#388: Robert Rosenberg on Lessons Learned Running Dunkin Donuts

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 21 September 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Rosenberg served as the CEO of Dunkin Donuts for 35 years. He took a company with 100 shops and $10 million in sales when he first became CEO, to 6500 outlets including Baskin Robbins Ice Cream Shops and nearly $2.5 billion in sales the year he retired. In this conversation, we discuss how to hire, how to fire, finding culture fits, defining competence in specific areas, the four primary functions of a leader, when to go public vs stay private, and the value of a brand. ======================= Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pump. You're listening to the Pomp
0:05.3	podcast, simply the best podcast out there. Let's kick this thing off. Robert Rosenberg served as the
0:12.7	CEO of Dunkin' Donuts for 35 years. He took a company with the 100 shops and $10 million in sales
0:19.3	when he first became CEO to 6,500 outlets,
0:23.4	including Baskin Robbins ice cream shops and nearly $2.5 billion in sales the year he retired.
0:29.3	In this conversation, we discuss how to hire, how to fire, finding culture fits,
0:34.9	defining competence in specific areas, the four primary functions of a leader,
0:39.3	when to go public versus state private, and the value of a brand. I really enjoyed this conversation
0:44.6	with Robert, and I hope you do as well. Before we get into this episode, though, I want to quickly
0:49.8	talk about our sponsors. First up is Block 5. Block 5 is one of my favorite products in all of
0:55.9	crypto. I'm an investor. I sit on the board of directors, and I'm a heavy, heavy user of the product.
1:01.8	You can buy and sell crypto on their crypto exchange. You can deposit crypto and take out a US dollar
1:07.5	loan against your crypto collateral, or you can use my favorite product,
1:11.8	which is their interest-bearing account. In those interest-bearing accounts, you can deposit
1:15.8	crypto or a stable coin and earn up to 8.6% APY. Go check it out at blockfi.com slash pomp.
1:24.5	Again, blockfi.com slash pomp. Next up is choice. Choice is a new self-directed
1:31.3	IRA product that I'm really excited about. If you're listening to this, you're likely part of the
1:35.8	7.1 million Bitcoin owners who have retirement accounts with dollars in them, but not Bitcoin.
1:40.5	I was in that situation too. Now you can actually buy real Bitcoin in your retirement account, though.
1:46.0	I'm talking about owning your private keys and using tax advantage dollars to do it too.
1:50.9	Absolute game changer.
1:52.7	Choice solved my problem.
	...

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