64. How Larry Miller Went from Prison Valedictorian to Nike Executive
People I (Mostly) Admire
Freakonomics Radio + Stitcher
4.6 • 2K Ratings
🗓️ 26 February 2022
⏱️ 37 minutes
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| 0:00.0 | My guest today, Larry Miller, has had an incredible career in business. |
| 0:10.7 | He started as an entry-level accountant for the Campbell Soup Company, eventually rising |
| 0:15.3 | up to run the Jordan brand at Nike. |
| 0:18.2 | He took it over, at perhaps the worst possible time. |
| 0:21.2 | The year Michael Jordan retired from the NBA, and yet somehow, he grew the Jordan brand |
| 0:25.8 | from $150 million in annual revenues to more than $3 billion. |
| 0:30.8 | But that's only part of the story. |
| 0:34.2 | I was in my cell, and the guy who had administered the test came out and I said, hey, did I pass? |
| 0:39.6 | He said, not only did you pass, but you got one of the highest grades I've seen. |
| 0:45.0 | And we'd like for you to be the valedictorian for the graduating class. |
| 0:52.6 | Welcome to People I mostly admire, with Steve Levitt. |
| 0:58.5 | Larry Miller's story is unlike anyone else in the upper echelon of corporate America. |
| 1:04.0 | You've heard about people who defied the odds, not the way Larry did. |
| 1:08.0 | And once you've heard this story, it just might make you rethink some of your fundamental |
| 1:12.7 | beliefs. |
| 1:20.8 | Larry, you have a remarkable story. |
| 1:23.4 | So how about we just started the beginning? |
| 1:26.0 | It's 1959, you're 10 years old, you live in Philadelphia, your family nickname, with |
| 1:32.5 | the champ. |
| 1:33.5 | How come? |
| 1:34.5 | My uncle nicknamed me that. |
| 1:36.8 | He always pumped me up to tell me that I could do whatever I wanted to do. |
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