him from here. You look fantastic, guys. Have fun at the wedding. Can't wait to see some pics.
Jack
Congratulations to Lucas from Madrid, who is a fantastic boyfriend.
Nick
And Zachary Shafer and Gigi Kinney are getting married in Green Bay, Wisconsin. Congratulations. Enjoy some cheers.
Jack
Congrats to Grace Billingsley for getting a PR in the Half Marathon. From Grace Valley, California, Hayley Rock.
Nick
Happy third birthday over there in Boston. Just outside Boston.
Jack
Hailey, this is your big day.
Nick
And John Osborne is retiring in Grass Valley, California. Congratulations John.
Jack
And happy birthday to Rhea Chandra in South Brunswick, N.J. and Zihong Yoo is.
Nick
Celebrating the best birthday yet over in lovely Las Vegas, Angeles.
Jack
Happy birthday to Travis A in the.
Nick
Great state of Maine and Emma Lou Stein. Beldring has got a wonderful birthday up in Vistan, Norway.
Jack
And happy Memorial Day everybody and thank you to all the servicemen and women and to their families for keeping Nick and me safe.
Nick
We got so many besties and yetis in the service out there. Thank you to all. Celebrate the wins.
Jack
If you like the best one yet, you can listen ad free right now by joining Wondery and the Wondery app or on Apple Podcasts.
Nick
Prime members can listen ad free on Amazon Music.
Jack
And before you go, tell us a little bit about yourself by filling out a short survey@wondery.com survey.
Unknown
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Podcast Title: The Best One Yet
Host/Authors: Jack Crivici-Kramer & Nick Martell
Episode: ✊ “The Leaders Pod” — Our 3 Best Stories on Legendary Business Leaders
Release Date: May 23, 2025
In this episode of The Best One Yet, hosts Jack Crivici-Kramer and Nick Martell delve into the inspiring stories of three legendary business leaders who have significantly influenced the business landscape over the past year. Skipping over advertisements and non-content sections, the hosts present a rich and engaging narrative filled with insightful discussions, notable quotes, and key takeaways from each leader's journey.
Timestamp: [04:44] - [09:44]
Overview:
Dolly Parton, the iconic country singer, is not only a musical legend but also a formidable business mogul. In this segment, Jack and Nick explore Dolly's diversified business ventures, highlighting her ability to transcend cultural barriers through humor and relatability.
Key Highlights:
Diverse Ventures: Dolly recently celebrated her 78th birthday by launching a new album, a food brand, and a concert. Her business empire includes Dollywood, a theme park attracting 3 million visitors annually and valued at $400 million ([07:04] Nick).
Strategic Partnerships: Dolly has partnered with major brands like Cracker Barrel and William Sonoma, expanding her product lines to include Dolly Parton meals and specially crafted plates ([07:20] Jack).
Philanthropy: Beyond business, Dolly is a renowned philanthropist, having established a COVID-19 research fund that received $100 million in funding from Jeff Bezos ([08:10] Jack).
Notable Quotes:
Takeaways:
Timestamp: [09:44] - [14:38]
Overview:
The second story chronicles Steve Ballmer's remarkable ascent from being Bill Gates’ personal assistant at Microsoft to becoming one of the world's richest individuals. This narrative serves as a compelling lesson on the power of risk, reward, and strategic equity decisions.
Key Highlights:
Early Career: In 1980, Steve Ballmer joined Microsoft as the first non-technical employee, receiving a salary of $50,000 plus a 10% commission on profit growth ([10:24] Jack).
Strategic Equity Choice: Ballmer opted for equity over a steady commission, acquiring 8% of Microsoft's stock during a critical restructuring phase ([12:24] Jack).
Exponential Growth: His investment in Microsoft stock, especially during downturns, multiplied his wealth significantly as Microsoft's value soared to $3 trillion ([13:07] Jack).
Notable Quotes:
Takeaways:
Timestamp: [17:20] - [23:06]
Overview:
Jony Ive, the legendary industrial designer behind iconic Apple products like the iPhone and iPad, has embarked on a groundbreaking venture by merging his new company, Lovefrom, with OpenAI. This collaboration aims to revolutionize AI hardware, potentially creating devices that could rival the iPhone in impact.
Key Highlights:
Lovefrom’s Endeavors: Over the past five years, Ive has invested $90 million in Jackson Square, San Francisco, and designed products for high-profile clients, including the windows for the new Space Shuttle and the lightsaber for Star Wars ([21:10] Jack).
AI Hardware Innovation: Lovefrom is now part of OpenAI, focusing on creating a physical hardware product that integrates AI more seamlessly into daily life ([17:32] Nick).
Design Philosophy: Ive’s obsession with simplicity and minimalism continues to influence his work, with a particular fascination for buttons as a blend of fashion and function ([22:03] Jack).
Notable Quotes:
Takeaways:
Timestamp: [23:09] - [24:14]
In wrapping up, Jack and Nick reflect on the leadership qualities exemplified by Dolly Parton, Steve Ballmer, and Jony Ive. They emphasize the importance of humor, strategic risk-taking, and meticulous attention to detail as key factors that have propelled these leaders to their legendary statuses.
Final Quotes:
Final Takeaway: Emulating the diverse strengths of these business icons—whether it's Dolly’s humor and diversification, Ballmer’s strategic equity decisions, or Ive’s precision in design—can inspire and guide aspiring leaders toward success.
Personal Stories & Congratulations: The hosts take a moment to congratulate listeners and their acquaintances on various personal milestones, including jobs, marriages, and achievements.
Memorial Day Tributes: A heartfelt thank you to servicemen and women, recognizing their sacrifices and contributions.
This detailed summary provides a comprehensive overview of the episode, capturing all essential discussions, insights, and notable moments shared by Jack Crivici-Kramer and Nick Martell.